Iran Keeps Strait of Hormuz Open Amid U.S.-Iran Ceasefire Talks
Iran's Foreign Minister Abbas Araghchi announced that the Strait of Hormuz will remain open to commercial shipping for the duration of the current ceasefire with the United States. This announcement comes as a gesture towards the U.S. amid ongoing negotiations to extend the ceasefire, which is set to expire on April 22. President Donald Trump has indicated progress in talks with Iran, suggesting that Iran is now willing to meet U.S. demands, including halting nuclear weapon development for over 20 years and handing over enriched materials. The announcement has led to a decrease in oil prices, reflecting market optimism about reduced risks to energy supplies. The ceasefire aims to open pathways for broader negotiations, with potential meetings between U.S. and Iranian officials over the weekend. 
