BAHRAIN: A damaged building and vehicle are seen in the aftermath of Iranian drone attacks.—Reuters • Announcement comes after US calls off Iran attacks • Oil drops after Washington backs down • IRGC strikes Bahrain, Jordan, Kuwait after US bombs targets across Iran • Tehran says American attacks have rendered ceasefire ‘practically’ meaningless • Saudis call for Pakistan, Qatar-led efforts for renewed talks • Iran ‘completely’ closes Hormuz WASHINGTON / TEHRAN: US President Donald Trump on Thursday said the United States and Iran could sign a peace deal as soon as this weekend that would reopen shipping traffic through the Strait of Hormuz. The agreement, if finalised, would be the most significant diplomatic breakthrough yet to end the three-month-old war, which has killed thousands of people and sent global energy prices sharply higher. Iran’s semi-official Fars news agency reported that Tehran is likely to approve the agreement, though it has yet to give a formal response.