U.S. and Iran Agree to Two-Week Ceasefire Amid Strait of Hormuz Reopening and Oil Price Drop

President Donald Trump announced a two-week ceasefire with Iran, suspending planned attacks on Iranian infrastructure. The agreement follows Iran's commitment to reopen the Strait of Hormuz, a key shipping route for global oil supplies. m.

ET deadline. U.S. crude falling more than 9%. Brent crude dropped 15%, and related energy markets saw declines, including TTF natural gas by 18% and German power by 5%. The Strait of Hormuz has not fully reopened, and vessel traffic remains limited, with only vessels departing from Iranian ports visible in the area.

stock futures surged following the ceasefire announcement.

U.S. 7%. 7%. Asia-Pacific markets were set to open higher, reflecting broad relief across risk assets. Traditional safe havens also gained amid the de-escalation. An executive from an Abu Dhabi fund booked the first flight back to the Emirati capital hours after the agreement.

Hegseth stated that the U.S. military, together with Israeli partners, achieved every objective in the Iran conflict on schedule. Iranian armed forces announced they will manage the Strait of Hormuz proactively and control it intelligently.

U.S. in Pakistan, if a ceasefire framework is reached, with reopening limited and requiring coordination with Iranian military for all vessels. The first ship passed through the Strait of Hormuz with Iran's permission after the ceasefire, according to Iranian state TV.

Iran plans to demand tolls in cryptocurrency from shipping companies for laden oil tankers passing through the strait. Trump confirmed receipt of a 10-point proposal from Iran.

“Together with our Israeli partners America's military achieved every single objective, on plan, on schedule, exactly as laid out from day one.”