Iran, US, Israel agree two-week ceasefire; Strait of Hormuz reopens

Iran, the United States, and Israel have agreed to a conditional two-week truce that includes reopening the Strait of Hormuz, a critical global shipping chokepoint. The ceasefire represents a significant de-escalation after months of regional tensions and direct military exchanges. The agreement directly impacts global oil markets, maritime trade, and American military posture in the Middle East. Key questions remain about whether the truce will hold beyond two weeks and what role Iran's proxy forces will play in any extension.