What we know so far about the US-Iran deal

What we know so far about the US-Iran deal Submitted by MEE staff on Mon, 05/25/2026 - 15:34 Agreement would begin with 60-day ceasefire, during which Strait of Hormuz would open again US President Donald Trump speaks to members of the media after returning to the White House in Washington on 15 May 2026 (Kevin Dietsch/Getty Images via AFP) Off US President Donald Trump has indicated that a potential deal between the US and Iran is “largely negotiated”. If agreed, it could bring to an end a regional conflict which has lasted almost three months. Markets were upbeat about the prospect of a deal on Monday morning, with Brent crude oil prices dropping nearly 6 percent to $97 a barrel.