US and Iran Having 'Very Good Discussions', Trump Says

By Tala Ramadan and Kanishka Singh

DUBAI/WASHINGTON, Aug 5 (Reuters) – U.S. President Donald Trump said his administration had “very good discussions” with Iran during all-day negotiations on Tuesday, fueling expectations of an imminent end to the five-month conflict.

Oil prices fell and stocks jumped in Asian trade on Wednesday after Wall Street hit record highs on hopes that a deal could soon be reached to restore traffic through the blockaded Strait of Hormuz.

“They had an all-day negotiation,” Trump told Fox News’ “@ Night” show. The Strait of Hormuz “is going to