Trump cancels Iran strikes and signals imminent deal, but Tehran says no final decision has been made

President Trump said Thursday that the US had "ended the war with Iran," describing the prospective agreement as a "great settlement" and saying Vice President JD Vance could attend a signing ceremony in Europe within days. The rapid sequence of events — overnight Tomahawk missile and fighter jet strikes on Iranian targets, followed within hours by a canceled follow-on strike and announcement of a tentative deal — was itself the subject of divergent interpretations across the coverage.

Three sources told CNN the signing ceremony would most likely be held in Geneva, Switzerland, and a person familiar with the plans said it could occur as early as Sunday. The draft agreement, per a diplomat briefed on talks, would establish a 60-day ceasefire on all fronts including Lebanon, reopen the Strait of Hormuz, lift the US blockade of Iranian ports, and lay groundwork for nuclear negotiations. The document is being called the "Islamabad Agreement," recognizing Pakistan's mediating role, according to multiple sources. However, the diplomat noted the text had not yet received final signoff, and Iran's foreign ministry continued to publicly deny an agreement had been reached.

Iranian state media presented a different picture of the draft terms. Iran's state news agency IRNA reported the memorandum addresses $24 billion in frozen Iranian assets — half due immediately upon signing — along with a reconstruction plan of at least $300 billion, and a "definitive removal" of Iran's ballistic missile program and proxies from the text. The Iranian outlet Tasnim, linked to the Revolutionary Guards, said the document "still requires review and finalization." A senior Iranian lawmaker called Trump's announcement potentially deceptive. Israeli Prime Minister Benjamin Netanyahu, who according to a CNN source was surprised by Trump's announcement, subsequently issued a statement saying Trump committed to removing Iran's enriched uranium, dismantling its nuclear program, limiting its missiles, and ending proxy support — commitments Trump had not publicly detailed.