Report Suggests US and Iran Agree to Truce Extension

A report indicates that the United States and Iran have reportedly reached an agreement to extend a temporary truce, with the goal of working towards a broader resolution to their three-month conflict. This development, which reportedly led to a decrease in oil prices, includes provisions for unimpeded shipping through the Strait of Hormuz. Iran is expected to remove all mines from the strait within 30 days as part of the proposed deal.