00:00The United States and Iran are reportedly moving closer to an agreement that would see the Strait of Hormuz reopened,
00:07according to Bloomberg, which cites senior officials.
00:10The report comes ahead of next week's G7 meeting, where world leaders are expected to discuss global energy and security
00:18issues.
00:19Diplomatic sources told Bloomberg that Geneva is being considered as a possible venue for a signing ceremony as early as
00:27Sunday,
00:27though no final arrangements have been confirmed.
00:31An Iranian foreign ministry spokesperson said the two sides have not yet reached a final conclusion amid ongoing communication challenges
00:40since the conflict began in February.
00:42Oil prices fell and equity markets jumped after U.S. President Donald Trump signaled a fresh wave of attacks on
00:51Iran had been called off,
00:53and a tentative agreement with Iran had been reached.
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