US-Iran Deal Nears Signing

A proposed Iran peace deal could be signed within days as negotiators work to finalise terms aimed at ending months of conflict.

A Western source told Reuters that the United States and Iran are close to agreeing a memorandum that could halt the war in the Gulf. Officials are still refining the wording, with Geneva emerging as the most likely location for the signing. If talks stay on track, U.S. Vice President JD Vance and Iranian Parliament Speaker Mohammed Baqer Qalibaf could sign the agreement as early as Sunday.

Iran continues to insist that any Iran peace deal must also bring an end to fighting in Lebanon, where Israeli forces have been battling the Iran-backed Hezbollah group. According to an Iranian source, the draft agreement includes the removal of sanctions on Iranian oil exports, the release of billions of dollars in frozen assets and a halt to hostilities across all fronts, including Lebanon.

The source added that nuclear issues would be left for future discussions. The United States wants assurances that Iran will never develop a nuclear weapon, while Tehran maintains that it has no intention of doing so.

Iranian media reported that the proposal also includes commitments related to regional military deployments and support for rebuilding Iran’s economy. One report stated, “The United States and its allies must submit plans for Iran’s reconstruction worth at least $300 billion.”

President Donald Trump signalled confidence in the negotiations, saying, “We just made a great settlement of the war with Iran.” Financial markets responded positively, with global stocks rising and oil prices falling amid hopes that the Iran peace deal could ease tensions and reopen the Strait of Hormuz.

However, uncertainty remains. Israel has stated that it is not a party to any memorandum with Iran, raising questions about how regional commitments will be implemented if an agreement is reached.

Could this agreement mark a lasting turning point for stability in the Middle East?