Alex Ossola

Aisha Al-Muslim is our development producer.

Chris Sinsley is our deputy editor.

And I'm Alex Osola.

Have a great weekend and thanks for listening.

Treasury Secretary Scott Besant says the U.S.

and Iran are close to a deal to end the war.

Plus, why a tiny Baltic nation is training its citizens for a possible military crisis.

And move over, pied-a-terre, the meta-terre is all the rage in New York City real estate.

It's Thursday, May 28th.

I'm Alex Ocelev for The Wall Street Journal.

This is the PM edition of What's News, the top headlines and business stories that move the world today.

Treasury Secretary Scott Besant told reporters today that the U.S.

and Iran are within reach of an agreement to wind down the war.

Besant said the president has yet to sign off on it, however.

Besant said Iran must agree to dispose of its highly enriched uranium.

He said the country must commit to never seek a nuclear weapon, and Iran needs to fully reopen the Strait of Hormuz.

Iran, meanwhile, has signaled that a final text of the agreement isn't ready.

If it happens, the deal would be the first phase of a framework.

The U.S.

and Iran would continue to negotiate for another two months or more.