The US and Iran have agreed to a temporary ceasefire until June 30, ahead of talks in Qatar addressing the reopening of the Strait of Hormuz, a critical oil shipping route.
US airstrikes targeted Iranian military sites following drone attacks on commercial tankers in the Strait of Hormuz, escalating regional tensions and threatening global oil supply routes.
The US and Iran have agreed on a communication channel to prevent incidents in the Strait of Hormuz, setting a 60-day roadmap for comprehensive agreements including maritime and regional conflict issues.
The US threatens to impose transit fees on vessels passing through the Strait of Hormuz if talks with Iran fail, signaling a new economic lever in Middle East geopolitics.