Two sources tell the Jerusalem Post the mediators Egypt and Pakistan are trying a last-minute ceasefire deal where Hormuz will be open and talks will start on a full deal between US and Iran

The reported efforts from Egypt and Pakistan to broker a ceasefire, allowing for the Strait of Hormuz to remain open, suggests a potential easing of tensions in a critical oil transit route. If successful, this could stabilize energy prices and reduce geopolitical risk premiums, particularly for WTI. The outcome may influence sentiment in commodities markets and broader risk assets depending on the perceived durability of the ceasefire agreement.