U.S. and Iran announce a deal to end the war, reopen Strait of Hormuz

The US and Iran announced a deal to end the war and reopen the Strait of Hormuz, marking a major breakthrough for the Middle East and global economy. Although the agreement addresses immediate conflict, certain critical issues remain unresolved for future negotiations. Despite this diplomatic progress, shippers remain cautious about transiting the Strait of Hormuz. The deal aims to stabilize a region previously set aflame, though full confidence in maritime transit has not yet returned.