On June 11, US President Donald Trump announced from the Oval Office that a deal was reached after canceling planned military action against Iran, calling the deal a “great thing”. Trump said the deal could be signed as early as this weekend, likely in Europe, and confirmed that discussions had been brought to the highest level of Iranian leadership and approved.
In a Truth Social statement, Trump listed the parties he said had approved the agreement: the United States, Israel, Saudi Arabia, the UAE, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan, and Egypt. He confirmed that the naval blockade will stay in force until the deal is signed. Trump also stated the Strait of Hormuz will open the moment an agreement is finalised, adding that oil prices would drop significantly as a result.
Trump pointed to a 1,000-point rise in the US stock market as public endorsement of the agreement. “Stock market’s up 1,000 points. That means they like the deal,” he told reporters.
Iran has not confirmed any such agreement. There has been no confirmation from Tehran of the terms Trump gave out or that a deal has been struck. The matter is still under discussion, and awaits official confirmation from the Iranian side and signing of documents.
