Iran has closed the Strait of Hormuz because of Israel's ongoing attacks in Lebanon. U.S. President Donald Trump in response on Saturday threatened to impose U.S. tolls in the crucial waterway if a final deal with Iran isn’t reached in 60 days. Iran's negotiators are heading to Switzerland for talks with the U.S. that start Sunday. But Tehran warns that progress seems unlikely if the fighting in Lebanon continues. Pakistan and Qatar are mediating the discussions. The U.S. disputes Iran's announcement on the strait and says that traffic is flowing. The conflict in Lebanon threatens the U.S.-Iran interim agreement which aims to halt military operations on all fronts.

The tentative agreement to end the war in Iran and reopen the Strait of Hormuz would be good news for the global economy. But oil won't simply start flowing through the key shipping artery the way it did before the war. Then, it carried a fifth of the world's crude. Now, it will take time for hundreds of ships trapped in the Persian Gulf to exit through the narrow strait. And Gulf oil producers that throttled back production will need time to get oil moving again. And ship captains may take their time deciding it's safe and that the threat of attack from Iran has truly receded.

Pakistan announced that the U.S. and Iran reached an agreement to end the war and open the Strait of Hormuz. But that doesn’t mean high oil and gasoline prices and energy supply problems will be solved overnight. Energy experts say it will likely be months before energy companies can resume operations to the point where they're able to meet the world’s demand. It will take a long time for ships stranded in the Persian Gulf to reach their destinations. And companies need to be confident that peace will last before they send in ships or restart oil production.

Georgia's oldest city is welcoming a truckload of historical treasures from the earlier period of U.S. history. Seventeen cannons that experts believe sank in a Georgia river during the American Revolution arrived by truck Wednesday at a Savannah museum that plans to put them on display during the Fourth of July weekend marking American's 250th birthday. Archaeologists say the big guns sat at the bottom of the Savannah River for nearly 240 years before they were discovered during a 2021 dredging project. The cannons spent years being cleaned and preserved at Texas A&M University before returning to Georgia.

U.S. President Donald Trump met with his advisers for about two hours but has not yet made a decision on whether to move forward with a deal to extend the Iran ceasefire and reopen the Strait of Hormuz. Iran said the agreement has not been finalized. Ahead of Friday's meeting, Trump said he was looking to make a “final determination.” A senior administration official later said the roughly two-hour meeting with national security aides had concluded without a decision. The official wasn’t authorized to comment publicly and spoke on condition of anonymity.

Crews are resuming the search for nine people presumed killed at a Washington state paper mill where a chemical tank ruptured. It's likely to be one of the deadliest U.S. workplace accidents in years. Authorities on Wednesday said the presumed death toll rose to 11 after a second person died. Authorities says there's no hope of finding more survivors following Tuesday’s tank failure at the Nippon Dynawave Packaging Co. in Longview. Some contamination made its way into the nearby Columbia River. Authorities say the tank failure hasn't impacted the region's air or drinking water, but testing is ongoing.