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An initial deal to end the war and open the Strait of Hormuz was expected to be signed this week.
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President Trump said it would be signed on Sunday, but Iran's Foreign Ministry cautioned that the timeline could be slower.
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President Donald Trump announced "major combat operations" against Iran on Feb. 28, with massive joint U.S.-Israeli strikes.
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Before the US president's comments, Iran expressed caution about the exact timing.
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Pakistan's prime minister, a key mediator in U.S.-Iran talks to end the war, said Saturday that a peace deal was closer "than ever before," and could be finalized "in the next 24 hours."
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An agreement would extend the ceasefire and pave the way for a longer truce, leaders said, though an Iranian official denied a deal will be signed Sunday.
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Iran foreign ministry spokesperson Esmail Baghaei in statements carried by state media said the signing "will not happen tomorrow."
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A U.S.-Iran deal could be sealed within days, according to President Donald Trump, Iranian officials and key mediator Pakistan, with a memorandum of understanding expected to reopen the Strait of Hormuz
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