President Donald Trump announced Sunday that a deal with Iran is "imminent," citing appeals from regional leaders for calling off a planned weekend strike against the country. Negotiations between the U.S. and Iran are scheduled to resume on Monday, according to the President.

Trump stated that Saudi Arabia, the UAE, and Qatar, along with Iran itself, had requested the postponement of military operations. He indicated that the potential agreement is related to the Strait of Hormuz and the "denuclearization of Iran." The President added that the U.S. remains prepared to resume strikes if necessary.

These developments follow a period of heightened tension and exchanged strikes, with the Strait of Hormuz serving as a primary flashpoint. U.S. and Iranian delegations had entered negotiations in June aimed at a war-ending agreement, based on a prior memorandum of understanding. Despite these talks, military exchanges have persisted.

Earlier on Sunday, Iranian Foreign Minister Abbas Araghchi reported that negotiations with Oman concerning the Strait of Hormuz were in their "final stages" and nearing finalization. State media quoted Araghchi as providing an update on these talks, suggesting progress towards a resolution on the critical waterway.

Late Saturday, Iranian state media also reported that Foreign Minister Araghchi had engaged in phone calls with senior officials from Pakistan, Turkey, and Saudi Arabia. During these conversations, he reportedly warned against renewed U.S. military action and threatened consequences should strikes resume. These calls occurred prior to Trump's announcement of cancelled strikes.

President Iran's future will be shaped by Iranians, President Pezeshkian says, according to a statement attributed to him on August 1st. This underscores a perspective from the Iranian leadership that emphasizes national self-determination amidst the ongoing diplomatic and military tensions.

The U.S. initiated major combat operations against Iran on February 28th, involving significant joint strikes targeting military, government, and infrastructure sites. The subsequent diplomatic efforts, including the June negotiations, represent an attempt to de-escalate the conflict and reach a comprehensive agreement.

While the prospect of an imminent deal offers a potential pathway to peace, the continued exchange of strikes and the strategic importance of the Strait of Hormuz highlight the fragile nature of the situation. The resumption of negotiations on Monday will be closely watched for signs of concrete progress towards resolving the deep-seated issues between the two nations.