BREAKING: President Trump says that Iran's Supreme Leader has approved a deal between the US and Iran and a signing is "coming soon." Details of the deal per President Trump: 1. US Naval blockade is lifted once the deal is signed 2. Memorandum of Understanding has been approved by "everyone in Iran" 3. Kharg Island operation by US Military is now "off the table" 4. Formal Strait of Hormuz reopening deal expected by as early as Saturday or Monday 5. Trump declines to set a deadline for the deal, calling Iran "rational and confident" that a deal will be reached US oil prices extend losses on the news.