Will the US-Iran deal be signed on Sunday? What we know so far

United States President Donald Trump claims that the first stage of a peace deal with Iran will be signed on Sunday after more than 100 days of war that have triggered a global energy crisis and darkened the global economic outlook.

Tehran, however, has disputed the timeline, saying the signing of the deal could happen in the “coming days”.

The initial agreement, called a memorandum of understanding, would extend the current ceasefire for another 60 days, according to media reports.

So what is the latest peace deal, and will it be signed? Here’s what we know:

On Thursday, shortly after threatening to take control of Iran’s Kharg Island oil facility, which processes 90 percent of Iran’s crude exports, Trump said he had called off strikes on the country because a deal with Tehran was close and could even be signed over the weekend.

The next day, Iranian Foreign Minister Abbas Araghchi said a memorandum of understanding (MoU) with the US had “never been closer”. Trump then shared Araghchi’s post on his Truth Social social media platform.

Iranian state media later reported extensive details of what they said was included in a document with the US, noting that it also included Lebanon, where Israel is conducting air strikes and a ground invasion in the south, in the agreement.

Trump had earlier complained that the “terms that Iran leaked out to the Fake News have NOTHING to do with the terms that were agreed to in writing” and warned Iran’s leaders to “get their act together, fast”.