President Donald Trump canceled planned military strikes on Iran late Thursday, telling The Post that an agreement between Washington and Tehran had been reached to reopen the Strait of Hormuz and begin nuclear negotiations.

The commander in chief called the understanding “all wrapped up,” while hinting that a formal signing could take place soon.

Trump shared the update on Truth Social, saying discussions with Iran’s top leadership had reached full approval.

“Based on the fact that discussions with the ...

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