us-iran-reportedly-agree-to-halt-attacks-talks-on-the-30th-may-ease-hormuz-tension

For those watching oil and market sentiment: US site Axios reported on the 28th, citing a US official, that the US and Iran agreed to mutually halt attacks, with talks expected on the 30th, after exchanges around the Strait of Hormuz raised crude and shipping risk. Hormuz is the chokepoint for about a fifth of seaborne oil, so any flare-up moves oil, jet fuel and insurance costs, feeding imported inflation into energy-dependent economies like Japan. If de-escalation holds, it is positive for oil, airline costs and risk sentiment, but 'agreement' and a real ceasefire differ, and the talks are the key. The report rests on a single outlet citing officials; official confirmation and market reaction remain to be seen.