Last-Minute US-Iran Ceasefire Halts Strikes and Reopens Key Global Oil Route

Last-Minute US-Iran Ceasefire Halts Strikes and Reopens Key Global Oil Route

2026-04-07 global

Washington, Wednesday, 8 April 2026.
Hours before a deadline for devastating strikes, a Pakistan-brokered US-Iran ceasefire temporarily reopens the Strait of Hormuz, immediately sinking global oil prices and providing critical market relief.

Averting Global Economic Disaster

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Strait of Hormuz Iran ceasefire