US and Iran sign peace deal to reopen Strait of Hormuz

Mint reported that the United States and Iran announced a peace deal. The agreement aims to reopen the Strait of Hormuz to shipping. The deal follows recent tensions affecting the waterway. Both parties presented the pact as a step toward stability. The article notes the strategic importance of the strait for global trade. No timeline for implementation is provided in the brief. The announcement reflects diplomatic efforts to de‑escalate regional conflict. Analysts will monitor the impact on oil markets and navigation.