Is the U.S.-Iran war nearing an end, or is this just political posturing? U.S. President Donald Trump has announced "significant progress" toward a peace agreement, revealing a largely negotiated Memorandum of Understanding backed by Gulf nations. While Trump boasts that the crucial Strait of Hormuz will reopen to ease global oil volatility, Iran's Fars News Agency has quickly rejected major parts of the statement. We look at the latest updates, the critical role of Israel's Benjamin Netanyahu in these talks, and the stark divide over who will actually control the world's most important energy route.