US and Iran Reportedly Nearing Deal, Oil Prices React, Netanyahu's Image Affected

Reports indicate the US and Iran are close to signing a new deal, potentially at Bürgenstock, with President Trump announcing the full opening of the Strait of Hormuz. The news has led to a drop in Brent oil prices, while commentators suggest the deal could damage Israeli Prime Minister Netanyahu's political standing, drawing comparisons to the 2015 nuclear agreement.