US and Iran approach a peace deal on reopening the Strait of Hormuz ahead of the G7 summit next week.

The US vice-president is expected to take part in the signing ceremony if it goes ahead

DUBAI: A report from Axios said that US and Iran are close to signing a memorandum of understanding, which particularly calls for the immediate reopening of the Strait of Hormuz…

US and Iran approach a peace deal on reopening the Strait of Hormuz ahead of the G7 summit next week.

US and Iran are close to a peace deal memorandum, with Geneva likely as venue, as talks include ceasefire, sanctions relief and oil market impact.