BlockBeats News, June 2nd - According to ABC News, U.S. President Trump believes that within the "coming week," he will reach an agreement with Iran to extend the ceasefire and reopen the Strait of Hormuz. "Progress is going well, it looks very good," Trump said. "There was a little incident today, but I quickly turned it around." Trump revealed that the incident was triggered by Iran's dissatisfaction with Israel's attack on Lebanon. Trump said, "So, I spoke to Hezbollah and told them not to fire; then I contacted Netanyahu and also told him not to fire. As a result, both sides stopped shooting."

Trump stated that reaching a peace agreement with Iran could be "even better than achieving a military victory." As for when the memorandum of understanding to reopen the strait can be finalized and approved, Trump said, "I think this will probably be achieved within the coming week." He revealed that he has not yet formally signed the agreement because "we still need to work out a few key details." (FXStreet)