Geneva has emerged as a potential venue for the signing of a US-Iran peace agreement designed to preserve the current ceasefire and reopen the Strait of Hormuz to commercial shipping. However, Iranian officials have rejected reports suggesting that a final agreement is already scheduled to be signed on Sunday, stating that negotiations remain incomplete.
According to reports citing senior officials, the United States and Iran are considering an interim agreement that could be signed on the sidelines of the upcoming G7 Summit in France. Geneva is reportedly being discussed as a possible location because of its proximity to the summit venue in the French Alps. Sources have indicated that US Vice President JD Vance and special envoy Steve Witkoff could represent President Donald Trump at any signing ceremony.
The proposed interim agreement would reportedly extend the existing ceasefire by approximately two months, allow the reopening of the Strait of Hormuz for commercial maritime traffic, and create a framework for continued negotiations regarding Iran's nuclear programme and broader regional security issues.
Despite these reports, Tehran has sought to temper expectations. An Iranian Foreign Ministry spokesperson stated that no final conclusion had yet been reached with Washington, although he acknowledged that progress had been made during recent negotiations. Iranian state media similarly reported that a draft agreement was nearing completion but still required approval from senior decision-making authorities.
Iranian officials also directly disputed claims that a signing ceremony had already been scheduled in Geneva. Sources quoted by Iranian media described reports of a Sunday signing as inaccurate and premature.
One of the key remaining obstacles appears to be final approval from Iran's leadership. Reports suggest that mediators from Qatar and Pakistan have played an important role in facilitating discussions between the two sides.
The negotiations have attracted significant international attention because of their potential impact on global energy markets. The Strait of Hormuz remains one of the world's most important maritime routes for oil and natural gas shipments. Optimism surrounding a possible agreement recently contributed to lower oil prices as markets anticipated a reduction in regional tensions and a restoration of normal shipping activity.
Although both Washington and Tehran continue to signal that progress is being made, important issues remain unresolved. Approval by Iran's leadership, concerns expressed by Israel regarding any easing of pressure on Tehran, and the need to finalise the terms of the agreement mean that a deal cannot yet be considered complete.
For now, Geneva remains only a possible venue, and both sides are continuing negotiations while publicly emphasising that no final agreement has yet been signed.
