Trump Claims Iran Peace Deal Signed Sunday, Contradicts Tehran

US President Donald Trump announced on Saturday that he expects a deal to end hostilities between the US and Iran to be signed on Sunday, which would immediately reopen the Strait of Hormuz to all.

This development comes despite earlier caution from Iranian officials about the timing, with Tehran's Foreign Ministry spokesperson Esmaeil Baghaei saying it would not be 'tomorrow' and could happen in the coming days.

Pakistan has been mediating the talks and its Prime Minister Shehbaz Sharif indicated that finalization is likely within the next 24 hours, with preparations underway for electronic signing followed by technical-level talks next week.

The Strait of Hormuz, a critical shipping lane, has been closed due to the conflict, affecting around 20% of global oil and liquefied natural gas supply, contributing to higher asset prices and market risk aversion that has impacted crypto markets for months.