US and Iran Nearing War-Ending Deal, Oil Prices Dip Amidst Talks

The United States and Iran are reportedly nearing a significant breakthrough, with both nations reportedly close to finalising a one-page memorandum of understanding (MoU) aimed at ending their ongoing conflict. Sources indicate that Iran's response to key proposals is expected within 48 hours, and a potential signing ceremony could take place as early as Sunday, possibly in Geneva. However, Iran is said to be insisting that the agreement must also address the conflict in Lebanon. The prospect of this deal has already triggered a notable decrease in global oil prices. Pakistan has been actively involved in mediating these peace efforts.