Peace deal to end US-Iran war and reopen Strait of Hormuz 'largely negotiated', says Trump

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"Final aspects and details of the Deal are currently being discussed, and will be announced shortly," Mr Trump wrote on Truth Social.

Mr Trump posted the announcement after separate calls with the leaders of Muslim-majority nations and Israeli Prime Minister Benjamin Netanyahu.

The US President added that "in addition to many other elements of the Agreement, the Strait of Hormuz will be opened".

Earlier on Saturday, Iran, the US and mediator Pakistan said progress had been made in talks aimed at ending the conflict, with Donald Trump claiming negotiators were “getting a lot closer” to a deal.

Iran and Pakistan have reportedly submitted a revised proposal to the United States, according to Reuters.

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A US response is expected by Sunday, the sources said, with Mr Trump reportedly due to speak by phone with leaders from Saudi Arabia, Qatar, the UAE, Jordan, Egypt, Turkey and Pakistan.

It comes after the US President said discussions were moving forward as senior officials on both sides signalled that work on a draft agreement was continuing.

US Secretary of State Marco Rubio told reporters on Saturday: “Even as I speak to you now, there’s some work being done. There is a chance that, whether it’s later today, tomorrow, in a couple days, we may have something to say.”

Speaking to reporters, Mr Trump said he had seen a draft agreement but would not say whether it was good enough.

The US president said negotiators were "getting a lot closer" to reaching an agreement – before stating later: "Either we reach a good deal ​or I'll blow them to a ​thousand hells."

He repeated Washington’s position that Iran must never be allowed to acquire a nuclear weapon, and said Tehran’s enriched uranium would need to be “satisfactorily handled”.

“I will only sign a deal where we get everything we want,” he said.

Iran also pointed to movement in the talks, while cautioning that key differences remain.

Foreign Ministry spokesperson Esmail Baghaei said: “The trend this week has been towards a reduction in disputes, but there are still issues that need to be discussed through mediators.

“We will have to wait and see where the situation ends in the next three or four days.”

Iranian state television quoted Baghaei as saying the latest draft provides a “framework” for a future settlement.

He said the proposal should cover the main issues needed to end what Tehran called the “imposed war”, with further talks expected over the next 30 to 60 days before any final agreement is reached.

The comments come after Mr Trump confirmed he will miss his son's wedding after admitting the timing is "not good" due to a "thing called Iran and other things".

The US President also described Donald Trump Junior as a "very good person I've known for a long time" ahead of the celebration this weekend.

He told reporters at the White House on Thursday evening: "He'd like me to go, but it's just going to be a small little private affair.

"I am going to try and make it. I said this is not good timing for me.

"I have a thing called Iran and other things. That is one I can't win on, If I do attend, I get killed. If I don't attend, I get killed, by the fake news of course I'm talking about.

"He's got a very good person I've known for a long time. Hopefully they're going to have a great marriage."

But around 24 hours later, the president told followers on Truth Social that he would be unable to attend.

He wrote: "While I very much wanted to be with my son, Don Jr., and the newest member of the Trump Family, his soon to be wife, Bettina, circumstances pertaining to Government, and my love for the United States of America, do not allow me to do so.

"I feel it is important for me to remain in Washington, D.C., at the White House during this important period of time. Congratulations to Don and Bettina! President DONALD J. TRUMP."

Trump Jnr, 48, will tie the knot with Bettina Anderson, 39, in the Bahamas on Saturday in front of a group of around 50 friends and family.

The US and Iran are still on fragile ground while the Strait of Hormuz remains effectively closed as a result of the conflict and stand-off, sending energy prices soaring and hammering the global economy.On Friday, US Secretary of State Marco Rubio said that discussions aimed at halting the conflict with Iran have shown "some slight progress".

However hours earlier, Iran's Revolutionary Guard threatened "war beyond the region" if the US launches further strikes.

The IRGC said in a statement: "We have not yet deployed all the capacities of the Islamic Revolution against them.

"But now, if aggression against Iran is repeated, the promised regional war will this time extend beyond the region, and our crushing blows in places you do not expect will bring you to utter ruin."

The comments came on the same day the president suggested he could still be in power in 2032.

During an address at the US Coast Guard Academy's 145th graduating class at Cadet Memorial Field, he spoke of ordering 11 icebreaker ships while working with Finland to learn everything they can to eventually build the ships themselves.

He said: "We're making, right now, currently under construction, we have 11. Beautiful.

"And I said, 'Come on, when's the first one coming?' They said, 'In 28'. I said, 'I'm going to be here in 28'.

"Maybe I'll be here in 32, too. I don't know. Maybe I will. But I'm going to be here in 28. And I'll tell you, I say, that's great, because I'm going to be there."