The United States and Iran have reportedly agreed to extend a 60-day ceasefire, according to a post on social media platform @Kalshi. This decision is part of broader efforts to de-escalate conflicts linked to nuclear talks and the reopening of the Strait of Hormuz. The situation nonetheless remains fragile, as the conflict remains unresolved and dependent on further diplomatic efforts. Market activity reflects this development, with traders viewing the extension as supportive of a formal agreement affecting Strait of Hormuz traffic.
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