The United States is reportedly nearing a one-page memorandum of understanding with Iran aimed at de-escalating the conflict and establishing a foundation for future nuclear talks. U.S. Secretary of State Marco Rubio declared that offensive operations against Iran have concluded. Concurrently, China's Foreign Minister Wang Yi urged an immediate cessation of hostilities and the reopening of the Strait of Hormuz. This diplomatic push follows President Trump's decision to halt U.S. military escorts in the Strait of Hormuz after only one day. Amidst these developments, oil prices declined, European stocks rose, and a French shipping company reported an attack on one of its vessels in the Strait of Hormuz, while Israel issued evacuation warnings for villages in south Lebanon and the UAE reported attacks from Iranian missiles and drones.