Iran proposes 60-day toll-free transit through Hormuz Strait as ceasefire talks advance

Iran proposes 60-day toll-free transit through the Hormuz Strait as ceasefire talks advance, with a deal expected to be signed in Switzerland. The US anticipates this move, which could stabilize global energy markets and boost the role of crypto in global trade. While the initiative aims for stability, unresolved nuclear and sanctions issues pose future risks. Ultimately, the success of this proposal hinges on sustained diplomacy to ensure the reopening of the Strait of Hormuz.