Iran says it has received a U.S. counterproposal to its seven-day ceasefire plan, which includes reopening the Strait of Hormuz in phases. That is movement in the talks, not a deal.
Oil flows through Hormuz have largely recovered, but shipping insurance costs and security risks are still keeping the return to normal in doubt.
Analysts have raised their 2026 oil-price forecasts as hopes for a quick easing of the disruption fade—a reminder that diplomacy here...
