US Vice President JD Vance described the US‑Iran‑Israel two‑week cease‑fire as a “fragile truce” while speaking in Hungary.
Trump threatened to eradicate Iranian “civilization” if the Strait of Hormuz remained closed and later pledged US assistance to traffic buildup.
Brent crude slipped below $100 per barrel but stayed above pre‑war levels as analysts warned volatility pending durable agreement.
Asian, European equity markets and US futures rose on hopes of resumed oil flows through the Strait of Hormuz.