US and Iran are not as far apart as they seem, and that the first part of any potential agreement will focus on opening the Strait of Hormuz without restrictions or fees, CNN reports, citing sources
Every headline is on the live feed 20 minutes before this site.
US Transportation Secretary Duffy says Congress would have to get involved with providing USD 2.5bln in aid to low-cost airlines
Newsquawk Daily Asia-Pac Opening News - 28th April 2026
US and Iran are not as far apart as they seem, and that the first part of any potential agreement will focus on opening the Strait of Hormuz without restrictions or fees, CNN reports, citing sources
Korea (Republic of) Business Confidence (Apr) 74 (Prev. 71)
Eli Lilly's (LLY) CDO says the Co. plans to sustain its aggressive dealmaking pace in 2026, Axios reports
On the Newsquawk feed at , 20 minutes before this page.
- The US and Iran may not have met for a second round of talks in Pakistan, but the two sides are not as far apart as they seem, according to sources familiar with the mediation process.
- Intense diplomacy continues behind the scenes, the sources say, and ongoing talks are centred around a staged process in which the first part of a potential deal would focus on returning to the status quo before the war and reopening the Strait of Hormuz without restrictions or tolls.
- The issue of Iran’s nuclear program – which both the US and Israel cited as their casus belli – would be addressed later.
- US President Donald Trump has previously said that any deal would require Iran to forfeit its supply of near bomb-grade uranium and give up enrichment, demands Iran has steadfastly refused to accept.
- According to the sources, mediators are applying pressure on both sides to reach an agreement, with the next few days being especially crucial. Hanging over it all is the chance that the US may decide to disengage and return to war.
Context
The report suggests that US and Iran negotiations may be closer to an agreement than previously thought, specifically concerning the reopening of the Strait of Hormuz without restrictions. This could significantly impact oil markets, given that the Strait is a crucial chokepoint for global oil transport. The diplomatic efforts signify a possible easing of tensions which, if successful, may provide a temporary boost to risk sentiment in energy commodities like WTI.
Related headlines
- Two rockets were launched from the city of Tabriz in western Iran, Sabreen reports; Two missiles fired from Iran towards the Strait of Hormuz20 hours ago
- Iran Foreign Ministry Spokesperson says Iran is ready to help peacefully resolve issues between Saudi Arabia and Yemen; has always been ready to use best efforts to help resolve the conflict21 hours ago
- [MARKET UPDATE] Crude benchmarks lift to session highs, gains of c. USD 2.00/bbl for WTI and Brent, to the continued detriment of fixed income, stocks and FX vs the USD23 hours ago
- Fire has been reported in another violating tanker in the Sea of Oman, Mehr News reports1 day ago
- US Market Wrap: Stocks hit as AI growth concerns weigh on sentiment 19 hours ago
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 2+ TICKS LOWER AT 105-14+19 hours ago
- CRUDE WRAP: WTI (X6) SETTLES USD 3.44 HIGHER AT USD 101.41/BBL; BRENT (Z6) SETTLES USD 3.94 HIGHER AT USD 109.86/BBL20 hours ago
- Indian shipping official says a crude oil tanker was targeted by a missile in the Strait of Hormuz; official also notes the Romania incident on October 14th21 hours ago
- Iran's Deputy Foreign Minister says that Saudi Arabia is yet to respond to the Iran response on mediation efforts relating to Yemen21 hours ago
- US President Trump says Israel has been helpful to Saudi Arabia22 hours ago
- US President Trump says he wants the Russia/Ukraine war ended; on Zelensky/Ukraine, says at some point I'll release details; I think it's good; will get a deal on nuclear arms with Russia and China22 hours ago
- US President Trump, when asked about the Ukraine starlink slowdown, says i did not slow it down22 hours ago
- The SNP-led Scottish government is set to drop its long-standing opposition to new oil and gas exploration in the North Sea, reports Politico23 hours ago
- US Midterm Preview: Democrats Favoured to Flip the House, Senate Too Close to Call1 day ago
- US EQUITY OPEN: Stocks mixed at the open as AI stock rout continues1 day ago
- Newsquawk European Market Wrap - 16th October 20261 day ago
- Russian President Envoy Dmitriev says Russia and the US discussed in the Arctic and LNG1 day ago
- US fighter jets were reportedly flying at low altitudes over the border areas with Saudi Arabia and conducting aerial surveillance operations in the western regions of the province, reports Nour News1 day ago
- Russian Ministry of Defence says that the Tu-22M3 long-range bombers flew over neutral waters of the Baltic Sea, escorted by foreign fighters, according to TASS1 day ago
- A new thermal anomaly has reportedly been detected in Saudi Arabia's Yanbu area near a pipeline, according to Press TV1 day ago
The feed had this first.
Use the Platform