Many optimally scaling quantum simulation algorithms employ controlled time evolution of the Hamiltonian, which is typically the major bottleneck for their efficient implementation. This work establishes a compression protocol for encoding the controlled time evolution operator of translationally invariant, local Hamiltonians into a quantum circuit. It achieves a near-optimal in time t scaling for circuit depth O(t polylog(tN/ϵ)), while reducing the control overhead from a multiplicative to an additive factor. We report that this compression protocol enables the implementation of Iterative Quantum Phase Estimation with as few as 414 CNOT gates for a frustrated quantum spin system on a 6×6 triangular lattice and delivers ground state energy errors below 1% (with ± 1.5% variation, calculated with a hardware noise aware pipeline) on a 4×4 triangular lattice using the noisy emulator of the Quantinuum H2 trapped ion device.