Iranian state media reported Iran would not give up control of the Strait of Hormuz as part of the agreement.

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

President Donald Trump on Thursday said the United States and Iran could sign a peace deal as soon as this weekend that would reopen the Strait of...

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.