There are reports of a potential deal between the US and Iran, with some outlets suggesting it involves diluting uranium and waiving sanctions. The US appears to be seeking support from Gulf allies for its approach to Iran, with some countries reportedly backing the deal, while others, including Iran's Revolutionary Guard, have expressed concerns. The situation in the Strait of Hormuz is also being closely watched, with some indications that shipping traffic is rebounding, but the details and implications of any agreement or developments in the region remain unclear.