Trump Announces Potential Iran Peace Deal, Tehran Expresses Caution

US President Trump has indicated that a peace agreement with Iran could be finalized soon, potentially leading to the reopening of the Strait of Hormuz. However, Iranian officials have adopted a more reserved stance, noting that a definitive decision has not yet been reached. The potential deal follows reports of financial incentives from the UAE to Iran. The Strait's closure has significantly affected global energy and commodity markets, raising concerns about food security.