President Donald Trump said a peace agreement with Iran has been “largely negotiated” and that he expects to announce a deal shortly, including provisions that could reopen the strategically vital Strait of Hormuz.
In a post on social media on Saturday, Trump said discussions were nearing completion between the United States, Iran, and several other countries involved in ongoing mediation efforts.
“An Agreement has been largely negotiated, subject to finalization between the United States of America, the Islamic Republic of Iran, and the various other Countries,” Trump wrote.
The statement came as diplomatic momentum builds around efforts to formalize a broader settlement following weeks of fragile calm across the region.
Earlier on Saturday, Iranian officials said negotiations with the United States were progressing, with remaining disputes expected to be addressed in later stages of talks.
The discussions are centered on securing a comprehensive end to hostilities across multiple fronts, while also establishing long-term frameworks for regional stability.
A six-week-old ceasefire has largely held after intense fighting earlier in the year, but negotiators are still working to convert it into a durable political agreement.
Regional actors, including Pakistan and several Arab states, have been actively encouraging both sides to broaden the scope of the talks into a more comprehensive peace framework.
Trump met advisers at the White House on Saturday following a series of calls with leaders from key regional powers, including Saudi Arabia, the United Arab Emirates, Qatar, Pakistan, and Turkey, as well as Israeli Prime Minister Benjamin Netanyahu.
He described the discussions as part of a “Memorandum of Understanding pertaining to PEACE,” signaling optimism about a potential breakthrough.
Iranian state media reported that a draft agreement was under review, citing Foreign Ministry spokesperson Esmail Baghaei, who said negotiations had been “moving toward a convergence of views” over the past week.
However, major points of contention remain unresolved, particularly regarding Iran’s nuclear program and sanctions relief.
Iran has insisted that these issues are not currently part of the immediate negotiation agenda, suggesting they may be deferred to later stages of the process.
Another unresolved issue is governance of the Strait of Hormuz, a crucial passageway for global energy shipments that has remained heavily disrupted since the conflict escalated.
Speaking to reporters in India, US Secretary of State Marco Rubio said there had been “some progress” and that an announcement could come within days.
Rubio reiterated Washington’s position that Iran must never acquire nuclear weapons, and called for strict limitations on uranium enrichment.
He also emphasized that maritime traffic through the Strait of Hormuz must remain free and unrestricted, reflecting US priorities in any final agreement.
“The president’s preference is always to solve problems such as these through a negotiated diplomatic solution,” Rubio said.
Iran, meanwhile, has rejected US demands to end uranium enrichment and surrender existing stockpiles, insisting its nuclear program is peaceful.
Tehran has also proposed levying fees on commercial shipping through the Strait of Hormuz, a move likely to face strong opposition from Western powers and Gulf states.
According to Iran’s semi-official Tasnim news agency, Tehran is also demanding the release of a significant portion of its overseas assets as an initial step toward any broader settlement.
The conflict between Israel and the United States on one side and Iran on the other began earlier in the year after air strikes targeted Iranian facilities.
Iran responded with missile and drone attacks on targets across the Persian Gulf and beyond, escalating tensions and causing widespread casualties, particularly in Iran and neighboring Lebanon.
Thousands of people were killed during the escalation, and global energy markets were thrown into turmoil.
Oil prices surged above $100 per barrel, reflecting fears of prolonged instability in one of the world’s most important energy corridors.
Several Gulf states, including the United Arab Emirates, Qatar, and Saudi Arabia, have reportedly urged Trump to allow more time for negotiations rather than escalating military pressure.
The United States president also faces increasing domestic political scrutiny over the conflict, particularly as rising gasoline prices fuel public dissatisfaction ahead of upcoming elections that will determine control of Congress.
Public opposition to renewed military escalation has also grown in the US, with voters expressing concern over economic impacts and the risk of broader regional war.
At the same time, Trump faces pressure from hawkish allies who argue that continued military action is necessary to achieve Washington’s strategic objectives.
Senate Armed Services Committee Chairman Roger Wicker publicly warned against any premature ceasefire, writing on social media that it would undermine military gains.
A final agreement would represent one of the most significant diplomatic breakthroughs in recent years, but analysts caution that major gaps remain between the negotiating parties.
The outcome now depends on whether competing demands over nuclear policy, sanctions, and maritime control can be reconciled in a final framework that satisfies both Tehran and Washington.
For now, officials on all sides appear cautiously optimistic, but acknowledge that a full peace settlement is not yet guaranteed.
