Iran says safe passage through Hormuz is possible for two weeks and Foreign Minister Araghchi says their forces will halt operations if attacks on Iran cease

This announcement from Iran suggests a potential easing of tensions in the Strait of Hormuz, which is crucial for global oil supply. The conditional ceasefire might stabilize energy prices temporarily, particularly impacting commodities like WTI and gold, as well as currencies sensitive to geopolitical risks. Traders should keep an eye on how this influences market sentiment and risk flows across asset classes in the coming weeks.