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Global Business News

The Economic Times

Global Business / The Economic Times

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World holds breath as US, Iran close in on deal

US and Iran are reportedly nearing a deal to reopen the Strait of Hormuz, with senior American officials indicating progress despite President Trump's caution against rushing. Negotiations are ongoing regarding the precise language of key issues, with a potential agreement requiring final approval from both sides.

25 May 2026 5:30 am