US and Iran Agree on Peace Deal to End War, Reopen Strait of Hormuz
Pakistan's Prime Minister announced that the US and Iran have agreed to a ceasefire ending nearly four months of conflict, including operations in Lebanon, and will reopen the Strait of Hormuz.
According to a report by Bloomberg, Pakistan's Prime Minister Shehbaz Sharif stated that the United States and Iran have reached an agreement to terminate their nearly four-month-long war. The deal includes an immediate and permanent cessation of military operations on all fronts, including in Lebanon.
As part of the agreement, the Strait of Hormuz—a critical chokepoint for global oil shipments—will be reopened. The development could significantly impact energy markets and broader geopolitical stability in the Middle East.
Source: FXStreet Forex News