US President Donald Trump says the nations could be close to a peace deal. The big issues at stake include the fate of Iran’s nuclear program and reopening the Strait of Hormuz.

US President Donald Trump flagged progress in talks with Iran, Tehran has warned that major gaps still stand in the way of dialing down the conflict.

The proposed US-Iran peace deal seeks to reopen the strategically vital Strait of Hormuz amid lingering disagreements.

Truce extension would see Strait of Hormuz reopened

Agreement would begin with 60-day ceasefire, during which Strait of Hormuz would open again