President Donald Trump said a peace deal with Iran that would reopen the Strait of Hormuz is “largely negotiated” and will be announced shortly. A deal could end a conflict that has choked global energy markets and pushed U.S. inflation to its highest level in years. “An Agreement has been largely negotiated, subject to finalization between the United States of America, the Islamic Republic of Iran, and the various other Countries,” Trump said in a social media post. The agreement includes a memorandum of understanding as a first phase, Iran’s foreign ministry said, before broader talks within 30 to 60
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