U.S. and Iran Finalize Deal, Strait of Hormuz Reopens

A deal between the U.S. and Iran has been formally signed by President Trump, aiming to conclude the Middle East conflict. A key component of this agreement is the immediate reopening of the Strait of Hormuz, a critical global shipping passage. This development is expected to significantly influence international oil markets and trade. Iran's foreign ministry indicated a potential pause in a planned meeting in Switzerland following the signing.