Donald
Trump shares draft Iran peace agreement with Israel and other allies
US
president’s move comes as both sides try to prevent fresh ceasefire breaches
scuppering a potential deal
Patrick
Wintour Diplomatic editor
Fri 29
May 2026 01.09 BST
Donald
Trump has circulated a draft peace agreement for the war with Iran among allies
including Israel as both sides try to prevent fresh breaches of the ceasefire
escalating out of control and scuppering any deal.
In an
attempt to speed up the negotiations, Pakistan’s foreign minister, Mohammad
Ishaq Dar, will fly to Washington on Friday to meet his US counterpart, Marco
Rubio.
Tehran
targeted a US airbase in Kuwait on Thursday after Washington struck what it
described as an Iranian drone operation near the strait of Hormuz, highlighting
the fragile situation as both sets of negotiators refuse to cede ground on
final points of disagreement. Trump’s Wednesday cabinet had been expected to
discuss the deal, but Axios reported the US president as saying he needed a few
more days to think about it.
The draft
Trump has shared is not vastly different to the one that has been circulating
across the Middle East for days, under which the strait of Hormuz would be
opened to commercial shipping, the US blockade of Iranian ports would be lifted
and Iran would be given access to as much as $12bn (£9bn) in frozen assets.
The aim
would be for commercial shipping in the strait to return to pre-war levels
within 30 days and for negotiations envisaged to last as long as 60 days to
commence on the future of Iran’s nuclear programme. This would include
discussions about its stockpile of highly enriched uranium, a time-limited
suspension of further enrichment and supervision by the International Atomic
Energy Agency (IAEA), the UN’s nuclear watchdog. Iran would renounce the use of
nuclear weapons.
US
vice-president JD Vance said on Thursday that both parties were close to a
deal, but there were a couple of sticking points in talks with Tehran
concerning its enriched uranium stockpile and the question of enrichment.
“It’s
hard to say exactly when or if the president is going to sign the [memorandum
of understanding]. We’re going back and forth on a couple of language points,”
Vance said.
China is
pressing for the UN security council to ratify any agreement.
The
current scope of the agreement would be deeply unpalatable for Israel, because
it defers Iran making any firm nuclear commitments and requires a permanent
ceasefire to include Lebanon.
The draft
is less specific than Tehran’s version about lifting sanctions on Iran’s oil
and petrochemical exports. It also asserts toll-free navigation in the strait
of Hormuz.
Iran is
trying to negotiate an agreement with Oman separate to any memorandum of
understanding that would result in fees imposed for “navigational services”. In
remarks that produced no official response from Muscat, Trump threatened on
Wednesday to “blow up” Oman if it tried to reach a deal with Tehran that
included the imposition of tolls.
The
Islamic Revolutionary Guard Corps’ navy issued a statement reasserting its
control of the strait, saying that 26 commercial ships and oil tankers had been
given permission to pass through the waterway in the past 24 hours.
The IRGC
said “seeking permission is mandatory and passage through other routes will be
considered as disruption”. It intervened on Wednesday night to prevent four
ships trying to sail through the strait with their transponders off. It said
two were stopped in place and two forced to turn back.
Any
skirmishes so far between the US and Iran have not stopped their indirect
contact mediated by Pakistan and Qatar, but if oil tanker operators step up
their efforts to pass through the strait without Iranian permission the fragile
ceasefire agreed on 8 April could collapse.
Oil
prices climbed 2% on Thursday morning, but remained below $100 a barrel.
In
Moscow, Iran’s deputy foreign minister, Ali Bagheri, reiterated the demand that
frozen assets be released into Iranian bank accounts with no conditions
attached.
Washington
has countered by imposing sanctions on Iran’s nascent Persian Gulf Strait
Authority set up to manage the passage of vessels through the waterway. Tehran
has been trying to gain Oman’s agreement to coordinate. The US treasury
secretary, Scott Bessent, threatened on Thursday to target Oman if it helped
impose a toll system in the strait, warning of sanctions against any countries
involved.
As
tensions grow inside Iran about the wisdom of negotiating with Trump, the
country’s supreme leader, Mojtaba Khamenei, told officials not to turn
differences into divisions, and to make sure the parliament, which is currently
closed, dealt with the public’s economic concerns.
Khamenei
said the US and Israel were seeking to “bring the country to its knees. The
enemy’s blind plan ... is to create division and destruction in order to
compensate for its military defeats,” he said.
Senior
diplomats in Oman were reportedly shocked and furious at Trump’s threat on
Wednesday.
Oman,
seen as a western ally with a commitment to mediation in the Middle East, has
been in talks with Iran over the future of the strait, but does not favour an
agreement that results in tolls or heavy-handed Iranian interference in free
navigation. Omani newspapers did not report Trump’s threat.
In a sign
of continuing repression inside Iran, Amnesty International reported that the
authorities had arrested more than 6,000 people since the US and Israel
launched their offensive on 28 February, including protesters, journalists,
lawyers, human rights defenders, dissidents and members of ethnic and religious
minorities.

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