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A deal to end the Iran war could be signed soon, a senior Trump administration official said, following conflicting statements in recent days from the warring nations.
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Israeli strikes on Friday left Lebanon out of sync with a cautious optimism taking hold elsewhere in the Middle East.
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The amount of oil and fuel stored by businesses and governments has fallen sharply since the start of the U.S.-Israeli war against Iran.
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Iran says reports of a deal are "speculative" after the US president says a "great settlement" to end the conflict has been reached.
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Bases across Iran have been hit by US strikes, with experts identifying damage to jets and warships.
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The targeted countries host sprawling American military bases and thousands of personnel at a time when the United States is waging war against Iran.
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President Donald Trump promised more attacks on Iran after strikes resumed this week. Earlier this week, he said a deal to end the war was near.
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The escalating attacks threatened to derail efforts to end the war, with Trump warning that Tehran would "pay the price" for stalled negotiations.
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