Iran and the United ​States played down hopes for an imminent breakthrough in the three-month-old war on Monday, with U.S. Secretary of State Marco Rubio saying there will either be a good agreement or ‌Washington would deal with the country in "another way.

Iran deal is close, including the disposal of enriched uranium and reopening the Strait of Hormuz. Lawmakers on both sides react with caution.

The US and Iran are closing in on a deal that would reopen the Strait of Hormuz, senior US officials said Sunday, even as President Donald Trump insisted he would not “rush” into an agreement.

The United States and Iran have agreed in principle to a deal reopening the Strait of Hormuz and requiring Iran to get rid of its highly enriched uranium, U.S. government officials told several outlets Sunday.

And the crisis is poised to worsen as global crude oil inventories are depleting at a record pace. The latest: Futures prices from the global benchmark Brent crude are back under

"In addition to many other elements of the Agreement, the Strait of Hormuz will be opened," the president announced Saturday.

The Iranian foreign minister's comments come after the US secretary of state said an agreement could be announced on Monday.

A day after President Trump said he would soon announce details on a deal with Iran, the president indicated that he told his representatives “not to rush” and that “time is on our side.” CNN’s Julia Benbrook reports.