Washington-Tehran Deal Opens Hormuz

Washington and Tehran signed a memorandum of understanding to open the Strait of Hormuz and lift the blockade on Iranian ports, leading to a drop in oil prices to below $78 per barrel. The agreement sets the stage for a 60-day negotiation period to reach a final settlement. However, Israeli strikes on Lebanon continued, raising doubts about the U.S. president's ability to impose a halt to escalation, amid disagreements between Trump and Netanyahu and ongoing regional tensions.

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