The United States and Iran have reached a framework agreement to end the ongoing conflict, with US President Donald Trump confirming that the blockade of the Strait of Hormuz will be lifted.
The announcement marks a decisive shift in the geopolitical landscape, potentially restoring critical energy supply routes that have been under severe pressure.
Simultaneously, Iran’s chief negotiator, Mohammad Bagher Ghalibaf, declared that the Strait of Hormuz will be administered by Tehran.
This assertion of administrative control adds a layer of complexity to the de-escalation, as market participants assess whether Iranian oversight will translate into stable transit conditions or new regulatory hurdles for international shipping.
The development follows intense diplomatic efforts to resolve the West Asia conflict, which had seen fighting in Lebanon and heightened tensions in the Persian Gulf.
The agreement to keep the strait open is a key component of the broader peace framework, aimed at reducing the immediate risk of supply disruptions.