Trump-Iran agree to two-week ceasefire, plan to open Strait of Hormuz

The U.S. and Iran have agreed to a two-week ceasefire that includes plans to reopen the Strait of Hormuz. The temporary de-escalation follows a direct request from Pakistani Prime Minister Shehbaz Sharif to delay a U.S. deadline targeting Iran.

This matters significantly to investors because the Strait of Hormuz is a critical chokepoint for global oil shipments. Reopening the waterway eases immediate fears of major energy supply disruptions, which should help stabilize or lower global crude prices and reduce geopolitical risk premiums in the broader financial markets.