(FILES) Small boats loaded with merchandise sail past the St Kitt's and Nevis-flagged container ship Marsa Victory in the waters of the Strait of Hormuz off the coast of Khasab in Oman’s northern Musandam peninsula on June 25, 2025. The US president sent a peace plan to Iran as he voiced optimism on March 25, 2026 at ending nearly a month of warfare, with Tehran announcing that it will let "non-hostile" oil vessels go through the crucial Strait of Hormuz. Oil prices dropped sharply and stocks in Asia rose on broader de-escalation hopes following nearly four weeks of war, as the US president appeared to be ramping up efforts to bring an end to his joint military operation with Israel. (Photo by Giuseppe CACACE / AFP)

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Updated: March 26, 2026, 4:40 AM