US Sees Progress in Iran Talks as Clashes Continue

The US reports progress toward an interim peace deal with Iran to end the nearly three-month conflict, despite ongoing hostilities and uncertainty over the Strait of Hormuz. Bloomberg's Paul Wallace outlines key sticking points including free passage through the strait, a Lebanon ceasefire, unfrozen Iranian funds, and nuclear program negotiations. Oil prices ticked lower as markets look past skirmishes. - US claims progress in Iran peace talks amid continued clashes. - Uncertainty over the Strait of Hormuz remains a major sticking point. - Iran wants to charge ships for navigation services through the strait. - Iran insists on a ceasefire in Lebanon as part of any deal. - Disagreement exists over the amount and speed of unfreezing Iranian funds. - Nuclear program negotiations are deferred to after an interim agreement. - Oil prices edged lower despite ongoing tensions in the region.