U.S. President Says Iran War Deal Close as Strait of Hormuz Tensions Linger

World 09:18 AM - 2026-06-12
U.S. President Donald Trump. Reuters

U.S. President Donald Trump.

U.S. Iran

Hopes grew on Friday for peace between Iran and the United States after President Donald Trump said a deal could be signed as soon as this weekend, even as Tehran said it had not made a final decision on a pact.

The deal, if confirmed, would ‌be the most significant diplomatic breakthrough yet to end the three-month-old war, which has killed thousands and sent global energy prices sharply higher after Iran all but closed the Strait of Hormuz to shipping.

"We just made a great settlement of the war with Iran," Trump told reporters at the White House on Thursday.

"The strait will officially open as soon as we sign, which could be soon, very soon, maybe over the weekend in Europe," he said, adding that Vice President JD Vance would attend the deal signing.

Asked if Iran's Supreme Leader Ayatollah Mojtaba Khamenei had approved the deal, Trump said, "I understand the answer is yes."

Since mid-March, President Trump has repeatedly claimed ⁠a deal with Iran to end the war was close. The two sides have traded strikes this week, straining a ceasefire announced in April.

Iranian media reported Foreign Ministry spokesperson Esmaeil Baghaei as saying large parts of the agreement have been finalized, but Iran would not compromise on its red lines.

"We have not reached a final conclusion on this matter," he said. "This is a very important issue that is currently being reviewed by the relevant decision-making bodies."

Earlier on Thursday, Trump said the United States would hit Iran "very hard tonight" and ⁠wanted eventually to take its oil infrastructure hub, Kharg Island.

The conflict has become a political headache for the White House, with polls showing Trump's approval ratings sinking amid voter anger over high gasoline prices.

Some Republicans have openly worried that the war's unpopularity could cost them control of Congress in November's midterm elections.

But Trump's political considerations also include satisfying Iran hawks within his Republican Party, who ⁠scuttled a prior effort, that any agreement closes Tehran's path to developing a nuclear weapon.
The reaction of other Middle East powers will also be crucial.

Trump said on social media the agreement had been approved by countries including Israel, Saudi Arabia, Qatar and the United Arab Emirates.

Source: Reuters



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