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US, Iran inch closer to deal to end the war: What to know

Al Jazeera · May 24, 2026, 9:37 AM · Also reported by 4 other sources

Key takeaways

  • The proposed US-Iran peace deal seeks to reopen the strategically vital Strait of Hormuz amid lingering disagreements.
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  • The proposed memorandum of understanding (MoU) reportedly includes reopening the Strait of Hormuz, a vital shipping lane for crude oil and gas, as well as talks aimed at formally ending the US-Israel war on Iran.

Why this matters: an international story with cross-border implications worth tracking.

The proposed US-Iran peace deal seeks to reopen the strategically vital Strait of Hormuz amid lingering disagreements.

xwhatsapp-strokecopylinkgoogle Add Al Jazeera on Googleinfo. A woman holds a placard with photos of Iran's Supreme Leader Ayatollah Mojtaba Khamenei and his predecessor and late father Ayatollah Ali Khamenei during an anti-US and Israel protest at the Hafte Tir Square in Tehran on May 17, 2026 [File: AFP]By Al Jazeera Staff, AP and Reuters Published On 24 May 202624 May 2026United States President Donald Trump says a possible agreement between Washington and Tehran to end months of war is now “largely negotiated”, raising hopes that tensions in the region could ease after a flurry of diplomatic overtures involving multiple countries.

The proposed memorandum of understanding (MoU) reportedly includes reopening the Strait of Hormuz, a vital shipping lane for crude oil and gas, as well as talks aimed at formally ending the US-Israel war on Iran.

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