Iran and US near deal to extend ceasefire and reopen Strait of Hormuz

Iran and US negotiators are close to a provisional agreement to ease tensions and restore maritime transit, with key issues like sanctions and transit rights still unresolved. The US military's defensive strikes underscore persistent tensions during negotiations. Markets and oil prices are reacting positively to the diplomatic progress, indicating potential stability if an agreement holds. Monitoring upcoming official statements and the finalization of terms will reveal whether a formal deal is imminent or if new obstacles arise.