Al Arabiya Leaks 'Final Draft' US-Iran Peace Agreement — Could Be Announced 'Within Hours'; Deal Defers Nuclear Specifics — Day 84

Saudi broadcaster Al Arabiya published what it described as the 'final draft' of a comprehensive US-Iran peace agreement on May 22, 2026 (Day 84), citing a source claiming the deal could be announced 'within hours.' The leaked draft framework includes: an immediate, comprehensive, and unconditional ceasefire on all fronts (land, sea, air); a mutual commitment not to target military, civilian, or economic infrastructure; guaranteed freedom of navigation in the Arabian Gulf, Strait of Hormuz, and Gulf of Oman; gradual lifting of US sanctions in exchange for Iranian commitments; a joint monitoring mechanism to resolve disputes; and a commitment to begin negotiations on 'outstanding issues' — including nuclear program specifics — within 7 days of the agreement entering into force. The deal is characterized as an interim framework. The nuclear enrichment moratorium duration — the central gap between the two sides (Iran proposed 5 years, US demanded 20 years, with a reported convergence zone around 10–12 years) — is notably deferred to post-deal negotiations rather than resolved in the initial framework. The Al Arabiya leak sent markets rallying: US equities surged an estimated $500 billion in market cap, while Brent crude fell approximately 5% on the week to around $103/bbl on deal optimism. However, by end of day, neither Washington nor Tehran had officially confirmed the framework, and critical details — including the nuclear moratorium duration — remained unresolved.