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President Donald Trump announced "major combat operations" against Iran on Feb. 28, with massive joint U.S.-Israeli strikes.
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Trump said on Saturday that an agreement would include the reopening of the Strait of Hormuz, without giving further details.
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The deal under discussion would involve a 60-day ceasefire extension during which the Strait of Hormuz would be reopened, US media reports.
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S&P 500 futures were up slightly in what may be a sign that investors and analysts are waiting to see if a deal is finalized.
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While he says that Washington will not rush into a deal, energy stockpiles risk hitting the red zone this summer.
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Lawmakers, including some of President Trump's closest allies, slammed the emerging agreement as effectively undermining the president's own war goals.
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A decision to stave off litigation between Fox and FIFA turned into a bonanza worth hundreds of millions of dollars in discounted World Cup rights to the broadcaster.
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The Secretary of State said the United States was prepared to begin those talks if Iran opens the Strait of Hormuz as part of an apparently emerging deal on the war.
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;Resize=(620)) The potential deal will include Iran's commitment that it won't pursue a nuclear weapon, and Tehran agreed to give up its stockpile of highly enriched uranium, according to two regional officials.
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Officials from the U.S. and Iran appear to be nearing a deal to end the ongoing Middle East conflict, according to public statements from President Donald Trump and officials from both nations Saturday
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A fragile ceasefire has been in place since April 8, punctuated by skirmishes as the U.S. and Iran jockey over the Strait of Hormuz.
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