#us-iran-ceasefire

#us-iran-ceasefire

“Right now, we're doing a pause in order to make sure we have the munitions we need for Epic Fury which we have plenty,” Cao told the Senate Appropriations Subcommittee on Defense. “But we're just making sure we have everything, but then the foreign military sales will continue when the administration deems necessary.”

The dollar index rose on Tuesday, reversing previous losses as renewed doubts over the durability of the US-Iran ceasefire revived demand for the currency. Risk appetite deteriorated after President Donald Trump rejected Tehran's latest proposal and warned that the ceasefire was "on life support," raising fears that tensions could intensify again.

The reopening of Hormuz is critical to the world's oil trade because its closure has resulted in the loss of millions of barrels of supply to global markets. A resumption would alleviate pressure on increasingly tight physical markets everywhere.