Politics · World

US and Iran edge closer to deal over Strait of Hormuz

Iran and Oman have reached an understanding on shipping route coordinates through the Strait of Hormuz, according to Iran's Foreign Ministry spokesperson. This development comes as Iran warns Gulf states to tell President Trump to desist from further strikes or face retaliation. The US and Iran are reportedly edging closer to a deal, with President Trump signaling an announcement soon. Hopes for a US-Iran peace deal have led to a drop in oil prices below $80 per barrel and a higher opening for Indian markets.

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