US and Iran Clash Near Hormuz as Talks Go ‘Back and Forth’ (1)

US and Iranian forces clashed near the Strait of Hormuz overnight, highlighting the tension between the two sides even as they tout progress toward an interim peace deal.

The exchange of strikes came hours after US President Donald Trump said negotiations with Tehran to extend their ceasefire and reopen the strait are proceeding, though Secretary of State Marco Rubio added Tuesday that a deal would likely take a few days to finalize.

One contentious issue under discussion is Iran’s $24 billion in frozen assets, with Tehran wanting half that amount released upon the signing of an agreement, the semi-official ...