The United States and Iran have agreed to a two-week ceasefire in a last-minute effort to prevent further escalation in the Middle East conflict.
The agreement follows weeks of intense fighting that disrupted global oil supply routes and heightened fears of a wider regional war.
As part of the deal, Iran has temporarily reopened the Strait of Hormuz, a critical shipping route for global oil trade. The move has already had a significant impact on markets, with oil prices dropping sharply and global stocks rallying.
Despite the ceasefire, tensions remain high across the region. Israel has continued military operations in parts of Lebanon, stating that the truce with Iran does not extend to its conflict with Hezbollah. Recent strikes in southern Lebanon have reportedly caused widespread damage and displacement.
The ceasefire has also sparked mixed reactions in the United States, with some lawmakers supporting the move while others have raised concerns about its effectiveness and long-term implications.
Internationally, countries such as China have welcomed the agreement, expressing hope that it could lead to a broader and more lasting resolution.
Both the US and Iran have framed the outcome as a victory, while discussions are expected to continue in the coming days in an effort to reach a more permanent agreement.
Although the temporary truce has eased immediate fears, uncertainty remains over whether it will hold or collapse, particularly given ongoing military activity in the region.
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