A tentative US-Iran peace deal could end the war, reopening Hormuz and lifting the US naval blockade, but major hurdles remain. Trump signals “let the oil flow,” while Iran hints at bigger sanctions relief within a 60-day ceasefire. Israel refuses to pull back from Lebanon, insisting on security operations — a sticking point Iran demands be addressed. Fighting continues in Lebanon despite the announcement, and Iran blames the US for ensuring Israel halts attacks. This is a major step, but far from final — tensions simmer as negotiations drag on.

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Tensions between the US and Iran appear to be thawing with a tentative peace deal set to be signed Friday, promising to reopen the Strait of Hormuz and lift the US naval blockade — a move cheered by markets and even Donald Trump, who declared “Let the oil flow!” But it’s far from finalized: Iran demands sanctions relief and insists Israel halt attacks in Lebanon, while Israel refuses to withdraw, sparking continued fighting. With a 60-day ceasefire looming and ground realities still volatile, the world watches closely as history unfolds under Friday’s pen.

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A tentative peace deal between the US and Iran has sent shockwaves through global markets, triggering a sharp drop in oil prices and lifting stock indices—but with major uncertainties still looming. While Brent crude fell over four percent and markets breathed easier, the actual terms remain vague: the US may lift its blockade and open the Strait of Hormuz, but Iran insists on retaining control, raising legal and logistical concerns. Shipowners are watching closely as resumption of shipments looms for Friday, though volumes will likely remain low due to damaged infrastructure. Analysts cautiously hope lower oil prices could ease inflation pressures and prompt central banks to pause rate hikes, especially as UK inflation data looms. Don’t celebrate yet—this fragile truce still has major hurdles ahead.

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