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Ceasefire in Hormuz draws attention to Israel PM race with Polymarket predicting Bibi at 39%. US and Iran agreed on a memo to reopen the strait for 60 days, releasing a potential $120B.
A ceasefire agreement was reached between the United States and Iran on June 14, with a memorandum scheduled to be signed in Geneva on June 19. This agreement will result in the reopening of the Strait of Hormuz for a period of 60 days. Additionally, it is anticipated that this agreement will unlock a significant sum of up to $120 billion.