The U.S. pauses Project Freedom in the Strait of Hormuz amid ongoing Iranian missile and drone attacks on Gulf vessels. Despite renewed violence, officials say the ceasefire holds as diplomatic talks advance.
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President Trump declares hostilities with Iran have ended as the 60-day War Powers Resolution deadline passes. Legal experts and some lawmakers dispute the claim, citing ongoing military actions including a naval blockade.
As the ceasefire between the U.S. and Iran nears expiration, American envoys head to Pakistan for talks amid Iran's closure of the Strait of Hormuz and escalating threats. Iran demands the U.S. lift its naval blockade, while President Trump warns of attacks on Iranian infrastructure if a deal is not reached.
Oil prices fell sharply after Iran declared the Strait of Hormuz open amid a Middle East ceasefire, easing fears of supply disruptions. The announcement boosted global stock markets and lowered U.S. gasoline prices, though uncertainties remain about shipping security and ongoing U.S.-Iran tensions.
The S&P 500 and Nasdaq hit record highs Wednesday as investors remain optimistic despite ongoing Iran conflict and rising energy prices. Strong corporate earnings and expectations of de-escalation in the Middle East have fueled the rally.
Despite a ceasefire between the US and Iran, traffic through the Strait of Hormuz remains far below normal levels, with only a handful of ships passing through the crucial oil shipping route. Iran’s restrictions and regional tensions continue to complicate safe passage.
A ceasefire between the U.S. and Iran has eased tensions but gas prices remain high amid uncertainty over the Strait of Hormuz. Experts say any relief at the pump could take weeks and may reverse if the truce falters.
Israel's intensified strikes on Lebanon kill over 200, threatening the fragile US-Iran ceasefire. Global leaders call for inclusion of Lebanon in the truce as Hezbollah retaliates with rocket fire into Israel.