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US President Donald Trump says Washington has reached an agreement with Iran and plans to issue a statement confirming the deal, though Tehran has yet to publicly confirm the announcement.

According to Trump, the agreement would include an Iranian commitment not to obtain nuclear weapons and an immediate reopening of the Strait of Hormuz, a vital route for global energy supplies.

The president also said sanctions on Iran could potentially be lifted, while ruling out providing Tehran with cash as part of the deal.

If signed, the memorandum of understanding would reportedly trigger a 60-day negotiation period to address the most difficult issues, including Iran's enriched uranium stockpiles and the future of its civilian nuclear programme.

Despite signs of progress, significant differences remain over the details of the agreement, with Washington and Tehran presenting differing accounts of what the deal contains.
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