US, Iran Near Deal to Extend Ceasefire and Reopen Strait of Hormuz Amid Military Strikes

Recent reports indicate the US and Iran are close to finalizing a deal to extend the ceasefire and reopen the Strait, which could ease regional tensions and stabilize oil markets. The US conducted military strikes on Iranian missile sites, highlighting ongoing tensions. Markets and global oil supplies could see substantial shifts once the agreement is finalized, and negotiations remain ongoing.