The United States and Iran have reached an agreement to cease hostilities and restart diplomatic negotiations in Doha, Qatar, according to reports from Axios.
The deal marks a significant shift in the ongoing conflict, moving the focus from military confrontation back to the negotiating table.
This development comes as a critical counterweight to Tehran’s recent insistence on maintaining full administrative control over the Strait of Hormuz.
Iranian chief negotiator Mohammad Bagher Ghalibaf had previously declared that the strategic waterway would be administered by Tehran, a stance that heightened fears of prolonged disruption to global energy supplies.
The agreement to halt attacks suggests a mutual willingness to lower tensions, at least temporarily, despite these hardline postures.
For markets, the prospect of renewed talks provides immediate relief from the geopolitical premium that has been weighing on energy and shipping assets.