President Donald Trump announced a deal to end the war with Iran and reopen the strategically vital Strait of Hormuz on Saturday evening [2].

The agreement seeks to resolve long-standing hostilities between the two nations and restore maritime traffic to one of the world's most critical oil transit chokepoints.

Trump spoke from the Chippewa Valley Regional Airport in Eau Claire, Wisconsin, where he said that the U.S. and Iran are very close to a deal [2]. This announcement comes only days after Iran said it was breaking off talks [2].

Despite those conflicting reports, diplomatic activity continued in Europe. Vice President JD Vance met with top Iranian officials in Switzerland on Sunday to discuss the specific details of the agreement [1, 3].

"We are meeting with Iranian officials to discuss the details of the agreement," Vance said [1].

While Trump highlighted the proximity of a final deal, other reports suggest a more cautious approach. Some accounts indicate that talks remain constructive and that the U.S. does not want to rush into a final agreement [2].

Stephen Carney said that the agreement exceeded his expectations [3]. The shift in diplomatic momentum follows a period of volatility in the region, where the closure of the Strait of Hormuz had threatened global energy security.

"We are very close to a deal," Trump said [2].

"We are very close to a deal."

The sudden announcement of a deal, contrasted with Iran's previous claim of breaking off negotiations, suggests a high-stakes diplomatic pivot. If successful, the reopening of the Strait of Hormuz would significantly lower the risk of a global energy crisis and mark a fundamental shift in U.S. foreign policy toward Tehran.