The ceasefire between the US and Iran has eased fears of a wider conflict and led to the reopening of the Strait of Hormuz, pushing oil prices lower. However, the truce may be tactical rather than permanent, according to analyst cited by Reuters.

Tensions ease in the Gulf as Iran and the US agree to halt recent hostilities and resume talks on the Strait of Hormuz. This de-escalation follows days of strikes and…

An apparent agreement by the US and Iran to pause a fresh outburst of violence stabilized a truce that is the first step to permanently ending the war and underscored that each…