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US and Iran sign ceasefire deal, Hormuz reopens
Trump and Iranian President Pezeshkian have signed a memorandum of understanding ending 110 days of conflict, with the Strait of Hormuz set to reopen to shipping. The deal includes an end to fighting in Lebanon, but critics — including Republican Senator Bill Cassidy — are already calling it the worst foreign policy blunder in decades, and the text falls short of Trump's stated goal of eliminating Iran's nuclear program.
MarketStrait of Hormuz traffic returns to normal by end of June?
Strait of Hormuz traffic returns to normal by end of June?23% chance
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