Key facts
- President Trump announced a tentative settlement with Iran to end the Middle East war, potentially to be signed this weekend.
- The agreement aims to prevent Iran from acquiring nuclear weapons.
- Trump stated the Strait of Hormuz will be toll-free and fully open upon finalization of the deal.
- Iranian officials have downplayed immediate signing prospects, citing American "changing positions."
- European officials remain wary of committing ships to the Strait of Hormuz.
- The deal does not include a $300 billion investment fund.
President Donald Trump announced that a "great settlement" has been reached with Iran to end the Middle East war, with an agreement potentially signed in Europe as early as this weekend. Trump stated that the deal, described as a "strong memorandum of understanding," ensures Iran will not acquire nuclear weapons and that the Strait of Hormuz will be toll-free and fully open upon finalization.