Iran says possible memorandum still lacks Hormuz specifics, deal not imminent

Iran’s foreign ministry said a possible memorandum of understanding with the United States is still not ready to sign and does not yet include the full details needed on the Strait of Hormuz.

The comments pushed back on recent U.S. optimism about the state of the talks. President Donald Trump said on Saturday that a deal was “largely negotiated,” while Reuters and other reports described a framework that could include reopening the Strait of Hormuz and extending a ceasefire.

Iran said the draft still leaves important issues unresolved. According to the reporting, officials in Tehran said conclusions had been reached on many topics, but the memorandum is not imminent and key Hormuz specifics are still missing.

The competing public messages underscore how fragile the negotiations remain. U.S. officials have portrayed the talks as close to completion, while Iran is signaling that major terms, including security and nuclear-related questions, still need to be settled.

The immediate question is whether the two sides can close the remaining gaps in the next round of talks. For now, the public record suggests a framework is under discussion, but not a finalized agreement.

What To Watch

• Whether Iran and the U.S. can agree on the remaining Hormuz terms.
• Whether the memorandum is signed in the next round of talks.
• Whether either side hardens its public position if negotiations stall.