US and Iran inch closer to signing deal to reopen Strait of Hormuz

AI Summary

The United States and Iran are reportedly close to signing an agreement to reopen the Strait of Hormuz, possibly during the upcoming G7 summit in Evian, France. The deal could have significant geopolitical implications given the strategic importance of the waterway for global energy shipments.

The US and Iran may sign an agreement to reopen the Strait of Hormuz on the sidelines of the Group of Seven world leaders summit next week, according to senior officials. A senior Iranian official indicated overnight that a deal is likely, said a G7 official and a diplomat from outside the group, who both asked not to be named discussing sensitive matters. This year’s G7 summit takes place in Evian, in the French Alps, from June 15 to June 17. Geneva, in Switzerland, is nearby and being floated...