President Donald Trump said the fight with Iran over the Strait of Hormuz is "over,'' declaring in a phone interview with USA TODAY that the deal reached Friday was ''a great victory.'

According to the US president, an agreement is 'very close.' Following Israel's truce with Lebanon, Iran declared the Strait of Hormuz open to commercial shipping.

President Trump tells reporters that the U.S. and Iran will jointly recover nuclear material after a deal is reached.