US and Iran Reach Deal to Extend Ceasefire, Reopen Strait of Hormuz

Recent reports from Fortune and Middle East Eye indicate that the US and Iran have agreed in principle to extend the ceasefire and reopen the strait, potentially easing tensions in the region. This marks a significant step toward de-escalation, with official announcements expected soon. Markets reacted positively, boosting oil prices and stock futures, signaling investor confidence in the deal's potential implementation.