May 23 (Reuters) - U.S. President Donald Trump said on Saturday that a memorandum of understanding on a peace deal has been "largely negotiated" with Iran and will open the Strait of Hormuz, with details to be unveiled soon.

"Final aspects and details of the Deal are currently being discussed, and will be announced shortly," Trump wrote on Trump Social.

Trump posted the announcement after separate calls with the leaders of Muslim majority nations and Israeli Prime Minister Benjamin Netanyahu.

(Reporting by Ryan Patrick Jones in Toronto; Editing by Sergio Non and David Gregorio)