US and Iran near agreement on Strait of Hormuz, Trump yet to approve

The US and Iran are reportedly close to signing a memorandum of understanding on the Strait of Hormuz, which would ensure unrestricted shipping and no tolls. However, President Trump has not yet approved the deal, and Iranian officials insist they will not yield on uranium enrichment or other red lines. Meanwhile, both sides have traded accusations of ceasefire violations and military strikes, complicating the fragile peace talks.