Iran’s Foreign Minister Araghchi, in phone call with Russian Foreign Minister, says Hormuz safe passage is possible via guidelines

The statement from Iran's Foreign Minister about ensuring safe passage through the Hormuz Strait suggests a potential easing of tensions in a critical shipping lane.

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Lebanese official to AFP says Lebanon wants ceasefire before talks with Israel

Iran President Pezeshkian says The ceasefire was the result of imposing the will of the Iranian nation on the enemy; We are not at war with any nation; our response to aggression was defense

Iran’s Foreign Minister Araghchi, in phone call with Russian Foreign Minister, says Hormuz safe passage is possible via guidelines

Just after the announcement, sirens sounded across northern Israel and Hezbollah launched rockets over the border, Fox News reports

Channel 12, quoting an Israeli official says Israel has no high expectations for the success of negotiations with Lebanon

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This could stabilize oil prices and impact related currencies, particularly those of energy-exporting nations. Traders should watch for how this development influences market sentiment around commodities and forex, especially the USD and JPY against oil price movements.

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