Several clocks are ticking for the American president as he looks for a way out of the deadlock, observers suggest.

The U.S. has beaten Iran "militarily" and that the war is "very close to over," Trump said, claiming a peace deal likely.

Several clocks are ticking for the American president as he looks for a way out of the deadlock, observers suggest.

According to the US president, an agreement is 'very close.' Following Israel's truce with Lebanon, Iran declared the Strait of Hormuz open to commercial shipping.