US-Iran De-escalation & Hormuz Deal

Trump called off planned strikes, signaling talks restart. Markets surged on de-escalation hopes; oil sank 5.5%. However, new doubts about Hormuz reopening have lifted oil prices. Iran issued new demands over the Strait of Hormuz on Aug 8, complicating reopening efforts. Trump says Hormuz deal could be announced as early as Wednesday, but skepticism persists. Diplomatic efforts ongoing, with Israel-Lebanon talks and Houthi attacks adding complexity.