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Trump said on Saturday that an agreement would include the reopening of the Strait of Hormuz, without giving further details.
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While he says that Washington will not rush into a deal, energy stockpiles risk hitting the red zone this summer.
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President Trump is hailing is agreement with Iran as groundbreaking, even as he admits is "isn't even fully negotiated." But the nuclear stockpile, enrichment and missiles have not been discussed.
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A fragile ceasefire has been in place since April 8, punctuated by skirmishes as the U.S. and Iran jockey over the Strait of Hormuz.
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