Iran and the US have reached a deal to extend a truce and work toward an agreement to end the war, Axios reported, sending oil prices lower on hopes the three-month conflict could be nearing a resolution. The agreement is for a 60-day extension of the ceasefire and for negotiations to start on Iran’s nuclear program, Axios said, citing two US officials and a regional source involved in the negotiations. US President Donald Trump still needs to approve the terms, it said. Oil prices fell on the news to near $94 a barrel, having earlier gained on a more pessimistic outlook for a deal. The Axios report sent the S&P 500 ... (full story)