US and Iran Reach Preliminary Agreement, Arab TV Reports

21 May 2026

The United States and Iran had reached a preliminary final draft of a deal during negotiations mediated by Pakistan. The information comes from Al Arabiya, the Saudi state-owned international television news channel.

The information has not yet been confirmed by any other official source.

The draft document would include a provision for an immediate and comprehensive ceasefire. The main point of contention in the negotiations, the opening of the Strait of Hormuz, would also be included in the preliminary version. The agreement would cite freedom of navigation in the Strait.

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James Whitmore

James Whitmore

I am a financial journalist specialising in global markets and long-term investment strategies, with a background in economics and corporate finance. My work focuses on translating complex financial data into clear, actionable insights for private investors and professionals. At Wealth Adviser, I contribute in-depth analysis on equities, macroeconomic trends, and portfolio construction.