Strait of Hormuz reopens as US, Iran agree two‑week ceasefire
Iran has confirmed a conditional two‑week ceasefire with the United States that includes reopening the Strait of Hormuz to commercial traffic under tight military control. Foreign Minister Abbas Araghchi said ships will be allowed “safe passage” through the vital waterway for 14 days, provided all attacks against Iran are halted. The arrangement follows President Donald Trump’s announcement that he would suspend bombing Iran for two weeks if Tehran completely reopened the strait for global oil and gas flows. Both sides are presenting the 11th‑hour truce as a victory, with Washington citing pressure on Iran and Tehran claiming it forced the US to pause strikes and recognise its control over Hormuz. Markets have reacted positively, with global oil prices sliding by around 15 percent and stock indices rallying on hopes that exports from the Gulf can resume, even if partially. Analysts, […]
