• US President Donald Trump unexpectedly paused the military operation ‘Project Freedom’ to secure passage through the Strait of Hormuz, citing progress in negotiations with Iran.
  • Reports indicate the White House has prepared a draft 14-point memorandum of understanding to end the war, including a halt to Iran’s nuclear program and reopening of the strait.
  • Iran signaled possible safe passage through the strait if the US ceases military activities, while Iranian Foreign Minister Araqchi insists on a ‘fair and comprehensive agreement’.
  • The US expects Tehran’s response within 48 hours, and Trump threatened to resume attacks with ‘much higher intensity’ if no deal is reached.
  • Both sides are under pressure: Iran suffers massive infrastructure damage, while rising energy prices strain the global economy, including the US.
  • Brent crude oil prices fell about 11% to $98 per barrel due to optimism over a potential agreement.

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