President Donald Trump said a peace agreement between the U.S. and Iran could be signed as early as Sunday, June 14 [1].

The deal aims to end active hostilities and resolve the broader conflict between the two nations. A primary objective of the memorandum of understanding is the immediate reopening of the Strait of Hormuz to ensure the flow of global maritime trade.

Trump said the Strait of Hormuz will be reopened immediately once the memorandum of understanding is signed [1]. The proposed agreement comes after a period of heightened tension, including a recent U.S. strike that killed three tanker crew members [4].

Despite the administration's optimism, Tehran has cast doubt on the timeline. A spokesperson for the Iranian Foreign Ministry said, "We must be cautious in commenting on the signing date" [2]. Other Iranian officials have said they rule out signing a peace deal on Sunday [2].

Discrepancies remain regarding whether the terms are fully settled. While Trump said a settlement has been reached [1], Iranian officials said that no final agreement is currently in place [3]. A CNN correspondent said that while the parties are close to reaching an agreement, the exact terms are still being finalized [3].

The proposed signing would likely occur via a virtual ceremony, with coordinating discussions taking place in Washington and Tehran [3]. The resolution of the conflict remains a critical priority for regional stability, and the security of international shipping lanes.

"The Strait of Hormuz will be reopened immediately once the memorandum of understanding is signed."

The gap between the White House and Tehran's statements suggests a significant diplomatic disconnect or a strategic negotiation tactic. While the U.S. is signaling a rapid resolution to stabilize energy markets by reopening the Strait of Hormuz, Iran's refusal to confirm a Sunday deadline indicates that key terms—likely regarding sanctions or security guarantees—remain contested.