The United States and Iran are reportedly close to finalizing a deal to end the ongoing conflict in the Middle East, which has severely impacted global oil markets. US Secretary of State Marco Rubio indicated that good news might be forthcoming after President Donald Trump announced that a significant agreement had been 'largely negotiated'. The proposed deal includes the reopening of the Strait of Hormuz, a critical passage for oil shipments currently under Iranian control. However, Iran's Foreign Ministry spokesman, Esmaeil Baghaei, clarified that the nuclear issue would not be part of the initial agreement but would be addressed in future discussions. Reports suggest that Tehran may need to commit to reducing its stockpile of highly enriched uranium, although Iranian news agencies have denied any such commitments. Additionally, Iran is demanding access to its frozen assets held under US sanctions as part of the negotiations. The situation in Lebanon remains tense, with Israel conducting strikes against Hezbollah, further complicating the ceasefire efforts brokered by the US. The deal aims to address multiple fronts, including the cessation of hostilities in Lebanon.