Iran refuted US President Trump's claim that Supreme Leader Khamenei approved a peace deal, stating no text has been finalized but talks remain a possibility.

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

Donald Trump has canceled strikes against Iran and claimed that a peace deal is closer than ever as Tehran's most senior leaders have approved the agreement.

President Trump announced a potential peace deal with Iran, aiming to reopen the Strait of Hormuz to shipping this weekend. While Trump claimed a "great settlement" and Iran's…