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US and Iran agreed to stand down after exchange of strikes around Strait of Hormuz reports say
BBC··29 Jun
BBC reported June 29 official told CBS vessels can now move freely through waterway and renewed talks to end war will continue. Agreement follows Thursday cargo ship hit and weekend US strikes on Iran plus Iranian attacks on Kuwait and Bahrain bases.
Prism
What It Means For You
- Strait of Hormuz shipping may resume freely.
- Middle East ceasefire remains fragile.
- Oil markets watch Hormuz closely.
What's Happening
- US and Iran reportedly agreed to stand down.
- Recent strikes threatened June MoU.
- Talks to end the war may continue.
Diplomatic Context
- MoU was signed June 17.
- Cargo ship was hit Thursday.
- Lebanon ceasefire also looks shaky.
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