Donald Trump claims a memorandum of understanding on an Iran peace deal has been largely negotiated and would reopen the Strait of Hormuz, but Iran's state news agency disputes this characterization of the terms.

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A "largely negotiated" memorandum of understanding on an Iran peace deal would reopen the Strait of Hormuz, US President Donald Trump has said although the Iranian Fars news agency disputed that claim.

Trump says deal 'negotiated' but Iran disputes terms