US, Iran Edge Toward Interim Peace Deal to Reopen Hormuz (2)

June 12, 2026, 5:25 PM UTC

The US and Iran moved closer to an interim peace agreement meant to reopen the Strait of Hormuz and help end a war that has damaged the global economy and caused chaos in the Middle East, but conflicting messages from both sides have caused lingering uncertainty.

US President Donald Trump canceled what he characterized as imminent airstrikes on Iran on Thursday, saying negotiators had made progress. A senior administration official briefing reporters Friday said there was an 80% or 85% chance that an agreement gets signed, adding that some Iranian hardliners still want to kill any breakthrough. Those internal disagreements ...

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