- The U.S. and Iran are reportedly nearing a peace agreement regarding the conflict in the Middle East, according to a Pakistani source involved in the efforts and an Axios report.
- A potential deal would require both sides to lift restrictions around the Strait of Hormuz.
- Iran would commit to a moratorium on nuclear enrichment, while the U.S. would lift sanctions and release billions in frozen Iranian funds.
- Earlier, President Donald Trump announced a pause in his plan to escort ships through the Strait of Hormuz, citing “great progress” towards a deal.
- Trump said that the decision to pause 'Project Freedom' was based on requests from Pakistan and military success, though the U.S. naval blockade of Iranian ports will remain.
