In a post on social media, Trump said the agreement was scheduled to be signed on Sunday and claimed that the Strait of Hormuz would be immediately “open to all” once the deal takes effect.

Trump did not reveal details of the proposed agreement but said it would bar Iran from possessing nuclear weapons in any form, including through the purchase, development or acquisition of related technology. He also asserted that the US would eventually obtain Iran’s nuclear material.

So far, Tehran has not confirmed that any agreement will be signed on June 14. Nevertheless, Iranian Foreign Minister Abbas Araghchi said, “We are closer to a peace deal than ever before.”

Several Iranian state media outlets have previously reported that the document under discussion is widely viewed as a 14-point interim memorandum of understanding rather than a final peace settlement. According to those reports, it is intended to extend the current ceasefire by 60 days and create a framework for broader negotiations on nuclear issues and regional security.

Iranian Foreign Ministry spokesperson Esmaeil Baqaei said no memorandum of understanding with the US would be signed on Sunday, although he noted that an agreement to end hostilities could still be reached in the coming days through ongoing negotiations mediated by Islamabad.