Ex-CIA director David Petraeus said that an initial successful peace deal with Tehran would see the Strait opened without any conditions.

Washington says a new Iran framework is “95% complete,” while President Masoud Pezeshkian claims Tehran is “not seeking nuclear weapons” as final negotiations continue over uranium stockpiles and the Strait of Hormuz.

Negotiations are "in a very good place," a senior Trump official said, but, a deal to end the Iran war likely will not be signed this weekend.

President Trump said on Saturday that an agreement to end the war was “largely negotiated,” but neither the United States nor Iran released many details of the proposal.

President Donald Trump will hold a call Saturday on the situation with Iran and "leaders from nations including Saudi Arabia, Qatar, the UAE, Egypt, Jordan, Turkey and Pakistan" will join, a regional official told Fox News.

Officials at the highest levels of the Iranian government say they don't know where Mojtaba Khamenei is and have no way to contact him directly, relying instead on a network of couriers.

Trump had said an agreement with Iran to open the Strait of Hormuz, among other issues, was largely negotiated and would be announced soon.

Iran and the United States have signaled they are closing in on an agreement to turn the existing ceasefire that ended weeks of conflict into a more long-lasting settlement.