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Iran peace deal looms, new military action flares near Strait of Hormuz

  • US and Iran signaled a near-term deal to end the war, with both sides reportedly agreeing on a draft and a signing expected in days.
  • Tensions continued: U.S. forces shot down multiple Iranian one‑way attack drones toward the Strait of Hormuz, but the waterway stayed open.
  • The draft would reopen the strait and likely free frozen Iranian assets/oil exports, drawing Israeli objections and nudging oil prices lower.
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