Having moved from threats to peace in a matter of hours, Trump says markets ‘like the deal’ and the Strait of Hormuz will reopen soon.

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 again claimed a deal to end the war is close, but Iran countered that it had not reached a final decision on an agreement.

President Donald Trump claimed that Iranian leaders have agreed to a memorandum of understanding with the United States.

Having moved from threats to peace in a matter of hours, Trump says markets ‘like the deal’ and the Strait of Hormuz will reopen soon.

US president says agreement close as Strait of Hormuz tensions linger