Trump: US‑Iran Memorandum to Be Signed Sunday; Tehran Denies

President Donald Trump posted on Truth Social that a memorandum of understanding to end hostilities between the United States and Iran is scheduled to be signed on Sunday and that, after signing, “the Hormuz Strait is OPEN TO ALL.” Pakistan, which has been mediating the talks, said negotiators were close to a deal and prepared for an electronic signing within about 24 hours.

Pakistani Prime Minister Shehbaz Sharif wrote that negotiators are “closer to a peace deal than ever before” and that finalisation was likely within a day, followed by technical-level talks next week. Iran’s Foreign Ministry spokesman Esmaeil Baghaei told state media the memorandum would not be signed on Sunday but could be agreed “in the coming days,” and that Tehran would announce the exact date when confirmed.

Officials describe the document under negotiation as a memorandum of understanding that would extend a ceasefire for 60 days and include arrangements to reopen the Strait of Hormuz. The strait handles roughly one-fifth of global crude oil and liquefied natural gas shipments. Recent shipping disruptions and a de facto naval blockade in the area have been linked to higher energy costs and increased market volatility.

Market participants were monitoring potential immediate effects if the memorandum is finalised. Crypto analyst Michaël van de Poppe predicted a US‑Iran peace agreement would boost risk appetite and prompt inflows into digital assets, including Bitcoin and related exchange-traded funds. Data for the week ended Friday showed spot Bitcoin ETFs recorded about $315.84 million in net outflows, the fifth consecutive week of withdrawals from Bitcoin-linked funds. At the latest market snapshot, Bitcoin traded near $64,491, up about 1.5% over 24 hours.

Pakistan’s role in the talks has drawn attention from Washington and Tehran as Islamabad coordinates logistics for a short-term truce and the procedural steps for signing. Diplomats note that memoranda of understanding often require technical annexes and implementation discussions after signatures are exchanged, which could delay the operational reopening of shipping lanes.

Background to the negotiations includes months of maritime incidents, naval confrontations and sanctions-related tensions that affected Gulf shipping. Any agreement to reopen the strait would remove a constraint on seaborne energy flows but would still require verification and follow-up talks to move from an agreement on paper to resumed commercial navigation.