US and Iran Move Closer to Deal Despite Hormuz Skirmishes

Pakistan announced on Saturday that an interim US-Iran deal to reopen the Strait of Hormuz could be finalized within 24 hours, signaling potential progress toward a broader agreement following recent skirmishes. Prime Minister Shehbaz Sharif stated that Pakistan is prepared for the electronic signing of the peace deal, to be followed by technical talks next week. This development occurred shortly after the US Central Command reported shooting down multiple Iranian drones that were targeting commercial ships near the Strait of Hormuz. The potential deal, brokered by Pakistan, aims to de-escalate tensions in the vital shipping lane. Bloomberg News State Department Reporter Eric Martin and Jerusalem Reporter Dan Williams discussed these developments on Bloomberg This Weekend.