US-Iran ceasefire talks advance as Iran reopens Strait of Hormuz temporarily

finance.eastmoney.com (Chinese)

Major progress in US-Iran ceasefire talks was reported Tuesday as Iran announced a temporary reopening of the Strait of Hormuz, sending international oil prices sharply lower. Iran and Oman reached an agreement to temporarily resume navigation through the strait, with both countries pledging further talks on a permanent solution. US-Iran consensus on ceasefire terms reportedly includes free passage through the strait, while President Trump announced complete demining and space force monitoring of the waterway. Brent crude fell 3.9% to $88.58 per barrel, and WTI dropped 3.1% to $82.36, with further declines Wednesday morning. Iran warned shipping won't fully normalize until the US accepts its conditions, including lifting maritime blockades and sanctions on oil sales. Pakistan mediated the talks, which aim to end nearly seven months of conflict.


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US-Iran ceasefire talks advance as Iran reopens Strait of Hormuz temporarily | News Minimalist