President Donald Trump is trumpeting the "great deal" he has made with Iran, claiming it will bring "peace and security" to the entire region.

He also confirmed the deal will be signed on Friday, claiming that oil will flow from "both ends of the region" after the Strait of Hormuz is opened when the agreement is signed. The oil flow is linked to mine removal, he claims.

"With the opening of the Strait upon the signing of the Deal on Friday, for purposes of mine removal, oil will flow on both ends again for the Region, and the World!" Trump wrote on his social media platform.

-ABC News' Isabella Murray

President Donald Trump said in a post on social media Sunday that the United States and Iran have reached a deal, opening up the Strait of Hormuz.

"I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade," Trump wrote.

"Ships of the World, start your engines. Let the oil flow!" he added.

Iranian Deputy Foreign Minister Kazem Gharibabadi confirmed the deal had been finalized and said it would be signed in Switzerland on Friday.

"All of our positions and important issues are included in the draft understanding," Gharibabadi said in a statement to Iranian state media.

The U.S. and Iran's comments came after Pakistan Prime Minister Shehbaz Sharif announced the peace deal was made. "Both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon," Sharif wrote.

The Israeli military announced on Sunday that it had killed a senior Hezbollah commander in a "precise strike in southern Lebanon."

Israeli military officials said the Hezbollah commander, identified as Ali Musa Daqduq, was killed south of the Litani River on Friday.

Israel Defense Forces (IDF) said Daqduq held a series of senior positions within the Hezbollah terrorist organization and served "as a source of knowledge with extensive operational experience."

"His elimination constitutes another significant blow to Hezbollah’s senior chain of command by eliminating one of the most prominent operatives responsible for terrorist activity against Israeli civilians, IDF soldiers, and American service members," the IDF alleged in a statement.

In recent years, the IDF said Daqduq played a central role in advancing terrorist attacks and combat operations against Israel and IDF soldiers.

-ABC News' Jordana Miller

The Israel Defense Forces said in a post to X on Sunday that it conducted a new strike on the Lebanese capital Beirut, targeting what it called Hezbollah "infrastructure" in the southern Dahiyeh area of the city.

In a statement, Israeli Prime Minister Benjamin Netanyahu said the strike was "in response to Hezbollah's firing into Israeli territory. Israel will not tolerate firing into its territory."

-ABC News' Jordana Miller

President Donald Trump said a deal between the U.S. and Iran is scheduled to be signed tomorrow, reopening the Strait of Hormuz.

"At the appropriate time, when all is calm, we will go in and get the Nuclear Dust, buried deep under the powerful sunken granite mountains, thanks to our beautiful B-2 Bombers and their brilliant pilots, and downblend and destroy it, whether in Iran, or the United States," Trump said in a post on social media.

"We look forward to working with Iran, and the entire Middle East, long into the future. Hopefully, this process will all work out quickly, easily, and smoothly. If it doesn’t, we have the ultimate alternative, hopefully never to be used again!" Trump said.

Earlier Saturday, Iran's Ministry of Foreign Affairs spokesman Esmaeil Baqaei said there's a high possibility of the memorandum of understanding being finalized in the coming days, but added that there's currently no plans for an Iranian delegation to travel to Geneva or anywhere else in the next day or two.