US, Iran Near Peace Deal

The United States and Iran are reportedly close to signing an agreement to end their conflict, with a draft text already agreed upon by both sides.

This potential deal, which follows a period of heightened tensions, aims to reopen the Strait of Hormuz and address nuclear issues.

Iranian officials have described the memorandum as a path to formalizing battlefield gains and securing the release of $24 billion in frozen Iranian assets.

US Vice President JD Vance is expected to travel to Geneva for the signing, signaling high-level commitment to the accord.

Despite the progress, new military action has flared near the Strait of Hormuz, underscoring the delicate nature of the negotiations.