US-Iran Discuss Phased Deal To Reopen Strait Of Hormuz, Says Report — USO, UCO In Focus

U.S. and Iranian negotiators in New York are reportedly exploring a phased path out of the nearly seven-month conflict that could see Tehran reopen the Strait of Hormuz in exchange for Washington lifting its economic blockade of Iran. The Strait has emerged as the central bargaining chip, with Tehr…