A senior U.S. administration official has said Washington believes a framework agreement with Iran is taking shape that would reopen the Strait of Hormuz and lift the U.S. blockade of Iranian ports in parallel.

Little information about the fine print of the pact is available as of Saturday afternoon, but many of the potential details are known, including some that surround the top two issues.

Iran's new Strait of Hormuz agreement includes crypto toll payments via the Persian Gulf Strait Authority, raising sanctions evasion concerns for investors.

The U.S. Treasury Department is doubling down on its Operation Economic Fury against Iran. Economic Fury is the U.S. Treasury's sanctions campaign of "maximum economic pressure" on Iran, run by the Treasury's Office of Foreign Assets Control (OFAC) under the Trump administration's National Security Presidential Memorandum 2.

The Trump administration has placed sanctions on Iran’s largest digital asset exchange, Nobitex, and three others. This move is part of ongoing efforts to pressure Iran into a deal to end a war

The U.S. Treasury announced late Wednesday that it has sanctioned an Iranian entity, newly created to oversee and manage the Strait of Hormuz.

The United States and Iran could sign a peace deal within 24 hours, Pakistan Prime Minister Shevaz Sharif claimed Saturday. Pakistan, which has been the primary mediator and facilitator of peace negotiations between Tehran and Washington,

Both sides have incentives to reach an agreement but are digging in, with President Trump saying he won’t do a bad deal.

Although his attorney told the judge Jamshid Ghomi would not flee the country and instead urged for GPS monitoring and home confinement, the Newport Coast man was denied bail by an Orange County federal court judge.

The most sensitive issue — Iran's nuclear programme — would not be resolved immediately. Instead, the draft agreement envisages a 60-day period of negotiations focused exclusively on Tehran's nuclear activities.