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U.S. Domestic1d 2h ago
The U.S. and Iran signed a memorandum Thursday to open the Strait of Hormuz, ending a war.
Strait of Hormuz
Who
U.S., Iran
What
The U.S. and Iran signed a memorandum Thursday to open the Strait of Hormuz, ending a war.
When
Thu, 18 Jun 2026 12:00:00 GMT · 1d 2h ago
Where
Strait of Hormuz ·
Why
ending a war that has upended global energy supply chains, pushed inflation higher and dented the outlook for growth.
The Frontline Impact
How this affects you
Economic damages from the nearly four months of war, including higher inflation and supply chain disruptions, are largely 'baked in' and will take months to unwind, affecting global growth forecasts and central bank policy.
Story chain
1 event in this threadNo related history yet - this is the origin event.