June 25, 2026 — Daily Digest¶

Status: CRISIS TRANSITIONING — Ceasefire Holding, Partial Recovery Underway¶

Key Developments¶

Hormuz: First Post-MoU Transits¶

• First vessels transit Strait of Hormuz under new toll-free 60-day regime following June 17 MoU
• US naval blockade of Iranian ports lifted immediately upon MoU signing
• Iranian oil exports resume for first time since blockade began ~April 2026

Oil Market Response¶

• Brent: ~$73–74/barrel (modest decline from June peak of $86)
• Market pricing in supply recovery; forward curve weakening

Ceasefire Status¶

• Ceasefire holding but fragile
• Both sides maintaining military positions
• Indirect US-Iran talks ongoing via Qatar/Omni channel

Sources¶

• CNN reporting (July 1 summary citing June 25 developments)
• Straits.live daily tracker data