Two‑week US–Iran ceasefire reopens Strait of Hormuz, eases airspace risk and cools fuel markets
President Trump agreed to a two‑week US–Iran ceasefire late Tuesday, brokered as the Strait of Hormuz reopened, prompting airlines to cautiously consider restoring Gulf routings and markets to rally as oil slipped below $100/bbl. The pause reduces immediate airspace risk but jet‑fuel supply vulnerabilities persist.