Trump declares victory after a last-minute ceasefire forces Iran to reopen the Strait of Hormuz, easing global oil disruptions and halting imminent U.S. strikes. With hundreds of ships still backed up, Trump proposes a controversial U.S.–Iran "joint venture" to secure the waterway and potentially manage transit operations together. As negotiations continue during the temporary truce, questions remain about whether this deal signals a true end to the conflict or just a pause before the next phase.

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