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As talks continue and proposals are exchanged, Washington and Tehran still disagree on what has been agreed.
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There are signs of fresh momentum to end the war, but Trump himself has injected a note of caution.
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European stocks soared on Wednesday as traders responded to reports that the U.S. and Iran are close to an agreement that will bring an end to the war.
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Reports have raised hopes of an agreement between the US and Iran after days of escalation.
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President Donald Trump first announced Project Freedom on Sunday in a post, promising the Navy would "guide their Ships safely out of these restricted Waterways."
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