Iran says it will coordinate Strait of Hormuz transits under ceasefire
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The US and Iran have agreed to a two-week ceasefire, with Iran coordinating transits through the Strait of Hormuz. The ceasefire aims to ease tensions and allow for the safe passage of ships through the key waterway, which has been effectively closed since the conflict started on February 28.
A two-week ceasefire has been agreed between the US and Iran. The ceasefire was mediated by Pakistan and announced by Pakistan's Prime Minister. The US and Iran have differing language on the Strait of Hormuz transits. Iran will coordinate and control transits of the key waterway. Talks between the two sides are scheduled to start in Islamabad. The effective closure of the Strait of Hormuz created a global energy crisis. The oil price dropped sharply on news of the ceasefire.
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