Analysts still assume that, despite the continued conflict, a deal will eventually be reached that ends the war and reopens the Strait of Hormuz.

It’s been more than two months since President Donald Trump announced a ceasefire with Iran, saying at the time that the two sides were close to a deal.

Analysis - Since announcing the ceasefire Trump has repeatedly said Iran is "begging to make a deal". But a deal remains elusive.

The U.S. president said the agreement will prohibit Iran from having nuclear weapons and result in the immediate reopening of the Strait of Hormuz.

Speaking after Monday's exchange of strikes — the biggest blow yet to the April ceasefire in the Iran war — Trump said bombing Iran further would keep the Strait of Hormuz closed…

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Analysts still assume that, despite the continued conflict, a deal will eventually be reached that ends the war and reopens the Strait of Hormuz.

The US president has said a peace deal could be imminent on dozens of occasions. What's behind it?