The US and Iran have announced a preliminary agreement to end their conflict, potentially resolving the global energy crisis. The deal aims to reopen the Strait of Hormuz, a vital oil and gas route, which has been closed since February 2026, impacting global prices and supply.
The US and Iran have announced a preliminary agreement to end their conflict, potentially resolving the global energy crisis. The deal aims to reopen the Strait of Hormuz, a vital oil shipping route, which was closed by Iran in February 2026, causing significant oil supply disruptions and price hikes. While the agreement offers hope, experts caution that restoring normal energy flows will take months due to damaged infrastructure and logistical challenges.
The Egyptian President is actively involved in resolving the Iran crisis, maintaining constant contact with all parties and engaging in dialogue with Russia, according to a Russian official.
Russia's Security Council Deputy Secretary Alexander Venediktov pledged close cooperation with Iran to seek a peaceful resolution to the Middle East crisis, condemning US and Israeli aggression against Iran.
