BREAKING:🚨The U.S. and Iran are reportedly considering an $8 billion deal to reopen the Strait of Hormuz.

Under the proposal:

1. The U.S. releases $8 billion in frozen Iranian funds.
2. The U.S. lifts its naval blockade of Iran.
3. Iran reopens the Strait of Hormuz.
4. Iran halts attacks on shipping in the Gulf.

President Trump is expected to discuss the deal with Qatar’s prime minister today.

As news of the deal broke, crude oil fell to $87.53.