United States President Donald Trump said that a peace deal with Iran could be signed on Sunday, while Tehran has once again rejected the timeline, saying the deal could be signed in the coming days without specifying when. According to Iranian sources, an important condition related to a ceasefire and the withdrawal of Israeli forces from Lebanon remains a major sticking point.
Trump, on the other hand, claimed — like in the past — that the Strait of Hormuz will “open to all” once the deal is signed and added that the US will get Iran’s nuclear material.
He said that the memorandum of understanding between the United States and Iran will be signed virtually. As per his published schedule for Sunday, there is no mention of any virtual signing ceremony. However, sources said it can be added later.
In his latest series of Truth Social posts, Trump believes the signing will be a major diplomatic breakthrough and a “wall” to prevent Iran from ever having a nuclear weapon — something he suggests Iran is no longer interested in.
The US president has also been taking swipes at his predecessor, Barack Obama, who negotiated the JCPOA (Joint Comprehensive Plan of Action) in 2015 to limit Iran’s nuclear programme.
Trump had pulled the US out of that deal and is now claiming that the new agreement will be far better once it is signed.
The situation remains complex, with Israel continuing its military operations in southern Lebanon while Iran insists that Israeli withdrawal be part of any ceasefire deal.
While both sides have hinted at a peace deal several times before, it remains to be seen whether it materialises this time.
Many market observers see this as a recurring trend where Trump announces something positive on weekends, only to backtrack later when markets move higher, often leading to volatility in stock markets.
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