Temporary US-Iran Ceasefire Reopens Strait of Hormuz, Eases Market Panic

A two-week ceasefire between the United States and Iran has temporarily de-escalated a volatile conflict that has gripped the Middle East since February. Both countries agreed to the reopening of the critical Strait of Hormuz, a vital waterway for global oil shipments, on the condition that no further strikes are carried out. This breakthrough follows weeks of escalating tensions after U.S.-Israeli strikes on Iran triggered a spiraling regional confrontation. The truce immediately sent ripples t