Thailand welcomes US-Iran ceasefire and Strait of Hormuz reopening
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The Thai government has welcomed the historic ceasefire agreement reached by the United States and Iran, together with the immediate reopening of the Strait of Hormuz , saying it marks an important step towards global economic stability, as the world
Key facts
Tensions in the Middle East , which had continued for several months, reached a significant turning point when President Donald Trump announced the conclusion of a 60-day ceasefire agreement with Iran and the reopening of shipping routes
Immediately after the agreement was announced, the Dow Jones index surged to a new record high, while Brent and WTI crude oil prices fell by more than US$4 per barrel, or about 4.7–4.8%, on hopes that oil would begin flowing out of the
The main terms of the 60-day agreement include an end to military operations, with both sides agreeing to halt attacks in all areas immediately, and the reopening of the Strait of Hormuz, where shipping routes are due to return to normal
No transit fees will be charged during the first 60 days, on a toll-free basis, to stimulate goods transport.
Summary
Tensions in the Middle East , which had continued for several months, reached a significant turning point when President Donald Trump announced the conclusion of a 60-day ceasefire agreement with Iran and the reopening of shipping routes through the Strait of Hormuz.
The agreement not only sent global oil prices sharply lower but also drew praise from the international community, including Thailand, which sees it as a source of hope for restoring economic stability and maritime trade worldwide.