US, Iran inch closer to deal to end the war: What to know

United States President Donald Trump says a possible agreement between Washington and Tehran to end months of war is now “largely negotiated”, raising hopes that tensions in the region could ease after a flurry of diplomatic overtures involving multiple countries. The proposed memorandum of understanding (MoU) reportedly includes reopening the Strait of Hormuz , a vital shipping lane for crude oil and gas, as well as talks aimed at formally ending the US-Israel war on Iran. …