President Donald Trump announced on Saturday that a peace agreement with Iran has been "largely negotiated," signaling what could be the beginning of the end to one of the most disruptive military conflicts of the decade — a war that has rattled global energy markets, strained supply chains, and pushed inflation to levels not seen in years.
The announcement, made via a post on Truth Social, came after a wide-ranging phone call with leaders from Saudi Arabia, the United Arab Emirates, Qatar, Pakistan, Türkiye, Egypt, Jordan, and Bahrain — a coalition of regional powers that have played a central role in mediating the 84-day conflict. Trump also confirmed a separate call with Israeli Prime Minister Benjamin Netanyahu, which he described as going "very well."