Russian state news agency RIA Novosti reported on the 25th that the United States and Iran had agreed to a ceasefire covering free passage through the Strait of Hormuz, citing sources in Pakistan and Iran. The sources said an announcement could come within days, but no terms were disclosed and their reliability could not be independently determined. Oil markets reacted to expectations of reduced Middle East tensions, with Brent crude falling 3.89% to $88.58 a barrel and West Texas Intermediate declining 3.12% to $82.36. Iran is also nearing an agreement with Oman on a temporary shared maritime corridor through the strait, alongside a joint mine-clearance project intended to restore navigation. Other reports said Iran's hardline Islamic Revolutionary Guard Corps had conveyed conditions for reopening the waterway to Washington through Pakistan. Separately, CBS reported that Central Intelligence Agency Director John Ratcliffe traveled to Moscow to meet Russian officials for the first time since taking office, while U.S. media speculated that the discussions covered Iran and the war in Ukraine, which is approaching four and a half years. Axios reported that Secretary of State Marco Rubio told foreign ministers from several allied countries that Washington would refrain from military action against Iran for the time being. Qatar-based broadcaster Al Jazeera, however, cited a White House official as saying the Trump administration was not negotiating with Iran to end the war and had no such talks scheduled. Tensions also rose after reports emerged that Iranian state broadcaster IRIB had aired a three-minute video asking where to kill Barron Trump, the president's youngest son. Some analysts said the oil-price decline reflected profit-taking and judged that Washington's economic-pariah measures against Iran, announced the previous day, were less severe than expected.