Pakistan quietly brokered the U.S.-Iran pause that calmed the Strait of Hormuz. The reputational currency it just minted may outlast the oil move.

Pakistan brokers US-Iran deal to extend ceasefire 60 days and reopen Strait of Hormuz, which handles 20% of global oil transit. Oil futures fall on

In his social media post, Trump said the strait would be open "toll free" and that the US naval blockade would also end.