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macroJun 11, 2026, 8:27 PM

Trump Says Iran Deal Approved by Supreme Leader, Signing 'Coming Soon'

President Trump announced that Iran's Supreme Leader has approved a US-Iran deal, with details including the lifting of the US naval blockade, a memorandum of understanding, and the shelving of the Kharg Island operation. US oil prices extended losses on the news.

CLUSOIL

President Donald Trump stated that Iran's Supreme Leader has approved a deal between the US and Iran, and a signing is expected "coming soon."

Key details from Trump's announcement:

  • The US naval blockade will be lifted once the deal is signed.
  • A Memorandum of Understanding has been approved by everyone in Iran.
  • The Kharg Island operation by the US military is now off the table.
  • A formal Strait of Hormuz reopening deal is expected as early as Saturday or Monday.

Trump declined to set a deadline, calling Iran "rational and confident" that a deal will be reached. In response, US oil prices extended losses.

Source: The Kobeissi Letter