Iran Close to Hormuz Deal, Zelenskyy: No 'Fast End' with Russia

Bloomberg News reported that Iran is close to a deal concerning the Strait of Hormuz, a critical transit route for global oil shipments. Separately, Ukrainian President Volodymyr Zelenskyy said there will be no “fast end” to the war with Russia. The developments leave geopolitical risk elevated, with potential implications for energy flows, shipping and broader risk sentiment.