US-Israel-Iran War Latest News: A potentially historic diplomatic breakthrough may be on the horizon as US President Donald Trump announced that a deal with Iran is expected to be signed on Sunday, a move that could immediately reopen the strategically vital Strait of Hormuz. The development comes amid heightened tensions across the Middle East following months of conflict involving Iran, Israel and regional armed groups while if finalized, the agreement could ease pressure on global energy markets, stabilize shipping routes and mark a significant shift in US-Iran relations.
US-Israel-Iran War Latest Update: Iran-US Deal to Be Signed in 24 Hours as Pakistan PM Says
Pakistan Prime Minister Shehbaz Sharif has announced that negotiations between Washington and Tehran have reached a critical stage. According to Sharif, both sides have agreed on a framework and are now working towards finalising the agreement.
He said the peace process has advanced significantly after weeks of diplomatic efforts and expressed optimism that the final document could be completed very soon while the announcement has raised hopes that one of the most serious conflicts in the Middle East this year may finally move toward a diplomatic resolution.
“We are closer to a peace deal than ever before. With finalisation likely expected in the next 24 hours, Pakistan is preparing for the electronic signing of the peace deal immediately after, followed by technical-level talks next week,” he said in a post on social media platform X.
US-Israel-Iran War Latest Update: Strait of Hormuz at the Center of Global Attention
The Strait of Hormuz remains one of the world’s most critical maritime chokepoints, with nearly 20% of global oil shipments passing through the narrow waterway every day with any disruption in the region has an immediate impact on crude oil prices, shipping costs and investor sentiment worldwide.
Trump’s statement on Truth Social suggested that the waterway would be “open to all” immediately after the agreement is signed while the announcement followed reports that Washington and Tehran were in the final stages of negotiations, with an electronic signing ceremony reportedly under consideration. Global markets are closely watching the situation, as reopening Hormuz without restrictions could reduce fears of supply disruptions that have repeatedly pushed oil prices higher throughout the conflict.
“The Deal is scheduled to get signed tomorrow, and immediately after it is signed, the Hormuz Strait is OPEN TO ALL,” Trump said in a post on Truth Social, signalling what could be a major diplomatic breakthrough after months of negotiations.
US-Israel-Iran War Latest Update: Frozen Iranian Assets Remain the Biggest Hurdle
Despite optimism surrounding the proposed agreement, Tehran has made it clear that access to its frozen overseas assets remains a non-negotiable demand. According to Iranian Foreign Ministry spokesperson Esmail Baghaei, the release of these funds is an integral component of any final settlement while estimates suggest that between $100 billion and $120 billion in Iranian assets remain frozen under international sanctions.
Economic analysts argue that releasing even part of these funds could significantly boost Iran’s financial position after years of economic pressure however, the issue remains politically sensitive in Washington, where sanctions have long been used as leverage against Tehran’s regional activities and nuclear ambitions.
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“The United States has always used these sanctions and access to these assets as a stick to try and prevent Iran from developing economically or … [supporting] armed groups in the Middle East,” said Christopher Featherstone, an associate lecturer at the University of York in the UK.
“But that is arguably why the United States is very keen for Iran to not have access to these assets,” he said, noting that estimates put the frozen funds at about $100-120bn.
US-Israel-Iran War Latest Update: Peace Deal Expected on Trump’s 80th Birthday?
The expected timeline has attracted additional attention because it coincides with Donald Trump’s 80th birthday on June 14 while neither Washington nor Tehran has linked the timing directly to the occasion, the possibility of a major diplomatic achievement occurring on the same day has become a topic of discussion among political observers.
Trump has repeatedly stated that he wants a lasting agreement that prevents further escalation while protecting American interests in the region with a successful deal would represent one of the most significant foreign policy developments of his second term.
US-Israel-Iran War Latest Update: Israel Continues Military Operations
Even as diplomatic talks gain momentum, military tensions have not disappeared while israel’s military announced that seven Hezbollah fighters were killed in southern Lebanon during operations involving drones, artillery units and air support over the past week.
The developments highlight the fragile nature of regional stability while negotiations between the United States and Iran may reduce immediate risks, security concerns involving Israel, Hezbollah and other regional actors continue to cast a shadow over long-term peace efforts.
US-Israel-Iran War Latest Update: War to End in 24 Hours?
Although optimism is growing, officials continue to caution that the conflict cannot officially be considered over until all parties formally approve the agreement.
Iranian Foreign Minister Abbas Araghchi has stressed that several issues remain under discussion. Iran’s state broadcaster IRIB quoted him as saying that until a complete agreement was reached on all issues, “it cannot be said with certainty that an understanding has been achieved with the United States” and his comments suggest that negotiations remain active despite positive signals from both sides.
US-Israel-Iran War Latest Update: What Happens Next in Deal?
The next 24 hours could prove decisive for the Middle East and global markets with a successful agreement may lower geopolitical risks, ease energy concerns and create a pathway toward broader regional de-escalation however, unresolved disputes over sanctions relief and frozen assets remain significant obstacles.
For investors, governments, and energy traders alike, Sunday’s anticipated signing could become one of the most consequential diplomatic moments of 2026.
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Disclaimer: This article is based on publicly available statements and reports. Diplomatic negotiations remain fluid and developments may change rapidly.
