Trump said the Strait of Hormuz would be “open to all” if Iran meets U.S. demands, hinting at a peace deal.
A potential agreement includes Iran’s nuclear enrichment moratorium, U.S. sanctions relief, release of frozen funds, and reopening the strait.
Trump paused “Project Freedom” – the military operation to unblock Hormuz – at Pakistan’s request while maintaining the U.S. blockade.
Brent crude fell 7% to $102.17 per barrel, yet remains above pre‑war $70 levels, supporting global market rally.