Published: 2026-06-14T23:23:05.000Z
Asia Open
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Iran and US agree deal to open Strait of Hormuz and extend ceasefire
EMERGING ASIA
Finally, U.S.-Iran agreed to a deal with Pakistan brokering it. The details include a reopening of Strait of Hormuz and removal of blockade, so as a ceasefire including Lebanon. The signing will take place on Friday in Switzerland and beforehand time will be needed to remove sea mines to completely open the Strait. The detail of a deal seems to be favoring Iran as they will be managing the Strait with Oman and future talks will only be held after 60 days with at least half of the frozen iranian asset unfreeze.
Oil slump at the opening bell with major equities cheering.