US President Donald Trump called off new military strikes on Iran, saying the “final points” of an initial peace deal had been approved and that details of a signing ceremony would be announced shortly.Iran’s semi-official Fars news agency reported that Tehran was likely to approve the agreement, though it has yet to give a formal response.US President Donald Trump speaks in the Oval Office on Thursday (US time).BloombergJust hours after he threatened to escalate the war, Trump told reporters in the Oval Office on Thursday (US time) that he had made a “great settlement of the war with Iran”.He said Vice President JD Vance would attend a US-Iran deal signing, which was expected to take place in Europe this weekend, and that the Strait of Hormuz would open as soon as it was signed.