President Donald Trump said on Thursday that negotiations with Iran had reached a breakthrough and that he expected there to be a signing, possibly in Europe, in the coming days. With the diplomatic developments, Trump said he would cancel planned strikes against Iran, and call off an operation to take control of Kharg Island.

“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 posted on Truth Social.

In the Oval Office, the president said the deal was “in pretty final shape” and predicted that it would “get done over the next few days.” He also claimed that the agreement would ultimately deliver on his assurance that Iran would be prevented from having nuclear weapons and open up the Strait of Hormuz.

“The signing of the agreement will be in Europe, perhaps during the weekend,” Trump told reporters in the Oval Office on Thursday afternoon. “I won’t be able to be there, but Vice President [JD] Vance and the [White House special] envoy [Steve] Witkoff will.”

Trump also said that Iran’s supreme leader had approved the deal. However, Iranian state media and a spokesperson for Iran’s foreign ministry have reportedly asserted that Trump’s claims that Iranian leadership had provided approval are “speculative” and that “nothing has been finalized.” 

The president spoke with the Emir of Qatar following the announcement and also with Israeli Prime Minister Benjamin Netanyahu. Reports indicated that Netanyahu was initially surprised by the statement. However, after the conversation between the two leaders, the Prime Minister’s Office said that Netanyahu “expressed his appreciation” for the framework and the inclusion of key objectives related to Iran’s nuclear program and support for terrorism. 

The U.S. and Iran have reportedly closed vital gaps on three main issues that have prolonged diplomatic efforts, including the protocol for releasing Iranian frozen assets, reopening the Strait of Hormuz, and negotiations over Iran’s nuclear program. 

The announcement came after two days of tit-for-tat strikes between the U.S. and Iran. Earlier on Thursday, Trump warned that the U.S. would hit Iran “VERY HARD TONIGHT” and threatened to seize Kharg Island, which handles roughly 90% of Iran’s oil exports.