Efforts to reach a preliminary deal between Iran and the US have intensified despite strikes exchanged by both sides, as they discuss a mechanism for releasing frozen Iranian funds, three Iranian sources and a European official told Reuters.

DUBAI, June 11 (Reuters) - Efforts to reach a preliminary deal between Iran and the U.S. have intensified, three Iranian sources and a European official told Reuters on Thursday,…

Iran and the US are negotiating the release of $24 billion in frozen assets, with Tehran demanding $12 billion upfront. Here's what it means for markets.

U.S. President Donald Trump has repeatedly said a deal is close, while also threatening to intensify bombing.