U.S. Iran Deal Nears with Commitments on Strait of Hormuz

Iran stated the U.S. is ready to 'return to commitments,' following remarks from President Donald Trump about a potential deal. The interim understanding from June 17 involves the transit of commercial vessels through the Strait of Hormuz for 60 days without charge, in exchange for the lifting of the U.S. naval blockade on Iranian ships. Iran's Deputy Foreign Minister Kazem Gharibadadi emphasized that no negotiations with the U.S. are currently happening. The market impact could relate to oil prices and shipping stability in the region, important for investors monitoring geopolitical risks.