Middle East crisis live: Iran says strait of Hormuz could reopen after US pauses operation

Iran views the US pause in Operation Freedom at the Strait of Hormuz positively, stating it could contribute to lasting peace and stability. Oil prices have fallen due to expectations of an end to the war between the US and Iran, and both sides are working towards a framework for nuclear program negotiations and sanctions relief through a one-page agreement. This agreement would include coordination of restrictions and awaits Iran's response within the next 48 hours.