[U.S. and Iran Reach Consensus on Ceasefire, Hormuz Strait Shipping Volume Drops to Multi-Month Low]
According to Jin10 Data, the Syrian Democratic Forces announced their dissolution, and the U.S. and Iran reached a consensus on the terms of a ceasefire agreement, which includes provisions for free navigation in the Hormuz Strait. On Monday, only one bulk commodity vessel passed through the Hormuz Strait, marking the lowest record since May 7. U.S. President Trump stated that all naval mines in international waters have been removed or detonated and warned that mine-laying ships would be destroyed.
Iran and Oman issued a joint statement proposing the establishment of a temporary navigation channel and the implementation of a joint mine-clearing project, though Iran emphasized that the strait would not be reopened immediately. Pakistan's Interior Minister noted progress in negotiations with Iran, while the U.S. State Department is preparing for diplomats to return to Middle Eastern embassies.
The U.S. has proposed lifting sanctions on Iran in exchange for reopening the strait, but Treasury Secretary Besent reiterated that pressure on Iran would continue. Meanwhile, Iran's Deputy Foreign Minister warned that if the U.S. persists in its actions, Iran will demonstrate new capabilities.
