President Donald Trump announced on Thursday that he canceled planned military strikes against Iran, claiming that Iran’s leadership had approved a draft agreement to extend the ceasefire, reopen the Strait of Hormuz, and begin 60 days of negotiations on Iran’s nuclear program. Trump said the deal had been approved by all parties involved, including the U.S. and several regional countries, and that a naval blockade would remain until the agreement was finalized.

Iran’s semi-official Fars news agency denied that any agreement had been approved, though it acknowledged a possibility that Tehran might consider signing off later. Three sources briefed on the talks told Axios that key gaps were narrowed during discussions between Iranian officials and Qatari mediators in Tehran on Wednesday, focusing on frozen assets, reopening the Strait of Hormuz, and the structure of nuclear negotiations.

According to those sources, Iranian officials informed several countries that an agreement in principle had been reached, pending final approval from Supreme Leader Mojtaba Khamenei.