The United States and Iran may be on the verge of a historic peace agreement. Reports suggest both sides are reviewing a final draft that could reduce tensions, reopen the Strait of Hormuz, and restart nuclear negotiations.

President Trump has warned against further escalation while diplomatic efforts continue behind the scenes. Oil markets are already reacting as hopes grow for stability in the Middle East.

Watch this quick update to understand what this deal could mean for global security, oil prices, and the future of U.S.-Iran relations.

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Is a US Iran peace deal finally on the horizon?