US and Iran agree on free navigation in Strait of Hormuz

The Russian news agency Ria Novosti reports that the United States and Iran have agreed to a ceasefire ensuring free navigation through the Strait of Hormuz, with an official announcement expected in the coming days. Citing Iranian and Pakistani sources, the agency states the agreement includes free passage through the strait. Negotiations and a round of technical meetings are reportedly scheduled, following the signing of a Memorandum of Understanding in Pakistan on June 17. The agreement follows a period of escalation after the initial MoU, with both sides holding firm positions. The US reportedly avoids appearing weak before November midterm elections, while Iran believes it won the conflict and seeks favorable terms.