U.S.-Iran Ceasefire Holds for Second Week as Hormuz Transit Resumes

The ceasefire between the United States and Iran remains stable entering its second week, with no major military or proxy escalations reported in the last 24 hours. Under the current terms, Tehran is facilitating safe passage for maritime traffic through the Strait of Hormuz. In a unique diplomatic arrangement, transit fees are being collected and shared with Oman, highlighting Muscat's pivotal role in mediating economic incentives to maintain the peace. Market response to the de-escalation has been overwhelmingly positive, with U.S. stocks and Treasuries rallying as volatility in oil prices begins to subside. However, financial leaders remain cautious; JPMorgan Chase CEO Jamie Dimon noted that while the current stability is welcome, the global economy remains vulnerable to any sudden renewal of tensions or an outright conflict. Analyst Trita Parsi of the Quincy Institute suggested that President Trump’s approach reflects a recognition of the 'unwinnable' nature of a full-scale regional war. While the truce has successfully paused active hostilities and cyberattacks on U.S. infrastructure, experts warn the arrangement is fragile. The underlying issues, including Iran's nuclear program and regional proxy frictions, remain unresolved as both nations use the temporary calm to reassess their long-term strategies.