The heavily-negotiated deal will restore a ceasefire between the US and Iran, as reported by Axios, while paving the way for talks on a nuclear agreement.

Treasury Secretary Scott Bessent said that the US could reach a deal with Iran to reopen the Strait of Hormuz by Wednesday, adding that this would stabilise energy prices.

The United States and Iran could reach an agreement within days to reopen the Strait of Hormuz, while Qatar says mediators are facilitating negotiations and exchanging draft…