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

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…

The U.S. and Iran are edging closer to signing an agreement to reopen the Strait of Hormuz as the G7 leaders are set to meet. Read more.

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

Deep divisions in Iran as regime hardliners and protesters reject the emerging deal