US-Iran Peace Deal on Brink of Signing: What's Next?

Pakistani prime minister Shehbaz Sharif also said that a peace deal was likely to be finalised within the next 24 hours. | World News

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The United States and Iran are closing in on a peace deal, potentially ending a three-month war. US President Donald Trump announced that the two sides are set to sign the agreement on Sunday, with Pakistan's Prime Minister Shehbaz Sharif confirming the deal's finalisation within 24 hours.

Iran has not yet confirmed the signing, with Foreign Ministry spokesperson Esmaeil Baghaei cautioning against comments on the timing. Trump claimed that Tehran 'no longer' wants a nuclear weapon and that the Strait of Hormuz will be 'open to all' after the deal is signed.

The proposed deal includes changes to the original agreement, with Iran's nuclear programme to be discussed during a 60-day period of talks. The US would release billions of dollars of frozen Iranian assets and waive sanctions on its oil exports.