U.S. and Iran Report Progress Toward Deal as Strikes Continue

President Trump said Monday that a deal with Iran is largely negotiated and that he will either sign a pact or there will be no deal. Secretary of State Marco Rubio said an agreement to reopen the Strait of Hormuz could be announced as soon as Monday.

Iran acknowledged agreement with the U.S. on many points but said the signing of a deal is not imminent. Iranian officials stated that the proposal under discussion does not include immediate concessions on the nuclear issue and that frequent changes in U.S. positions present problems.

U.S. Military Action U.S.

Central Command said U.S. forces launched self-defense strikes in southern Iran on Monday. Targets included missile launch sites and Iranian boats attempting to emplace mines, according to a statement from CENTCOM spokesperson Capt. Tim Hawkins. The command said it continues to defend forces while using restraint during the ongoing ceasefire.

Hezbollah said it staged attacks on three barracks and a military post in northern Israel on Monday in response to the violation of the ceasefire.

Brent crude futures fell nearly 7 percent to $96.30 a barrel on Monday amid optimism over a possible deal. A draft proposal stipulates that Iran would reopen the Strait of Hormuz and restore traffic to pre-war conditions within 30 days. Iranian Foreign Minister Abbas Araghchi and parliamentary speaker Mohammed Bagher Ghalibaf are in Doha for talks, according to a diplomat briefed on the visit.

Iranian state media reported that President Masoud Pezeshkian ordered the restoration of international internet access after an 87-day blackout. President Trump said in a Truth Social post that he wants the International Atomic Energy Agency to witness the disposal of Iran's highly-enriched uranium.

A senior administration official said over the weekend that Iran agreed in principle to dispose of the material.