President Trump said Friday that Iran must agree to never have a nuclear weapon and to reopen the Strait or Hormuz immediately, without tolls.

Top Iranian official Ebrahim Azizi claims Tehran's right to enrich uranium is a "red line" for the country in negotiations with the U.S. on Thursday. President Donald Trump and Secretary of State Marco Rubio say there is still room for a deal.

American and Iranian negotiators believe they have arrived at a draft agreement.

As negotiations between the United States and Iran edge toward a possible agreement, Tehran is increasingly signaling that any return to war would look very different from the last.

Chances of a nuclear deal between the U.S. and Iran this year haven't moved much on prediction markets after Axios reported that the two agreed to a ceasefire.

By Chibuike Oguh NEW YORK, May 29 (Reuters) - The dollar slipped against major currencies on Friday and was headed for a second straight weekly loss after reports that the United States and Iran had reached an agreement to extend their ceasefire and ease restrictions on shipping through the Strait of Hormuz.

Some Republicans argue that the War Powers Resolution is unconstitutional and may go before the Supreme Court.