World

Trump Says a US-Iran Deal Could Be Signed This Weekend

By Mike Harper · June 12, 2026

Iran closed the Strait of Hormuz to commercial shipping early Thursday morning. Trump says a deal could be signed by Saturday.

Trump told reporters Thursday that a framework agreement with Iran — reportedly a 60-day memorandum of understanding involving phased sanctions relief and nuclear inspections — could be finalized as soon as this weekend. The claim came hours after Iran’s Revolutionary Guard Corps declared the strait shut to all traffic in response to two consecutive nights of US strikes on Iranian military targets.

“We’re very close. It could be signed this weekend. Could be Saturday, could be Sunday. We’ll see.”

He has said versions of this before. On May 26, Secretary of State Marco Rubio said a deal was “a few days away.” On June 9, Trump said it was “two to three days away.” Each time, the timeline passed without an agreement.

What is different now is that the Strait of Hormuz — the waterway through which 20% of the world’s seaborne oil moves — is formally closed rather than partially disrupted. Brent crude hit $91.10 per barrel Wednesday before the closure was announced. The economic pressure on both sides has intensified to a point where the cost of not reaching an agreement is measured in real-time damage to global energy markets.

The reported framework involves a 60-day memorandum of understanding in which Iran would agree to inspections of its nuclear facilities and a partial reopening of the strait, while the US would begin phased sanctions relief and pause offensive military operations. The specific sequencing dispute that has blocked every prior round of talks — whether the strait reopens before or after a formal agreement is signed — remains the central sticking point.

The war is in its 105th day. Gas nationally is $4.55 and rising. The strait is closed. Trump says Saturday.