The United States and Iran are reportedly on the verge of signing the first phase of a peace agreement, marking a significant development in the ongoing conflict that has entered its 107th day. However, divergent timelines provided by Washington and Tehran have created uncertainty regarding the exact timing of the accord.

US President Donald Trump announced that a deal to halt the Iran war could be signed as early as Sunday. This statement was shared on his Truth Social platform, indicating a sense of imminent resolution. The announcement comes amidst ongoing diplomatic efforts mediated by Pakistan, with Pakistani Prime Minister Shehbaz Sharif suggesting the "finalisation" of the agreement could occur within the next 24 hours.

Despite the optimism from the US side, Iran's Ministry of Foreign Affairs has downplayed the immediate timeline. Iranian Foreign Ministry spokesman Esmaeil Baghaei stated on Saturday that the signing would not take place on Sunday and that an official date has yet to be set. He did, however, acknowledge the possibility of the agreement being finalized in the coming days.

The potential deal, as described by Iranian Foreign Minister Abbas Araghchi, comprises 14 points. The initial and most crucial point is the lifting of the US blockade on Iranian ports. The Memorandum of Understanding is also expected to call for an immediate cessation of hostilities across all fronts, including in Lebanon, and include a commitment from both sides not to initiate war or employ force.

In a statement on Saturday, Trump elaborated on the implications of the deal, writing that the Strait of Hormuz, a critical chokepoint for global oil transport which Iran had previously blocked, would be “open to all” immediately after the agreement is signed. This suggests a significant shift in regional maritime security and economic access.

Meanwhile, Iranian officials have been reflecting on the conflict. Iran’s main negotiator, Mohammad Bagher Ghalibaf, posted on X on Saturday that Iranians would persevere until “final victory,” drawing a parallel to the sacrifices made during the recent 12-day war. President Masoud Pezeshkian stated that Israel’s attempts to weaken Iran during last June's conflict had failed, attributing the eventual ceasefire to Iran's unity.

Details surrounding the "first stage" of the deal remain somewhat opaque, with further information expected as the diplomatic process unfolds. The differing public statements from the US and Iranian governments highlight the delicate nature of the negotiations and the challenges in achieving a unified public narrative.

The successful implementation of this initial agreement could pave the way for further de-escalation and broader diplomatic engagement, potentially reshaping regional dynamics and international relations concerning Iran.