Iran live updates: Trump in Situation Room making 'final determination' on short-term Iran deal

President Donald Trump said he will be meeting in the White House Situation Room "now" to make a "final determination" regarding Iran.

"Iran must agree that they will never have a Nuclear Weapon or Bomb. The Hormuz Strait must be immediately open, no tolls, for unrestricted shipping traffic, in both directions. All water mines (bombs), if any, will be terminated," Trump said in a post on social media Friday.

Trump also suggested that the U.S. will unearth and destroy Iran's enriched material, which he said is buried deep underground after the U.S.'s bombing of Iran's nuclear facilities last year.

"No money will be exchanged, until further notice. Other items, of far less importance, have been agreed to. I will be meeting now, in the Situation Room, to make a final determination," Trump added.

Treasury Secretary Scott Bessent did not commit to saying that a deal with Iran is currently on the table despite reports that the U.S. and Iran have reached an agreement but need President Donald Trump’s final approval.

Bessent said he wasn’t going to preview a peace deal and that the negotiators have been "going back and forth," during a press briefing Thursday.

Bessent suggested that "perhaps have the makings of a deal here" when it comes to an agreement with Iran.

-ABC News' Isabella Murray and Michelle Stoddart

Israel Prime Minister Benjamin Netanyahu revealed Israel aims to control 70% of the Gaza Strip.

“We are currently squeezing Hamas; we now control 60% of the territory of the Strip — you know this. We were at 50[%], we moved to 60[%]. My directive is to move to ... First of all, 70[%]," Netanyahu said while speaking at an event Thursday.

"Let’s start with that. We’re pressing them from all sides; we’ll deal with the remnants," he said.

Despite U.S. Central Command's assertion of an "egregious ceasefire violation" overnight by Iran, the existing ceasefire between Iran and the U.S. remains in place, a U.S. source confirmed on Thursday.

The ceasefire, which has officially been in place since April 8, has not stopped both countries from periodically exchanging fire. The president has repeatedly asserted that the ceasefire remains in effect in spite of those exchanges, describing one such strike against Iran in early May as just a "love tap" to ABC News and denying that the ceasefire was over.

"No, no, the ceasefire is going. It's in effect," he said at the time.

Later that day, Trump said the world will know when the ceasefire is over when it sees "one big glow coming out of Iran."

-ABC News' Nicholas Kerr and Rachel Scott