The US and Iran are expected to announce the finalization of a draft proposal of a peace deal to end the fighting on all fronts by Sunday afternoon, a source close to the negotiations told The Washington Times.
A draft proposal was agreed to early Saturday and expected to be announced within 24 hours, the source said. Top negotiators, including Iranian Parliament Speaker Mohammad Bagher Qalifbaf, Vice President J.D. Vance, special envoy Steve Witkoff and President Trump’s son-in-law Jared Kushner, have approved the draft. The draft version of the peace deal has been sent to leaders of both nations for final approval.
Field Marshal Asim Munir held talks in Iran to narrow the differences between the US and Iran after weeks of war left the Strait of Hormuz, a critical waterway for moving goods out of the Middle East, closed to most shipping.
About 20% of the world’s oil moves through the strait, and its closure has upended global energy markets.