The United States announced a potential agreement with Iran to halt ongoing conflict, slated for signing on Sunday, though Iranian officials have cast doubt on the timeline. President Trump stated the deal would lead to the full reopening of the crucial Strait of Hormuz. Pakistani Prime Minister Shehbaz Sharif reported that the core terms of a peace agreement had been agreed upon, with a virtual signing ceremony planned. However, Iranian Foreign Ministry spokesperson Esmail Baghaei clarified that a date for the signing still needs to be determined. Both sides have previously indicated progress towards ending the conflict, which began February 28th, but Sharif suggested this attempt is closer to success than previous efforts. A US official revealed that the US would lift sanctions in exchange for Iran opening the Strait of Hormuz without fees, and plans to propose a demining effort to the G7. In return, the US is expected to unfreeze Iranian assets and lift oil export restrictions, with further negotiations on Iran’s nuclear program to follow within 60 days.