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USA and Iran Near Deal Amid Timing Uncertainty
Reports have focused on a possible breakthrough in the negotiations between the United States and Iran to reach a framework agreement to end tensions between the two countries, with the signing of the agreement expected today or within the next few days. The deal includes lifting sanctions on Iranian oil exports and reopening the Strait of Hormuz, in exchange for Iran's commitment to open the strait and lift its maritime blockade, while negotiations on the nuclear program will continue for 60 days. The agreement is anticipated to reduce military escalation and ease global oil supplies.
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