Trump admits his new plan to end war relies on 'big assumption' — and threatens more bombs

President Donald Trump suggested a possible deal might be on the table to end the war in Iran.

The 79-year-old president sent out a Truth Social post Wednesday morning following a flurry of developments this week, such as the start and quick end to Project Freedom, an effort to ensure safe passage for commercial ships through the Strait of Hormuz, and reports that the White House believes it's close to an agreement with Iran.

"Assuming Iran agrees to give what has been agreed to, which is, perhaps, a big assumption, the already legendary Epic Fury will be at an end, and the highly effective Blockade will allow the Hormuz Strait to be OPEN TO ALL, including Iran," Trump posted. "If they don’t agree, the bombing starts, and it will be, sadly, at a much higher level and intensity than it was before. Thank you for your attention to this matter! President DONALD J. TRUMP."

Axios correspondent Barak Ravid reported that Trump envoys Steve Witkoff and Jared Kushner are negotiating on a one-page, 14-point memorandum of understanding with several Iranian officials.

"Among other provisions, the deal would involve Iran committing to a moratorium on nuclear enrichment, the U.S. agreeing to lift its sanctions and release billions in frozen Iranian funds, and both sides lifting restrictions around transit through the Strait of Hormuz," Axios reported.

"Many of the terms laid out in the memo would be contingent on a final agreement being reached, leaving the possibility of renewed war or an extended limbo in which the hot war has stopped but nothing is truly resolved," the report added.