Hegseth on U.S.-Iran deal: "Military might will stay as long as necessary"

AI Summary

The United States and Iran have agreed to a peace settlement ending their military conflict that began in late February, with the accord set for formal signing in Switzerland. The agreement mandates the reopening of the Strait of Hormuz, a paramount maritime channel for global energy commerce, which had been effectively blocked for roughly 15 weeks. The prolonged closure significantly disrupted international oil markets and caused widespread economic consequences.