US president says ‘great settlement’ reached but Iranian spokesman says there has been no final conclusion Full report: Trump claims US and Iran on verge of signing peace agreement Iran’s official Islamic Republic News Agency (IRNA) has cautioned against media speculation about a potential memorandum of understanding to end the war, particularly on claims regarding the strait of Hormuz. IRNA reported that Iran will not surrender its control of the strategic waterway and the US will have no role in its future management. Contrary to some bizarre claims in the media, Iran in no way makes a commitment in this text to hand over its management or to restore the strait of Hormuz to the state before the military aggression of the US and Israel.