US-Iran news LIVE: US President Donald Trump said Friday that he’s holding a White House Situation Room meeting with his advisers as he looks to make a “final determination” on moving forward on a deal to extend a ceasefire with Iran.

White House sources said the United States and Iran have reached an agreement on a proposed memorandum of understanding (MoU) aimed at extending the current ceasefire for 60 days to allow formal negotiations to continue.

By Ashitha Shivaprasad May 29 (Reuters) - Gold rose more than 1% on Friday after reports that the U.S. and Iran may have agreed to extend their ceasefire, though it was still headed for a monthly decline as inflation concerns and expectations of higher interest rates weighed on prices.

The U.S. military carried out strikes on missile sites and IRGC boats in southern Iran as Netanyahu intensified attacks on Hezbollah amid escalating violence in Lebanon.

Secretary of State Marco Rubio on Saturday said progress has been made in the ongoing peace negotiations between the U.S. and Iran, saying the war will be solved “one way or the other” amid a visit to India.

By Michael Martina and Saurabh Sharma NEW DELHI, May 24 (Reuters) - U.S. Secretary of State Marco Rubio held talks with Indian Foreign Minister Subrahmanyam Jaishankar on Saturday, as the two sides discussed the Middle East,

The ship, flying under the Marshall Islands flag, left Shajrah on May 21 and was reported at 6 am Indian Standard Time on Friday in the Northern Arabian Sea off the west coast of India.

India, the world's third-largest emitter of carbon dioxide, is burning more coal as demand for power rises, most of which is coal-fired.

The price of CNG has been increase in Delhi and the surrounding regions for the second time in two days, as India grapples with the economic impact of the Iran war. Meanwhile Modi is set to arrive in Sweden.

U.S. forces have carried out new defensive strikes on an Iran military facility after downing Iranian attack drones.