The pact, likely to be signed during next week’s G7 summit, would also see both sides extend their truce by around two months.

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…

The US and Iran have tentatively agreed on a memorandum of understanding that would reopen the Strait of Hormuz and pause fighting for 60 days, but the deal still needs final…

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