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In a call to The New York Times, President Trump praised Russia's and China's leaders and described Israel's prime minister as "a very difficult guy."
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Oil prices had already fallen quite dramatically on Thursday and Friday, in anticipation of an imminent deal. President Trump has posted online that the Strait of Hormuz will reopen after the deal is signed on Friday.
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President Donald Trump announced "major combat operations" against Iran on Feb. 28, with massive joint U.S.-Israeli strikes.
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President Trump said the U.S. would remove its blockade of the Strait of Hormuz.
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Under the agreement, the key Strait of Hormuz waterway will be reopened, US President Donald Trump said.
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Thousands are expected at the mixed martial arts fight, which coincides with Trump's 80th birthday.
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An initial deal to end the war and open the Strait of Hormuz was expected to be signed this week.
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A federal judge has temporarily blocked President Trump's order to remove some exhibits at national parks. One historic site targeted by that order faces an uncertain future.
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Oil prices fell and stocks gained on Sunday evening on the hope that a deal would allow more energy and other goods to flow through the Strait of Hormuz.
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The gathering was originally expected to be a meeting focused on a variety of separate economic and security issues.
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President Trump said it would be signed on Sunday, but Iran's Foreign Ministry cautioned that the timeline could be slower.
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Before the US president's comments, Iran expressed caution about the exact timing.
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