Al-Arabiya Reports Final Draft of US-Iran Peace Agreement Leaked; Deal 'Imminent Within Hours' — Day 83

Saudi satellite network Al-Arabiya on May 22, 2026 (Day 83 of the US-Iran war) reported a leak of what it described as the final draft of a US-Iran peace agreement mediated by Pakistan, claiming a deal announcement could come 'within hours.' The leaked framework reportedly includes: lifting of both the US naval blockade of Iranian ports and Iran's closure of the Strait of Hormuz; an immediate ceasefire; and the opening of a 30-day window to negotiate Iran's nuclear program. Critically, the leaked draft does NOT address core US demands — no enrichment moratorium, no export of highly-enriched uranium, no ballistic missile limits, and no formal end to Hezbollah and Houthi funding. Neither the US State Department nor Iran's Foreign Ministry officially confirmed the leaked document. The development follows Trump's cancellation of a planned military strike on May 19 at Saudi, UAE, and Qatari request. Oil markets moved on deal speculation — Brent crude eased from ~$107/bbl to approximately $104/bbl on reports of imminent agreement, though analysts cautioned any deal without nuclear provisions would be incomplete and leave the door open for future confrontation. Pakistan and Qatar remain active as mediators; the Trump administration said it remained 'prepared for full-scale assault on a moment's notice' if negotiations collapse.