The United States and Iran have agreed to a framework deal intended to end hostilities and reopen the Strait of Hormuz to commercial shipping. While global oil prices have already decreased following the announcement, experts suggest it may take months for supply chains and shipping traffic to return to pre-war levels due to logistical and security challenges.

Summary based on BBC News article

President Donald Trump announced a peace agreement with Iran to end military conflict and restore maritime access to the Strait of Hormuz. The deal aims to stabilize global oil markets and regional security following months of naval blockades and heightened tensions.

Summary based on Daily Mail article

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