Geneva, Switzerland – Web Desk: The United States and Iran have reportedly reached an initial understanding on a framework agreement, with formal signing expected on Sunday, according to international media reports.
Bloomberg reported that a memorandum of understanding could be signed in Geneva ahead of the G7 summit scheduled to begin in Switzerland on Monday. The deal is expected to outline steps toward de-escalation between the two countries.
Earlier reports from US media claimed that an initial understanding includes provisions for reopening the Strait of Hormuz and a 60-day ceasefire framework. Under the proposed arrangement, sanctions relief would be linked to Iran’s compliance measures, while negotiations on Iran’s nuclear program would continue during the ceasefire period. The ceasefire is expected to apply across all fronts.
Iranian media reported that the draft memorandum may include lifting sanctions, withdrawal of US forces from areas near Iran, an end to restrictions in the Gulf of Oman, and reopening of the Strait of Hormuz. Frozen Iranian assets could also be released, while final talks would focus on nuclear and economic issues. Iran’s missile program is reportedly excluded from negotiations.
US President Donald Trump has said that documentation for a potential agreement is in its final stages and suggested a deal could be signed by the end of the week. He also indicated that he expects the Iranian leadership to approve the agreement, while noting that maritime restrictions on Iran would remain in place until a formal deal is concluded.
However, Iran’s Foreign Ministry has pushed back against these claims, saying no final agreement has been reached. Spokesperson Esmail Baghaei said diplomatic contacts are ongoing but no settlement has been finalized, adding that while parts of the draft text have been completed, Iran will not compromise on its core red lines.
