A peace agreement between the United States and Iran has been reached, resulting in the reopening of the Strait of Hormuz. Indonesian Finance Minister Purbaya Yudhi Sadewa expressed optimism regarding the deal. The reopening of this crucial waterway is expected to have a positive impact on global oil prices, potentially leading to a decrease. The agreement aims to de-escalate tensions in the region, which had previously disrupted shipping routes and contributed to price volatility. Minister Sadewa’s reaction included a celebratory gesture referencing former US President Donald Trump. Further details regarding the specifics of the agreement have not yet been released, but the initial response suggests a positive outlook for international trade and energy markets.