General News Update — June 12, 2026 6 AM Eastern

Clockwise General News — President Trump announces significant progress toward a peace deal with Iran, aiming to end the three-month conflict. This is Clockwise general news, 6 AM Eastern. The proposed agreement seeks to reopen the crucial Strait of Hormuz, previously blockaded, which has already caused global oil prices to decline. This relief is eagerly anticipated by markets. However, Iran's foreign ministry states no final decision has been reached, despite Trump's assertion of "final shape" documents.