US and Iran inch towards short-term deal to end fighting [View all]

ISLAMABAD/WASHINGTON/DUBAI, May 7 (Reuters) - The United States and Iran are edging toward a limited, temporary agreement to halt their war, sources and officials said on Thursday, with a draft framework that would stop the fighting but leave the most contentious issues unresolved.

The emerging plan centres on a short-term memorandum rather than a comprehensive peace deal, underscoring ‌deep divisions between the two sides and signalling that any agreement at this stage would be an interim step.

Hopes that even a partial deal could lead to the reopening of the Strait of Hormuz ‌have already moved markets, with global stocks approaching record highs on Thursday and oil prices nursing steep losses on bets that supply disruptions could ease.

https://www.yahoo.com/news/articles/trump-sees-swift-end-war-040210139.html