On Thursday, from the Oval Office, U.S. President Donald Trump announced that a "significant pact" had been reached with Iran, aiming to conclude the ongoing conflict. He mentioned that the agreement is expected to be signed in the coming days, potentially in Europe.
"We've just achieved a major deal to end the war with Iran, and pending the finalization of the documents, which should be completed soon, we anticipate a signing, perhaps in Europe," Trump told reporters.
The president highlighted the agreement's primary focus: Iran's commitment to renouncing nuclear weapons. "The key takeaway is that we have secured a deal where Iran will never possess a nuclear weapon, which was our primary goal through all the efforts we endured to achieve this. It's a very significant accomplishment," he stated.
Trump mentioned that Vice President JD Vance would sign the document on behalf of the United States, with the ceremony likely to occur "this weekend in Europe."
The announcement came shortly after Trump called off scheduled strikes on Iran, following his post on Truth Social indicating that discussions had been "elevated to the highest level of Iranian leadership."
When asked by a journalist if Iran's Supreme Leader Mojtaba Khamenei had endorsed the agreement, Trump replied, "I understand the answer is yes."
Additionally, Trump announced that the Strait of Hormuz would reopen once the document is signed, though the naval blockade on Iran would remain in place until then. "The strait will officially open once we sign, which could happen very soon," he assured.
The agreement has garnered support from over a dozen nations, including Israel, Saudi Arabia, the United Arab Emirates, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan, and Egypt.
The financial markets responded swiftly: the stock market surged by 1,000 points, and oil prices dropped. "That indicates they favor the deal," Trump commented, adding that oil prices could potentially fall below pre-conflict levels.
This development followed unprecedented escalation. On Wednesday, the U.S. Central Command launched a second wave of airstrikes against Iranian targets, to which Tehran retaliated by striking 18 targets in U.S. military bases in Bahrain and Kuwait, deploying drones against the Fifth Fleet, and announcing a complete closure of the Strait of Hormuz, a crucial route for over 20% of the world's oil supply.
However, Iran has not confirmed the deal. The Fars News Agency, citing a source close to the Iranian negotiating team, denied the existence of an initial memorandum of understanding.
The EFE news agency reported that Tehran declared there is still no "final conclusion" on a pact with Washington, a contradiction that has recurred throughout the negotiation process of 2026.
The conflict traces back to "Operation Midnight Hammer" on June 22, 2025, when the U.S. targeted Iranian nuclear facilities with B-2 Spirit bombers, followed by a joint operation with Israel in February 2026 against Fordow, Natanz, and Isfahan. Iran suspended negotiations on June 1, citing Israeli attacks in Lebanon as violations of the ceasefire terms agreed upon in April.
Key Details on the U.S.-Iran Agreement
What is the main focus of the U.S.-Iran agreement?
The primary focus of the agreement is Iran's commitment to renouncing nuclear weapons, ensuring they will never possess nuclear arms.
Who will sign the agreement on behalf of the United States?
Vice President JD Vance is expected to sign the document on behalf of the United States.
What are the implications for the Strait of Hormuz?
The Strait of Hormuz is set to reopen once the agreement is signed, although the naval blockade on Iran will remain until the signing.