US, Iran say they have reached deal

US President Donald Trump has said the US reached an agreement with Iran and that the Strait of Hormuz will open.

Trump made the announcement in a social media post on Sunday. He wrote, "The Deal with the Islamic Republic of Iran is now complete." Iran's deputy foreign minister said the text of the memorandum of understanding has been finalized and will be signed in Switzerland on Friday. The minster issued a statement via state-run media on Monday, claiming that Iran achieved major victories in the war.