Trump says US-Iran deal to be signed on Sunday as Tehran casts doubt on timing

President Donald Trump announced that a peace deal between the US and Iran is set to be signed on Sunday, despite Iran expressing uncertainty about the timing. Trump stated that the Strait of Hormuz, a crucial shipping route, would be accessible to all once the agreement is finalized. Pakistan, acting as a mediator, also indicated that the deal was expected to be completed within 24 hours, with preparations underway for an electronic signing. However, Iranian officials urged caution, suggesting the exact signing date was still uncertain. The deal aims to end the conflict that began with US and Israeli strikes on Iran, which led to retaliatory attacks and the closure of the Strait of Hormuz. The agreement includes reopening the strait and lifting a US blockade on Iranian ports, with further discussions on Iran’s nuclear program to follow. US officials noted that economic benefits for Iran would depend on its compliance with the deal’s terms. QUESTION: How might the reopening of the Strait of Hormuz impact global trade and energy markets?