Reports Says US-Iran Peace Deal Likely to be in Geneva on Sunday (Open AI)
New Delhi: The war between the United States and Iran may be heading towards an end. A deal to stop the fighting in the Gulf region could be signed by Sunday. Reuters was told this on Friday by a Western source, who said Geneva is the most likely venue for the signing. The terms are still being finalised. Iran is pushing hard for one condition — any deal must also include a ceasefire in Lebanon, where Israel is fighting Iran-backed Hezbollah. The two sides are racing to get the agreement ready by Saturday so that US Vice President JD Vance and Iranian Parliament Speaker Mohammad Baqer Qalibaf can put their signatures on it.
Donald Trump declared on Thursday that a deal with Iran was ready. He told journalists at the White House that America would not carry out fresh strikes on Iran because an agreement had been reached. He called it a tremendous deal. Hours earlier he had been threatening heavy bombardment of Iran. Markets reacted fast. Global stocks rose sharply on Friday. Brent crude dropped more than 2 percent in early European trading. The world was relieved even if the ink was not yet dry.
According to a senior Iranian official who spoke to Reuters on Friday, the draft deal hands Tehran most of what it wanted. Sanctions on Iranian oil will be lifted. Billions of dollars of frozen Iranian assets will be unfrozen. A ceasefire will be required on all fronts including Lebanon. Iran's state news agency Mehr went further. It reported that the deal also includes a US commitment to withdraw military forces from Iran's surrounding region and a plan to help rebuild Iran's shattered economy. Mehr said the US and its allies should present reconstruction plans worth at least 300 billion dollars.
On the American side the gains look thinner. The one clear win for Trump is the reopening of the Strait of Hormuz. Iran had shut the strait in February after Trump ordered the initial strikes. The strait carries 20 percent of the world's oil supply. Trump said it will officially reopen the moment the deal is signed. He said that could happen very soon, possibly over the weekend in Europe.
The nuclear issue has not been resolved. America wants a guarantee that Iran will never build nuclear weapons. Iran says it has no intention of doing so. Both sides have agreed to deal with this separately in future talks. It remains the most sensitive and unresolved part of the broader standoff.
The conflict began on February 28 when the US and Israel launched strikes on Iran. Since then Trump made multiple announcements that a deal was close. None of them held. The latest round of fighting broke out after Iran and Israel exchanged fire following an April ceasefire. America then struck Iran for two days. Iran hit back at American bases in the region. The back and forth pushed oil prices up and rattled markets for weeks.
When Trump was asked whether Iran's Supreme Leader Ayatollah Mojtaba Khamenei had approved the deal, he said he believed the answer was yes. He did not elaborate. Vance is expected to be present at the signing ceremony whenever and wherever it takes place.
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