Trump Says Iran Peace Deal Largely Negotiated as Talks Continue Toward Deadline

President Donald Trump said on May 23 that a peace deal with Iran has been 'largely negotiated,' signaling significant progress in efforts to end months of hostilities. No final agreement has been signed as of May 24, and negotiations remain ongoing.

Speaking publicly, Trump indicated that the proposed framework includes the reopening of the Strait of Hormuz, a critical waterway for global oil shipments. The statement marked the most detailed official description of the emerging accord to date.

Iran's foreign ministry spokesperson Esmail Baghaei described the draft as a 'framework agreement,' cautioning that more talks are necessary before a final deal can be concluded. The characterization reflects Tehran's more reserved posture compared to Washington's optimism.

The developments come with a de facto deadline approaching on May 26, though neither side has confirmed a target date for signing. The gaps between the U.S. description of a nearly complete deal and Iran's framework language underscore the remaining diplomatic work.

Attention now turns to whether negotiators can bridge those differences and produce a signed text before the informal deadline. The absence of any confirmation from Iran's Supreme Leader or a published final text leaves the outcome uncertain.