Negotiations are underway between the US and Iran to end the Middle East war.

A ceasefire has been in effect since April 8, but the global economy continues to be affected by the blockage of the Strait of Hormuz.

The US Secretary of State has hinted at a possible 'good news' that could solve the problem.

According to American media, this agreement would allow ships to pass through the strait again, through which a fifth of the world's hydrocarbons were consumed before the conflict.

The details of the agreement are still unclear, but it is likely that the strait would remain under Iranian control.