HUGE: President Trump Announces “Settlement” of War With Iran, Could Be Signed This Weekend

It looks like the war with Iran is nearing a swift and final end!

From the Oval Office, President Trump just announced that a “great settlement” has been reached with Iran.

Next, Vice President JD Vance will likely travel to Europe, where the deal could be signed as soon as this weekend.

Watch this:

🚨 BREAKING: PRESIDENT TRUMP SAYS IRAN WAR IS SETTLED, signing may take place in EUROPE to make it official

Pray for peace! 🙏🏻

"A big day. I know you'll never be satisfied, but that's okay. It doesn't bother me at all. We just made a great settlement of the war with Iran, and… pic.twitter.com/PnhbNYr0J4

— Eric Daugherty (@EricLDaugh) June 11, 2026

BREAKING: PRESIDENT TRUMP SAYS IRAN WAR IS SETTLED, signing may take place in EUROPE to make it official

Pray for peace! 🙏🏻

“A big day. I know you’ll never be satisfied, but that’s okay. It doesn’t bother me at all. We just made a great settlement of the war with Iran, and we’re going to be subject to finalization of documents.”

“We should get done over the next few days. Probably have a signing maybe in Europe, and it’s a great thing.”

“Stock market’s up 1,000 points. That means they like the deal! Oil’s dropped, it will start coming down EVEN LOWER than it was before!”

President Trump’s announcement of a deal comes after he called off planned strikes on Iran earlier today.

We covered that further here:

BREAKING: President Trump CANCELS Planned Attack On Iran, Cites Peace Talk Progress

Most notably, the deal includes President Trump's number one condition for ending the war -- that is, that Iran agrees to no nukes, making the whole world a safer place!

Here's a helpful breakdown of everything we know about the settlement with Iran so far:

President Trump's announced deal with Iran (as of June 11, 2026):

• Status: Trump stated that discussions reached Iran's highest leadership level (Supreme Leader Mojtaba Khamenei), with final points and concepts approved by "all parties." He believes Khamenei has approved it.
• Key Actions:
  • Trump canceled scheduled U.S. strikes/bombings on Iran.
  • Naval blockade remains in effect until the deal is finalized.
  • U.S. strikes on Iran were called off due to progress on the peace deal.
• Main Provisions (per Trump's statements):
  • Opens the Strait of Hormuz.
  • Lifts the U.S. blockade on Iranian ports.
• Description: Trump called it a "very strong memorandum of understanding" — somewhat conceptual but expected to be completed soon. A time and place for signing will be announced shortly.
• Context: Follows recent U.S. strikes, Iranian missile/drone activity, and regional tensions. Other involved parties reportedly include Israel, Saudi Arabia, UAE, Qatar, Turkey, Pakistan, and several Gulf/Arab states.

Note: Iranian officials/sources have issued warnings and some denials of active talks, indicating the deal remains in early/fragile stages.

In the clearest sign that this is the real deal, President Trump signaled that the new Iranian Supreme leader has personally approved the terms.

Here's a clip of what he told reporters in the Oval Office:

🚨 JUST IN: President Trump says he is "VERY CONFIDENT" that this deal WILL go through, and the Supreme Leader of Iran has PERSONALLY approved it

The US naval blockade will IMMEDIATELY be lifted as soon as the peace agreement is signed.

"Iran will NOT have a nuclear weapon.… pic.twitter.com/ZfFRR5ZjAC

— Nick Sortor (@nicksortor) June 11, 2026

JUST IN: President Trump says he is "VERY CONFIDENT" that this deal WILL go through, and the Supreme Leader of Iran has PERSONALLY approved it

The US naval blockade will IMMEDIATELY be lifted as soon as the peace agreement is signed.

"Iran will NOT have a nuclear weapon. They've agreed to that."

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"They will not only not have, they will not purchase, develop in any way, shape or form a nuclear weapon. They will NOT have a nuclear weapon."

"It'll be SOON. Maybe this weekend!"

"Oil prices dropping like a rock..."

Sounds wonderful, doesn't it?

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After months of Panicans and the media's fear-mongering, we could see gas prices plunge to a historic low once this deal is finalized.

The markets are already reacting to the news of an impending deal, per The New York Post:

US stocks roared back Thursday as President Trump called off impending strikes on Iran – allowing chip stocks to rebound following intense declines over the past few weeks.

The Dow Jones Industrial Average soared 929 points, or 1.9%, while the S&P 500 and Nasdaq rose 1.8% and 2.5%, respectively.

“Based on the fact that discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved, I have, as President of the United States of America, cancelled the scheduled strikes and bombings against Iran this evening,” Trump wrote in a Truth Social post.

He added that discussions have been “approved by all parties involved, including the United States, Israel, Saudi Arabia, UAE, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan, Egypt, and others.”

The president on Thursday told The Post that the long-awaited agreement to reopen the Strait of Hormuz and begin nuclear negotiations with Tehran is “pretty much all wrapped up.”

Brent crude oil prices fell 2.9% to $90.38 a barrel, while West Texas Intermediate dipped 2.6% to $87.71 a barrel.

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National average gasoline prices, which lag oil prices by a few weeks, hit $4.13 a gallon on Thursday, according to AAA – down from a week ago but still nearly 40% higher than pre-war prices.

We'll continue to bring you the latest updates on the peace progress with Iran...

It's not over until it's over. But it truly looks like this may be it, folks.

Iran is out of leverage. They have no other options, at this point.

So, buckle up and get ready for cheap gas!

Fox News provided more coverage on the plunging oil prices we are already beginning to see:

🚨 NOW: Oil prices are PLUNGING multiple points on President Trump calling off Iran strikes after forcing the mullahs closer to a deal

KHARG ISLAND could still be seized if they flake on peace talks again!

Trump says a deal signing time and location will be announced SOON, and… pic.twitter.com/WZKAL06Tu5

— Eric Daugherty (@EricLDaugh) June 11, 2026