The United States and Iran are once again moving closer to an agreement that will reopen the Strait of Hormuz and pave the way to end the conflict, according to two regional governments involved in mediation efforts.
It’s not the first time such a claim has been made in recent weeks, but it is once again injecting some optimism into global oil markets and leaving Gulf governments hopeful that military action in the region may soon cease.
A B-2 Spirit soars after a refueling mission over the Pacific Ocean on Tuesday, May 30, 2006.