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Global Business News

The Economic Times

Global Business / The Economic Times

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US, Iran signal peace deal near as Tehran claims victory

The United States and Iran are reportedly close to an agreement to end their war, with both sides agreeing on a text for an initial deal. The proposed memorandum of understanding includes reopening the Strait of Hormuz and lifting the U.S. naval blockade on Iranian ports. Negotiations over Iran's nuclear program would follow the initial agreement.

13 Jun 2026 6:38 am