U.S.-Iran Ceasefire Deal May Be Signed This Weekend
According to a Reuters report, the United States and Iran could sign a memorandum aimed at ending the conflict in the Gulf as early as Sunday, with Geneva emerging as the most likely location for the signing.
A Western source told Reuters that the final wording of the agreement was still being negotiated. Iran is reportedly maintaining its position that any deal must also bring an end to the fighting in Lebanon, where Israel has been engaged in conflict with the Iran-backed Hezbollah movement.
The source said negotiators hope to finalize the text by Saturday, paving the way for the agreement to be signed by U.S. Vice President JD Vance and Iranian Parliament Speaker Mohammad Baqer Qalibaf. While no venue has been officially confirmed, Geneva is currently considered the leading option.
U.S. President Donald Trump said on Thursday that he was canceling plans for further strikes against Iran because an agreement was close to completion.
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“We just made a great settlement of the war with Iran,” Trump told reporters at the White House.
However, Reuters noted that the reported terms of the draft agreement appear to grant Iran many of the concessions it has long sought, while offering Washington fewer immediate gains beyond the reopening of the Strait of Hormuz, which Iran had closed following U.S. attacks earlier this year.
A senior Iranian source told Reuters that the proposed deal would include the lifting of sanctions on Iranian oil exports, the release of billions of dollars in frozen Iranian assets, and a comprehensive ceasefire across multiple fronts, including Lebanon.
The source added that nuclear issues would be deferred to future negotiations. The United States has consistently sought guarantees that Iran will never develop a nuclear weapon, while Tehran continues to insist that its nuclear program is purely peaceful.
Reuters reported that sanctions relief, access to frozen funds, and an end to Israeli military operations in Lebanon remain key Iranian demands. The source did not specify what concessions Iran would make in return, and there was no immediate response from U.S. officials.
Iran’s Mehr News Agency also reported that the draft agreement includes additional U.S. commitments, including the withdrawal of American forces from areas surrounding Iran and support for a plan to help rebuild Iran’s economy after months of conflict.
Reuters noted that many details remain unresolved, and neither side has officially confirmed the final terms of any agreement.
