WorldUS, Iran Near Hormuz Deal as Oil Prices Fall

Global markets advanced as hopes grew that diplomacy could produce a breakthrough in the Middle East. Oil prices declined while technology shares rose. President Trump said Iran would be “very smart” to agree and said it would become clear within 48 hours whether a deal could be reached. The United States, Iran and Oman are reportedly close to an arrangement covering the Strait of Hormuz. Tehran is also considering letting European countries help clear mines from the vital shipping route. Saudi Arabia is pursuing diplomatic efforts.