US-Iran agree to last-minute ceasefire, Strait of Hormuz set to reopen
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The US and Iran have agreed to a two-week ceasefire, reopening the Strait of Hormuz, a critical global oil route. The agreement comes after weeks of intense strikes and rising fears of a broader war, with talks set to begin in Pakistan to address major differences between the two sides.
The US and Iran agreed to a ceasefire just before a military deadline. The Strait of Hormuz, a key oil route, will reopen temporarily. The agreement was reached after outreach from Pakistan's leadership. Iran will allow safe passage through the strait for two weeks. The ceasefire has calmed global markets, with oil prices dropping sharply. Talks are set to begin in Pakistan to address differences between the US and Iran.
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