The U.S. and Iran are negotiating a potential peace agreement to resolve long-standing disputes over regional security and nuclear activity.

A final deal would stabilize one of the world's most volatile geopolitical flashpoints by addressing the reopening of the Strait of Hormuz and the lifting of economic sanctions.

President Donald Trump said on Sunday that the peace agreement has been largely negotiated with Iran. This development follows a weekend of reported breakthroughs in discussions between Washington, D.C., and Tehran.

Despite the optimism from the White House, several obstacles remain. Retired Navy Vice Adm. Robert Murrett said that while negotiations are moving forward, the sticking points are clear: nuclear issues, the Strait of Hormuz, and sanctions relief.

Reports indicate there are three main sticking points holding back a final agreement [1]. While some sources identify the primary disputes as Tehran's nuclear programme and the maritime access of the Strait of Hormuz, other reports cite oil decline, mutual suspicion, and regional security as the core barriers [1].

Iranian media has expressed skepticism regarding the progress. An Iranian media analyst said the deal touted by the president is inconsistent with reality and does not reflect the actual demands of Iran.

The talks aim to create a framework for sanctions relief in exchange for limits on Iran's nuclear capabilities. The resolution of these issues is critical for global energy markets, as the Strait of Hormuz remains a vital artery for oil shipments.

Murrett said the U.S. is not in a hurry, but the process continues to move forward.

"The peace agreement has been largely negotiated with Iran."

The discrepancy between the White House's optimism and the skepticism from Iranian media suggests a significant gap in the perception of the deal's viability. If the U.S. and Iran cannot reconcile their demands regarding nuclear oversight and the strategic control of the Strait of Hormuz, the agreement may remain a preliminary framework rather than a binding treaty.