U.s. and iran agree to ceasefire, but tensions remain

A fragile two-week truce has been brokered between the U.S. and Iran, suspending a six-week-old war that has claimed thousands of lives and disrupted global energy supplies.

A ceasefire, but no clear victory

While both sides declared victory, their core disputes remain unresolved, with each sticking to competing demands for a potential peace deal that could shape the Middle East for generations to come.

A senior Iranian official involved in the ceasefire talks told Reuters Tehran could open the Strait of Hormuz as early as Thursday or Friday, pending an agreement on a ceasefire framework, ahead of planned peace talks in Pakistan.

However, the deal maintains Iran's control over the strategic waterway, effectively turning it into an Iranian toll booth. The arrangement also allows Iran and Oman to assess a $2 million fee per ship using the strait.