Hormuz Reopens in Sight as US-Iran Framework Advances, While Gaza and Lebanon Quietly Burn On

Live updates say a US-Iran memorandum of understanding is moving toward a framework to end the conflict, including the reopening of the Strait of Hormuz and a 60-day ceasefire in Lebanon and surrounding fronts. Trump claims the strait will be completely open by Friday, though ships remain cautious and details about sanctions relief and future nuclear talks are still being negotiated amid ongoing fighting in Gaza and southern Lebanon. Oil markets react to the potential easing of tensions.