Cautious optimism about the war’s end

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Iran says it’s reopening the Strait of Hormuz, and oil prices fell in response.

Vessels pass through Strait of Hormuz following US-Iran ceasefire

A view of the vessels passing through Strait of Hormuz following the two-week temporary ceasefire reached between the United States and Iran on the condition that the strait be reopened, seen in Oman on April 08, 2026.Shadi J.H. Alassar / Anadolu via Getty Images

April 17, 2026, 6:00 PM EDT

By Yasmin Vossoughian and Emily Ngo

The ceasefire between Israel and Lebanon appears to be paving the way for a peace deal between the United States and Iran, whose separate-but-related truce is set to expire on Wednesday.

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