Washington is nearing a deal to extend its ceasefire with Iran by 60 days and reopen the Strait of Hormuz, pending Donald Trump’s sign-off, according to US officials.
The renewed optimism in Washington comes after US and Iranian forces exchanged fire overnight and follows days of conflicting signals over the agreement that have sparked big swings in energy markets.
A US official said negotiators from both sides had reached a memorandum of understanding but added the US president had not approved the document and needed some days to think about it.
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