Jonathan Landay, Steve Holland and Yomna EhabMay 29, 2026 – 6.47amWashington | Cairo | The US and Iran are close to an agreement on winding down the war, Treasury Secretary Scott Bessent said, but President Trump has yet to sign off on it, and the White House wants a deal that satisfies several key conditions.“We perhaps have the makings of a deal here,” Bessent said from the White House on Thursday (Friday AEST). “Everything depends on what the president wants to do, and President Trump is not going to make a bad deal.”ReutersSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
US, Iran have ‘makings of a deal’ to reopen Hormuz, Bessent says
Donald Trump still has to sign off on the new deal to extend the ceasefire and lift restrictions on shipping in the waterway, after both sides exchanged strikes.










