President Donald Trump says the U.S. is close to signing a deal with Iran to wind down the war, with a memorandum of understanding to be signed in Europe as soon as this weekend

Iran peace talks on ‘Special Report.’ President Donald Trump announces a "very strong" memorandum of understanding has been reached with Iran, aiming to prevent the country from acquiring nuclear weapons.

A woman holds an image of Iran's Supreme Leader, Mojtaba Khamenei, during an anti-U.S. and Israeli rally after Iran's missile attack on Israel, in Tehran, Iran, June 7, 2026. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS WASHINGTON,

President Trump says a ‘great settlement’ could end the war with Iran and open Strait of Hormuz, suggesting it would be finalized soon. Preparations continue for Trump’s UFC fight on the White House South Lawn.

A deal would see a reopening of the Strait of Hormuz in 30 days but the Iranian nuclear threat postponed for future negotiations.

President Donald Trump said the U.S. is close to signing a deal with Iran to wind down the war, with a memorandum of understanding to be signed in the coming days. But some of the key objectives Trump laid out for the conflict seem to remain unfulfilled.

President Trump is disputing Iran's terms to end the war, saying they are not what was agreed to in writing. He announced progress toward a deal yesterday, with a signing over the next few days. Taurean Small is at the White House with the latest.

Stock futures were up after all three major indexes recorded their largest one-day percentage gain since early April in the previous session.