Trump claims to be on verge of peace deal but Iran signals no agreement reached

US president did not announce decision on deal that could open strait of Hormuz after two-hour situation room meet

Donald Trump has claimed he could approve an Iran peace deal on Friday that contains major concessions from Tehran, including the opening of the strait of Hormuz and the elimination of the country's nuclear programme. However, top Iranian officials signalled a final agreement had not been reached.

The two versions indicate Trump may once again be practising his art of the deal" as he seeks to talk his way out of a war that has disrupted global energy supplies and rocked the world economy.