Iran said it had not made a final decision on a proposed peace agreement with the U.S., pushing back against President Donald Trump's claim that a deal was effectively approved and prompting fresh questions about a conflict that has already rattled global markets and energy supplies.

Deal Or No Deal?

Trump Thursday said in a post on Truth Social that he had canceled planned strikes against Iran after negotiations were approved by the country's highest leadership and claimed the framework of an agreement had received backing from several regional allies.

"I understand the answer is yes," Trump told reporters at the White House when asked whether Khamenei had approved the deal.

According to a Reuters report citing Iranian media, the Foreign Ministry spokesperson Esmaeil Baghaei said large portions of the agreement had been finalized but stressed that Tehran had not concluded.