Speaking to reporters at the White House, Trump said the U.S. had "just made a great settlement of the war with Iran," announcing that he had canceled planned strikes against Tehran.
"We have a signing soon and the documents are in pretty final shape, so we'll see," he added.
Trump also said that Vice President JD Vance would travel to Europe for the signing, while the president remains at the White House, where he is scheduled to host UFC Freedom 250 on the South Lawn on Sunday to celebrate his 80th birthday.
Describing the agreement as a major step toward ending months of conflict in the Middle East, Trump said the most important part of the deal is a commitment that Iran would neither develop nor acquire nuclear weapons.
"We have a deal that Iran will never have a nuclear weapon, which was the whole purpose of what we had to go through to get this. So, it's a very big thing," he said, adding that the agreement would also include the reopening of the Strait of Hormuz, a critical chokepoint for roughly one-fifth of the world's oil supply.
Contrary to Trump's claims, Foreign Ministry spokesperson Esmaeil Baghaei said that while both sides have made some progress in negotiations, no final decision has been reached.
He said several key issues remain unresolved including sanctions relief and access to frozen Iranian assets, vowing that Tehran will not compromise on its core demands.
Countries that rely on the strait for energy shipments including South Korea, are closely watching developments, hoping that a possible final deal after months of conflict and repeated fragile ceasefires will help stabilize global energy supply chains.
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