Iran US Israel war Live Updates: Iran US MoU Will End War In All Fronts, Including Lebanon, Araghchi Says

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US President Donald Trump said that a deal to end the war with Iran is nearly complete and is expected to be signed over the weekend in Europe, as he called off military strikes on the Islamic Republic hours after threatening to take control of its oil industry.

Trump, speaking to reporters at the Oval office on Thursday afternoon, said Vice President J D Vance is expected to attend the signing ceremony which could take place in Europe as soon as this weekend.

The US president said he has spoken to leaders of Middle Eastern countries, including Qatar, the UAE, Saudi Arabia, Bahrain, Kuwait and Pakistan, regarding the latest round of negotiations.

Later, addressing a tele-rally in favour of Georgia Lt Governor Burt Jones, who is running for the post of Governor, Trump declared that the US has ended the war with Iran.

“I don’t know if you heard, but we ended the war with Iran today (Thursday), and they have agreed never to have a nuclear weapon, something that we insisted on. That was the whole purpose,” Trump said.

Earlier, at the Oval Office, Trump said that the stock market “likes the deal” and there would be a signing quickly. He said the Strait of Hormuz would reopen once the agreement is finalised.

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Elizabeth Lopez combines sharp analytical skills with a deep understanding of global markets. With years of experience in financial journalism, she covers business strategies, market movements, and the intersection of finance and technology. Her articles at Muscat Chronicle aim to empower readers with the knowledge to make smarter financial decisions. Elizabeth believes in demystifying finance and presenting it in a clear, approachable way. Outside of writing, she’s passionate about women’s empowerment in business leadership.