---
title: "US, Iran edge toward ceasefire extension and strait reopening"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288184569.md"
description: "The US and Iran have tentatively agreed to extend a ceasefire and reopen the Strait of Hormuz, easing oil prices. However, key disputes regarding nuclear activities, sanctions, and regional conflicts remain unresolved. Analysts warn that a full return to prewar market levels may take over a year due to these lingering challenges."
datetime: "2026-05-31T22:25:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288184569.md)
  - [en](https://longbridge.com/en/news/288184569.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288184569.md)
generator: "portal-rs"
---

# US, Iran edge toward ceasefire extension and strait reopening

Tentative breakthrough: Washington and Tehran have agreed in principle to extend a ceasefire and reopen the Strait of Hormuz, but key disputes remain unresolved. Market reaction: Oil prices and gasoline costs have eased from peaks, yet analysts warn a full return to prewar levels could take over a year. Lingering challenges: Disagreements over Iran’s nuclear activities, sanctions relief, and regional conflicts could still derail progress toward a lasting peace.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**