Trump signalled he was on the verge of reaching a peace deal with Iran but failed to sign off on the agreement following a two-hour meeting on Friday.

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.

Track the U.S.-Iran 60-day ceasefire terms, Trump's peace deal terms, Strait of Hormuz news and Israeli military strikes in Lebanon. Follow The Hindu LIVE blog.

America is prepared to resume military action against Iran if negotiations fail. Defense Secretary Pete Hegseth stated that US forces are capable and well-supplied for such a…