Trump Says Iran War Deal Is Near as Netanyahu Pushes for Tough Nuclear Terms

President Donald Trump spoke by phone with Israeli Prime Minister Benjamin Netanyahu about a proposed U.S.-Iran memorandum of understanding aimed at ending the current conflict, according to the Israeli Prime Minister’s Office.

Israel is not a party to the proposed memorandum, but Netanyahu welcomed Trump’s commitment that any future final agreement must include serious security demands on Iran. Those terms include the removal of enriched uranium, the dismantling of uranium enrichment infrastructure, limits on missile production, and an end to Tehran’s support for regional proxy forces.

Trump said at the White House that the U.S. had reached what he called a “great settlement” regarding the war with Iran, adding that only final document work remained. He said the deal could be completed within days and may be signed in Europe.

Trump also said the Strait of Hormuz would reopen once the document is signed and that Iran had agreed it would never obtain a nuclear weapon.

Iran, however, pushed back on reports of a set signing time or location. Iranian Foreign Ministry spokesman Esmail Baghaei said Tehran would make an official announcement only after reviewing the text in detail. He said Iran’s decision-making bodies must examine every sentence and every word before any final conclusion.

Baghaei claimed Iran had agreed to large parts of the draft but accused Washington of changing its position repeatedly. He also said Iran was holding firm to its “red lines.”

The reports sent Wall Street sharply higher. The Dow Jones Industrial Average rose 929.97 points, or 1.86%, while the S&P 500 gained 1.75% and the Nasdaq jumped 2.54%. Semiconductor stocks rallied strongly, with the Philadelphia Semiconductor Index surging 7.91%.

The market reaction showed how sensitive global investors remain to the Iran crisis, the Strait of Hormuz, and the threat posed by Tehran’s nuclear and missile programs.

For Israel, the key issue remains clear: no agreement can be allowed to leave Iran with a path to nuclear weapons or the ability to keep funding Hamas, Hezbollah, Islamic Jihad, and other terror forces across the region.