Is a peace deal with Iran coming? New military actions continue in the Strait of Hormuz
The United States and Iran signaled on Friday that a deal to end their war was close. A senior US administration official said the two sides had agreed on a text and that Washington expects to sign an initial agreement in the coming days.
Iranian Foreign Minister Abbas Araqchi said that while changes to the deal were still possible, the preliminary agreement showed that his country had emerged stronger from the conflict. "Iran is the winner of the war with the US," he said on state television.
Hours after those comments, U.S. forces shot down several Iranian attack drones heading toward the Strait of Hormuz. The drones had posed a threat to commercial traffic, U.S. sources said. U.S. Central Command later confirmed the action and said the waterway was open for transit.
Under the draft agreement, the US would begin releasing billions of dollars in frozen Iranian assets and waive sanctions on oil exports in exchange for Iran opening the strait.
Iran's nuclear program will be addressed during a 60-day period of talks. The US official said the deal would ultimately lead to the dismantling of Iran's nuclear program, with the destruction and removal of its stockpile of enriched uranium.
Israel has not been part of the negotiations and Prime Minister Benjamin Netanyahu said his country will not be a party to the agreement.
Progress toward a deal sent global stock markets soaring and oil prices plunging immediately after the news. Brent crude prices fell more than 3% to their lowest level in nearly two months.
The conflict has become a political headache for the White House, amid rising fuel prices and falling Trump approval ratings.
Some Republicans worry that the war's unpopularity could cost them control of Congress in the November midterm elections.
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