The Associated Press

· Posted: May 23, 2026 5:06 PM EDT | Last Updated: 2 hours ago

U.S. President Donald Trump said Saturday that a deal with Iran, including reopening the Strait of Hormuz, has been "largely negotiated" after calls with Israel and other allies in the region.

"Final aspects and details of the Deal are currently being discussed, and will be announced shortly," Trump said on social media, with no details on timing.

He said he had spoken with leaders from Saudi Arabia, the United Arab Emirates, Qatar, Pakistan, Turkey, Egypt, Jordan and Bahrain, along with Israel.

He described it as a "Memorandum of Understanding pertaining to PEACE" that still must be finalized by the United States, Iran and the other countries that participated in Saturday's talks.

However, shortly after Trump's post, Iran's Fars news ⁠agency disputed the claim and said the Strait of Hormuz would stay under Iran's control, according to the latest exchanged text between the two countries.

Furthermore, Fars called Trump's characterization that deal was close to the finish line "inconsistent with reality."

The Strait of Hormuz, through which around 20 per cent of the world's oil is shipped, was effectively closed by Tehran after the U.S. and Israel attacked Iran in February. The parties have been negotiating to secure a permanent end to the fighting ever since a ceasefire agreement was reached in April.

Trump has reiterated threats to resume full-scale bombing of Iran if it does not accept an agreement to reopen the Strait of Hormuz and roll back its nuclear program.

Iran, meanwhile, wants an end to the fighting on all fronts, including in Lebanon, where Israel is fighting the Tehran-backed Hezbollah militant group; to ensure the security of shipping through the Strait of Hormuz; and to safeguard their enriched uranium stockpile and nuclear program.

Trump's post did not mention Iran's nuclear program or the Lebanon front.