Iran live updates: 'Suspected' mine reported in Strait of Hormuz, authorities say

After meeting with his team in the Situation Room for about two hours on Friday to make a "final determination" about a deal with Iran, President Donald Trump has yet to announce a decision.

Following the meeting, a White House official said in a statement, "President Trump will only make a deal that is good for America and satisfies his redlines. Iran can never possess a nuclear weapon."

It is not clear why the president still has not announced a decision.

-ABC News' Mary Bruce and Michelle Stoddart

The U.S. Treasury Department has sanctioned the Persian Gulf Strait Authority — the entity created by Iran to manage and charge for passage through Strait of Hormuz.

Prior to this move, the Treasury Department had already warned that providing payment to the PGSA for passage through the strait could open the payer up to sanctions risks, and that firms that facilitate financing could be subject to secondary sanctions. The move to formalize the sanctions is a potential sign the administration could seek to step up enforcement of the penalties.

-ABC News’ Shannon K. Kingston

Secretary of State Marco Rubio and Lebanon’s President Joseph Aoun held a call on Friday, during which Rubio "reiterated that Hizballah is entirely responsible for the ongoing fighting” in the country, according to the U.S. State Department.

The readout makes no mention of the ceasefire agreement between Lebanon and Israel but says Rubio "commended President Aoun’s courage and vision in pursuing direct negotiations with Israel” during their conversation.

Negotiations between Lebanon and Israel are set to resume in Washington next week.

-ABC News' Shannon K. Kingston

President Donald Trump's meeting in the Situation Room about the possible draft deal with Iran has ended, according to a White House official.

-ABC News' Michelle Stoddart