Has US-Iran war finally ended? Trump says Tehran agreed on nuclear issue, final points approved by all parties

US President Donald Trump on Thursday claimed that the United States had "ended the war" with Iran and said Tehran had agreed never to develop a nuclear weapon.

"I don't know if you heard, but we ended the war with Iran today," Trump said during a tele-rally for Georgia Lieutenant Governor Burt Jones, who is running for governor.

"They have agreed never to have a nuclear weapon, something that we insisted on; that was the whole purpose. That was 95% of it," he said.

Trump's remarks came hours after he announced on his Truth Social platform that he had cancelled planned military strikes against Iran, saying discussions with the Islamic Republic had reached the highest level of Iranian leadership and that the broad contours of an agreement had been approved.

"Discussions and final points have been, in both concept and great detail, approved by all parties involved," Trump said, listing the United States, Israel and several West Asian countries among those backing the arrangement.

“The Naval Blockade will remain in full force and effect until this Transaction is finalized — Time and place of the signing to be announced shortly,” he added.

However, Iran did not confirm that a final deal had been reached.

Iranian Foreign Ministry spokesperson Esmail Baghaei said mediators were actively engaged and that nothing had been finalised to end the conflict, which began on February 28 following joint US-Israeli attacks on Iran.

In remarks carried on Iranian state television, Baghaei said the text of a deal was "mostly finalised" but stopped short of confirming an agreement.

Israeli Prime Minister Benjamin Netanyahu's office said Israel was not a party to the emerging understanding between Washington and Tehran.

Trump has repeatedly said in recent weeks that the warring sides were close to an agreement, though previous efforts had failed to produce a breakthrough.

The latest developments came after two days of tit-for-tat attacks between the US and Iran tested the fragile ceasefire agreement.

The United States and Israel have long argued that Tehran's nuclear activities could lead to the development of atomic weapons, a charge Iran denies, insisting its programme is intended solely for peaceful purposes.

Another key issue is the control of Strait of Hormuz, through which a significant portion of the world's oil and natural gas supplies pass.

US stocks posted their strongest gains in two months, while oil prices declined amid hopes that tensions in the region could ease and shipping through the Strait of Hormuz could resume without disruption.

The S&P 500 rose 1.8%, the Dow Jones Industrial Average jumped 929 points, or 1.9%, and the Nasdaq Composite advanced 2.5%.

Benchmark US crude fell 2.6% to USD 87.71 a barrel, while Brent crude, the global benchmark, dropped 2.9% to USD 90.38 a barrel, though both remained well above pre-conflict levels.