US and Iran Move Closer to Deal Despite Hormuz Skirmishes

AI Summary

The US and Iran appear to be moving closer to finalizing a deal to reopen the Strait of Hormuz, with Pakistan acting as the mediator. Despite recent drone skirmishes near this strategic waterway, diplomatic talks remain active with a peace agreement potentially imminent.

Pakistan said an interim US-Iran deal to reopen the Strait of Hormuz could be finalized within 24 hours, raising expectations that the sides may be nearing a broader agreement after recent skirmishes near the strategic waterway. Bloomberg News State Department Reporter Eric Martin and Jerusalem Reporter Dan Williams joined David Gura and Christina Ruffini on Bloomberg This Weekend to discuss. Pakistan is preparing for the electronic signing of the peace deal “immediately after, followed by technical level talks next week,” said Pakistan’s Prime Minister Shehbaz Sharif, a key mediator in talks between Washington and Tehran. His comments on Saturday came hours after the US Central Command said it shot down multiple Iranian drones targeting commercial ships near the Strait of Hormuz. (Source: Bloomberg)