US and Iran ‘near peace deal’ to end nuclear standoff and lift sanctions

The U.S. and Iran are reportedly nearing a peace agreement regarding the conflict in the Middle East, potentially involving the lifting of restrictions around the Strait of Hormuz. Iran would commit to a moratorium on nuclear enrichment, while the U.S. would lift sanctions and release frozen Iranian funds. President Trump announced a pause in ‘Project Freedom’ due to progress towards a deal.