Iran says possible memorandum does not include Hormuz specifics, deal not imminent

Iran’s foreign ministry said Monday that a possible memorandum of understanding with the United States still does not include key specifics on the Strait of Hormuz, pushing back on suggestions that a deal is near.

Foreign ministry spokesperson Esmaeil Baghaei said conclusions have been reached on many points in the proposed text, but that does not mean an agreement is imminent. Reuters and other outlets reported that the remaining Hormuz details are still unresolved.

The emerging framework has centered on a 14-point memorandum linked to the waterway, according to the reporting. Baghaei said talks are focused on ending the war and addressing the U.S. naval blockade of the Strait of Hormuz, in exchange for steps by Iran to ensure safe transit through the strategic channel.

The comments contrast with earlier remarks from U.S. President Donald Trump, who said a deal with Iran was largely negotiated and would reopen the Strait of Hormuz.

The Washington Post reported over the weekend that the sides were discussing a memorandum framework, but that final details were still being worked out and no agreement had been signed. AP also reported that the deal was still not finalized.

The Strait of Hormuz is a critical passage for global energy shipments, making any agreement tied to the waterway geopolitically and economically significant. For now, the latest reporting indicates the talks are continuing, but a final text remains out of reach.