President Trump announced a "largely negotiated" deal with Iran concerning the war and the Strait of Hormuz, following calls with regional allies. The "Memorandum of Understanding pertaining to PEACE" is nearing finalization, with details to be announced shortly. This development comes amid ongoing mediation efforts and a fragile ceasefire.

Officials in Pakistan told Reuters ongoing peace negotiations were “encouraging.”

President Trump announced the unfinalized deal on social media after talks with Israel and other allies. It aims to end the war and includes two-month negotiations on Iran's…