A dramatic diplomatic breakthrough is being claimed in the U.S.-Iran crisis, with President Donald Trump hailing what he called a “great deal” that he said would bring peace and security to the region. Trump said the Strait of Hormuz would reopen after the signing of the agreement on Friday, while framing the accord as a major step toward restoring regional stability.

US President Donald Trump announced a deal with Iran is set to be signed on Sunday. This agreement is expected to immediately reopen the Strait of Hormuz to all traffic. Pakistan,…

Oil prices have surged as shipping in the Strait of Hormuz has been cut off.

US president says Strait of Hormuz will reopen and US blockade will end