US and Iran agree to ceasefire, Strait of Hormuz set to reopen

The United States and Iran have announced a two-week ceasefire, halting hostilities in a tense regional standoff. Washington confirmed the agreement as part of initial talks aimed at drafting a peace framework, scheduled to begin Friday in Islamabad, Pakistan. Crucially, Iran intends to reopen the Strait of Hormuz, a strategic chokepoint that handles nearly 20% of global oil shipments. This move could ease economic pressure and reduce regional tensions after prolonged instability. Global leaders