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Iran peace deal nears as new clashes erupt near Strait of Hormuz

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Iran and world powers are close to finalizing a nuclear deal, Reuters reported, even as new military clashes erupted near the Strait of Hormuz. The clashes involved Iranian and US naval forces, raising tensions in the strategic waterway. No casualties have been reported.

Nuclear Deal Progress

Diplomats in Vienna said negotiators have resolved key disputes over uranium enrichment and sanctions relief, paving the way for a formal agreement within days. The deal would cap Iran's enrichment at 3.67% and lift oil and banking sanctions. Iran's foreign minister confirmed '90% of text is finalized'.

Strait of Hormuz Clashes

On Wednesday, Iranian speedboats approached a US destroyer in the Strait of Hormuz, prompting warning shots, according to US Central Command. Iran's Revolutionary Guard said its vessels were conducting routine patrols. The strait handles about 20% of global oil shipments.

Draft Peace Deal Wording Agreed

Mediators confirmed that Washington and Tehran have agreed on the wording of a draft peace deal, with signing potentially days away. The agreement is expected to address Iran's nuclear program, sanctions relief, and the reopening of key shipping routes.

Trump Claims Deal Near, Iran Denies

Former President Donald Trump asserted that a peace deal with Iran could be signed soon, potentially reopening the Strait of Hormuz. Iran's foreign ministry countered that no final agreement has been reached and key issues remain unresolved.

What's Next

The UN Security Council is set to vote on the deal next week. It remains unclear whether the clashes will derail the diplomatic process or harden positions on both sides.

3 sources

Iran peace deal nears as new clashes erupt near Strait of Hormuz