Peace negotiations between the US and Iran currently remain deadlocked with the warring sides divided over key issues, while a recent exchange of strikes threatens to derail progress, reports CNN

Little progress has been made in reaching a peace agreement, with fundamental disagreements over key points such as the future of the Strait of Hormuz and Iran’s nuclear program. A potential deal also hinges on the Trump administration agreeing to release USD 24 billion in frozen Iranian assets, a top Iranian official told CNN.