- US Secretary of State Marco Rubio stated that a "pretty solid" draft agreement is on the table with Iran to end the war and reopen the Strait of Hormuz, indicating the US will either secure a good deal or pursue "another way".
- Optimism surrounding a potential US-Iran peace deal led to oil prices hitting two-week lows and European stock markets opening at their highest levels in over two months.
- Iran is demanding the immediate release of $12bn in frozen assets held in Qatar as a strict precondition for advancing initial stages of the peace agreement with the United States.
- US President Donald Trump has shown a fluctuating stance on the deal, initially suggesting a breakthrough was close but later playing down hopes, reportedly due to strong pushback from Republicans concerned about the terms.
- A senior Trump administration official outlined that Iran has agreed "in principle" to open the Strait of Hormuz and dispose of its highly enriched uranium, in exchange for the US lifting its naval blockade, with a 60-day period envisioned for finalising the agreement.
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