Strait of Hormuz remains the focal point as the U.S. and Iran have "largely negotiated" a memorandum of understanding on a peace deal, U.S. President Donald Trump said, as expectations rose that a breakthrough might be imminent in the three-month-old war. Trump said the emerging agreement being brokered by Pakistan would reopen the strait, the vital shipping passage whose closure has sparked a global energy crisis since the U.S. and Israel launched their war on Iran in February. He did not say what else would be included in an agreement.
Strait of Hormuz to Reopen?
