Without a deal between Washington and Tehran, the fallout from Strait of Hormuz closure could deepen global crises.

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 US and Iran are close to signing a 60-day ceasefire agreement that would reopen the Strait of Hormuz, allow Iran to freely export oil, and begin negotiations on curbing…

US and Iran are reportedly nearing a deal to reopen the Strait of Hormuz, with senior American officials indicating progress despite President Trump's caution against rushing.…

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