President Donald Trump announced Saturday that the U.S. and Iran are close to a deal to end the war [1].

The agreement is critical because it aims to reopen the Strait of Hormuz, one of the world's most important oil routes, and reduce the risk of a wider regional conflict [2].

Trump said on social media that a deal to end the war with Iran will be announced shortly [3]. He said that the terms are largely negotiated, though some final details remain under discussion [4]. According to the president, the agreement will include opening the Strait of Hormuz [5].

Other details emerging from the negotiations suggest a phased approach to peace. Simon Mabon, a political scientist at LAN, said the proposed agreement includes a 60-day ceasefire extension [6]. This extension would serve as a buffer while the two nations finalize the broader terms of the conflict's end [6].

Despite the president's optimism, some discrepancies remain regarding the exact nature of the pact. American and Iranian officials have described the terms differently, indicating disagreement on certain specifics [7]. While Trump said the deal is nearly ready, other reports suggest that the ongoing discussions over final details mean the agreement is not yet ready for a formal public announcement [8].

Washington and Tehran have been negotiating the status of the broader war zone and the strategic maritime corridor for several weeks [2]. The reopening of the Strait is seen as a primary objective for stabilizing global energy markets, and easing military tensions in the region [2].

"A deal to end the war with Iran will be announced shortly."

The potential reopening of the Strait of Hormuz represents a significant shift in geopolitical stability, as the corridor is vital for global oil shipments. While the 60-day ceasefire extension provides a diplomatic window, the reported contradictions between U.S. and Iranian officials suggest that the transition from a ceasefire to a permanent peace treaty may face remaining hurdles over specific security or political guarantees.