Updated

US President Donald Trump announced that all mines have been cleared from the Strait of Hormuz, the critical oil shipping waterway that Iran had closed since the start of its conflict with the US and Israel. The closure had caused significant fluctuations in global oil prices throughout the conflict. Iran has since signaled a shift toward reopening the strait, saying it is preparing to draft conditions for doing so following requests from international mediators, according to Al Jazeera's live coverage of the situation. The move suggests Tehran may be moving toward formalizing terms for restoring shipping traffic through the vital waterway, though no timeline or specific conditions have yet been disclosed.