WASHINGTON -- US President Donald Trump said Saturday that the United States and Iran are "getting a lot closer" to finalizing an agreement between the two countries, CBS News reported.

The latest proposal includes a process to re-open the Strait of Hormuz, the unfreezing of some Iranian assets held in foreign banks, and a continuation of negotiations, according to the CBS report.

Trump also told US news outlet Axios that he might decide on Sunday whether to resume the war against Iran following discussions with his advisers.

"Either we reach a good deal or I'll blow them to a thousand hells," Trump was quoted as saying.

Trump said he would meet later Saturday with his envoy Steve Witkoff and son-in-law Jared Kushner to discuss Iran's latest response. Vice-President JD Vance is also expected to attend.