Iran and US Agree to Ceasefire, Reopening Strategic Strait of Hormuz

In a major breakthrough, Iran and the United States have agreed to a two-week ceasefire and the reopening of the Strait of Hormuz, a crucial waterway through which 20% of global oil flows. This truce, announced early Wednesday, comes as the conflict enters its 40th day, bringing temporary relief to a region on edge. Talks aimed at brokering a broader peace deal are set to begin in Pakistan on Friday. The ceasefire follows an announcement by Washington that it would halt attacks if Tehran guarant