Pakistani Prime Minister Shehbaz Sharif said Friday afternoon that the United States and Iran have agreed to and are finalizing a peace deal.

Iran and the US continue moving toward an understanding that would open the Strait of Hormuz and could pave the way for a lasting peace. Senior officials suggested a deal could be at hand by the time Group of Seven world leaders convene next week in the French Alps.

President Donald Trump says the U.S. is close to signing a deal with Iran to wind down the war, with a memorandum of understanding to be signed in Europe as soon as this weekend

By Parisa Hafezi and Humeyra Pamuk DUBAI/WASHINGTON, June 12 (Reuters) - Hopes grew on Friday for peace between ⁠Iran ⁠and the United States after President Donald Trump said ⁠a deal could be signed as soon as this weekend,

President Trump posted on social media blasting apparent misinformation on an apparent deal with Iran that may be signed soon. This comes as Iran's foreign minister said a deal has "never been closer.

Gold edged lower as traders weighed prospects for a US-Iran peace deal and data that showed a pickup in US consumer sentiment alongside easing in inflation expectations.

President Trump says he has an agreement with Iran to end the war, but that the final details still need to be completed in the coming days.

President Trump is disputing Iran's terms to end the war, saying they are not what was agreed to in writing. He announced progress toward a deal yesterday, with a signing over the next few days. Taurean Small is at the White House with the latest.