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Analysts said energy and shipping companies would be reluctant to fully restore operations until they were confident that hostilities were over.
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I have been chatting with some of the world's most powerful people about the conflict and the economy. Here's what they said.
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Iran's military said on Saturday the Strait of Hormuz has "returned to its previous state." The announcement came after President Trump had said the blockade on Iranian ports would remain in place.
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Iranian military officials said Saturday that conditions in the Strait of Hormuz have reverted to "strict control," citing the continued U.S. blockade of its ports, just one day after declaring the waterway "completely open.""Control over the Strait of Hormuz has returned to its previous state, and this strategic waterway is now under strict management and control of the armed forces," a spokesperson for Iran's Khatam al-Anbiya military command headquarters said."Until America allows
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The truce appeared to mostly hold even as Israel said it had carried out strikes on what it called "terrorists" approaching its forces in southern Lebanon. Separately, a U.N. peacekeeper was killed.
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The Trump administration made the announcement hours after Iran said that the Strait of Hormuz was open to commercial ships.
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Even amid uncertainty over whether Hezbollah would uphold the truce, Lebanese residents expressed relief at the prospect of quiet, and aid groups were mobilizing help.
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Howard Lutnick, President Trump's commerce secretary, derided Canada's trade strategy and said a North American deal needed to be reworked.
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The Metropolitan Police said that the building had not been attacked but that they were assessing "discarded items" in Kensington Gardens, a nearby park, which was cordoned off.
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