Unconfirmed reports suggest a potential ceasefire agreement between Iran and the US, including free navigation in the Strait of Hormuz.
Russian state media reported an unconfirmed Iran-US ceasefire deal, citing Pakistani and Iranian sources. The agreement allegedly includes provisions for free navigation in the Strait of Hormuz and may be announced in the coming days.
Oil markets have seen heavy selling this week, while the US softened its stance on sanctions discussions yesterday. Iran’s president has also emphasized peace efforts, coinciding with a separate Iran-Pakistan deal announced today.
Details remain scarce, and skepticism surrounds the report due to its Russian media origins. No official confirmation has been provided by either the US or Iran.