Senior officials suggest the US and Iran may agree to reopen the Strait of Hormuz on the sidelines of the upcoming G7 summit. This potential deal follows indications from Iranian officials and G7 diplomats.

The US and Iran may sign an agreement to reopen the Strait of Hormuz on the sidelines of the Group of Seven world leaders summit next week, according to senior officials. A senior Iranian official indicated overnight that a deal is likely, said a G7 official and a diplomat from outside the group, who both asked not to be named discussing sensitive matters. This year’s G7 summit takes place in Evian, in the French Alps, from June 15 to June 17. Geneva, in Switzerland, is nearby and being floated....