Breaking: US–Iran deal reportedly finalised, announcement expected within hours

FXStreetMay 21, 2026 5:22 PM

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Iranian media reports, citing Al-Arabiya, suggest that the final draft of a US–Iran agreement has reportedly been completed with Pakistani mediation, with an official announcement potentially coming within hours.

According to the reported details, the deal would include an immediate and comprehensive ceasefire, commitments from both sides to avoid targeting infrastructure, and guarantees for freedom of navigation through the Persian Gulf and Strait of Hormuz under a joint monitoring mechanism.

The draft also reportedly outlines a gradual lifting of sanctions tied to Iran’s compliance, while negotiations on unresolved issues would begin within seven days.

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