Hopes rise for Iran deal as US halts guiding ships in Hormuz
US President Donald Trump halted 'Project Freedom', a plan to guide ships through the Strait of Hormuz, citing progress toward a deal with Iran. Pakistani Prime Minister Shehbaz Sharif expressed hope that the momentum would lead to a lasting agreement.
The US and a key mediator expressed new hope for talks leading to a peace deal with Iran after President Donald Trump halted 'Project Freedom'. Trump cited progress toward a complete and final agreement with Tehran. Pakistani Prime Minister Shehbaz Sharif welcomed Trump's decision, saying it could foster a deal. US officials reported that both sides are close to agreeing on a one-page memorandum of understanding to end the war. Iranian Foreign Minister Abbas Araghchi met his Chinese counterpart Wang Yi in Beijing, discussing ongoing negotiations. International oil prices fell after Trump's announcement, with Brent and West Texas Intermediate tumbling below $100 a barrel.
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