US and Iran Said to Be Finalizing War-Ending Deal

President Trump declared Saturday that an agreement between the US and Iran has been “largely negotiated” and will be announced shortly, including the reopening of the Strait of Hormuz. Iranian officials confirmed movement toward a memorandum of understanding, though they stated that nuclear issues remain off the table for now, to be handled in a subsequent 30-60 day negotiation window. Israel, largely excluded from the talks, views the emerging terms as deeply problematic. Trump told Axios there remains a “solid 50/50” chance the war resumes instead.