Donald Trump posted on Truth Social on Saturday 23 May that a deal to end the Iran war had been "largely negotiated" between the United States, the Islamic Republic of Iran and other listed countries, adding that the strait of Hormuz "will be opened"1. the strait is the 33-kilometre chokepoint between Iran and Oman through which roughly a fifth of the world's seaborne oil passes; Iran's blockade of it has driven this war since late February. It is the most consequential thing Trump has said about Iran in 86 days of fighting. He signed nothing.
The only presidential instrument The White House published across the 22 to 24 May window was a Memorial Day proclamation2. No Iran order, no sanctions action, no Hormuz text. The verbal track that has carried this war since 28 February reached its loudest moment on a weekend that produced zero signed Iran paper, extending the streak that ran unbroken through the prior week's two non-Iran financial orders.
On Sunday 24 May, Axios reported the shape of what had been agreed3. It is a 60-day memorandum of understanding (MOU), extendable by consent, not a treaty. During those 60 days Hormuz reopens toll-free, Iran clears its mines, the US lifts the naval blockade and issues waivers letting Tehran sell oil, while US forces stay in the region and withdraw only if a final deal follows. The draft rests on Iran's 14-point document and was approved on the Iranian side by Speaker Mohammad Bagher Ghalibaf, and on the US side by JD Vance, Steve Witkoff and Jared Kushner4. Marco Rubio, speaking in New Delhi, repeated the American conditions: no weapon, Hormuz open without tolls, uranium handed over5.
The MOU text has not been published. The sequence front-loads the reversible concessions, blockade lift and oil waivers, and defers the one irreversible commitment, the uranium, to a later negotiation. That ordering lets Tehran collect sanctions and shipping relief across the 60 days while never binding itself to surrender the stockpile.
