Oil prices decline after Pakistan announces a US-Iran agreement that would reopen the Strait of Hormuz, a key shipping route for Middle East oil. The BBC and other outlets report that US President Donald Trump says the strait is expected to reopen after the deal is planned to be signed on Friday. The Citizen adds that Iran has blockaded the waterway since the start of the current conflict, a move that had driven oil prices higher and contributed to fears of a prolonged inflation impact. The Buenos Aires Times links the prospective reopening to a broader effort to reduce months of deadly conflict and related economic turmoil following US-Israeli strikes on Iran in late February. Across the reports, the central point is that restoring passage through the strait is expected to ease supply concerns, which is reflected in the drop in oil prices. The sources differ mainly on emphasis—some focus on the pricing reaction and timing of reopening, while others place it within the wider conflict and economic consequences—but they broadly agree on the deal’s purpose and the expected date for signing.