President Donald Trump announced a "great settlement" on Thursday to end the conflict between the U.S., Iran, and Israel [1].

The agreement aims to stabilize global energy markets and regional security by reopening the Strait of Hormuz and halting hostilities in Lebanon [2].

Speaking from the Oval Office in Washington, D.C., Trump said the deal would end the war and restore the vital shipping lane [1]. He said the signing of the agreement could occur within days [1] and may take place as early as the weekend of June 13-14, 2026 [3].

The proposed settlement is intended to prevent further military strikes and resolve the ongoing U.S.-Iran-Israel conflict [4]. Trump said the signing is expected to happen in Europe [1].

However, the announcement has not been met with total consensus. An Iranian official said no deal has been finalized yet [5]. This contradiction suggests that while the U.S. administration sees a path to a signature, the Iranian government may still be negotiating specific terms.

Despite the conflicting reports from Tehran, U.S. officials expressed confidence in the timeline. One U.S. official said, "Time is on our side" [6].

The deal comes amid heightening tensions in the Middle East, where the closure of the Strait of Hormuz has threatened international oil supplies and increased the risk of a wider regional war [4].

“"We have a great settlement that will end the war and reopen the Strait of Hormuz."”

The proposed agreement represents a high-stakes effort to decouple Iranian influence from Lebanese hostilities and secure the Strait of Hormuz, a chokepoint for a significant portion of the world's oil. If finalized, the deal would mark a major diplomatic pivot, though the discrepancy between the White House and Tehran indicates that the final signatures remain contingent on unresolved details.