WASHINGTON D.C June 11. 2026 — President Donald Trump announced Thursday that the United States has secured a “great settlement” with Iran to end months of conflict, canceling scheduled military strikes and expressing optimism that formal documents could be signed within days.
Speaking to reporters in the Oval Office, Trump said: “We just made a great settlement of the war with Iran, and we’re going to be subject to finalization of documents, which should get done over the next few days.” He added that the agreement includes Iran committing not to develop nuclear weapons and that the Strait of Hormuz would reopen once finalized, potentially as soon as this weekend in Europe.
The announcement followed Trump’s earlier social media post stating he had called off strikes after discussions reached the “highest level of Iranian leadership” and received approval from multiple parties, including Israel and Gulf states. The naval blockade of Iranian ports will remain in place until the deal is signed.
Iranian officials pushed back against the claims. State media described reports of a finalized deal as “speculative,” with nothing concluded. Tehran has repeatedly emphasized that any agreement must address its demands, including full control over the Strait of Hormuz, release of frozen funds, and no major nuclear concessions.
The conflict erupted in late February 2026 with US and Israeli strikes on Iranian nuclear sites and leadership targets. It escalated through exchanges involving the Strait of Hormuz blockade — which disrupted global oil flows — retaliatory missile attacks, and fragile ceasefires. Multiple rounds of talks, mediated by countries including Pakistan and Qatar, have produced temporary extensions but no permanent resolution.
This is not the first time Trump has signaled an imminent end to hostilities. Analysts and observers on social media noted the pattern of optimistic announcements followed by continued tensions, with some calling it the latest in a series of similar declarations.
Oil prices reacted with volatility to the news, as traders weighed the potential reopening of the Strait against ongoing uncertainties. Markets saw brief gains following the cancellation of strikes.
Israeli Prime Minister Benjamin Netanyahu’s office indicated Israel is “not a party” to the specific US-Iran memorandum of understanding, highlighting divisions even among allies.
While Trump described the framework as largely negotiated, including provisions for destroying highly enriched uranium, significant hurdles remain. No independent verification of a binding agreement has emerged, and the naval blockade persists.
The development comes amid broader regional strains, with questions lingering over enforcement, sanctions relief, and long-term stability in the Gulf. Further updates are expected as parties clarify positions in the coming days.
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