By Myra P. Saefong and Isabel Wang
White House confirms Axios report that negotiators have drawn up a deal outline to extend the U.S.-Iran cease-fire
President Donald Trump said Wednesday that he would not agree to a deal that allows Oman and Iran to control shipping through the Strait of Hormuz.
U.S. and global oil prices gave up early gains Thursday, turning lower after news of progress toward a deal that would extend the U.S.-Iran cease-fire.
Axios reported that U.S. and Iran negotiators have a 60-day memorandum of understanding in hand that would extend a cease-fire and lead to negotiations on Iran's nuclear program.
