Trump claims Iran peace 'very close'

The President's claims of a breakthrough come as mediators from Pakistan and Qatar intensify diplomatic efforts to resolve the seven-week conflict.

Trump stated that Iran has committed to abandoning its nuclear weapons program for at least 20 years in exchange for an end to the blockade.

However, Iranian state media has dismissed these assertions as 'building castles in the air,' indicating significant gaps remain in the negotiations.

Despite the contradictory reports, global markets have reacted positively to the prospect of a resolution, with oil prices dipping below $100 per barrel.