Near-Deal Emerges as US-Iran War Could End, Hormuz Strait at Center

The United States and Iran signaled a near-final agreement to end their war, with terms to reopen the Strait of Hormuz, lift sanctions on Iranian oil, and begin nuclear talks within about 60 days; Tehran hints it may preserve a diluted uranium stockpile, while Israel remains outside the deal. The Strait area saw drone activity and reported explosions as tensions persist, and markets reacted to the potential accord with falling oil prices.