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Speaking to reporters after attending the NBA Finals in New York, Trump said the two parties are in the final stages of a "very, very good deal".
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President Donald Trump has repeatedly said a deal with Tehran to reopen Hormuz is close, but such an agreement still has not materialized.
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Washington and Tehran would need to defend any potential deal as a win for their side. And each has a leader whose approach to talks is vexing mediators.
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The deal comes at a time of biotech dealmaking frenzy, driven by looming patent cliffs, newly buoyant public markets and drugmakers' race to bolster pipelines.
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As it braces for a possible U.S.-Iranian peace deal, Israel now knows that if it responds forcefully to attacks by Hezbollah, Iran may strike Israel with missiles.
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