US and Iran Close to Peace Deal, Reopening of Hormuz Strait Key Point

The US and Iran are close to a peace deal, with both sides agreeing on all aspects of the agreement. The key point is the reopening of Hormuz Strait, a crucial route for 20% of global oil and gas supplies. The deal will allow ships to pass through without restrictions or tolls, with the US Treasury Secretary stating that all statements will be taken within 30 days.