Secretary of State Marco Rubio stated this evening that the US military operation against Iran known as Epic Fury is now concluded.
He said the focus has shifted to reopening the Strait of Hormuz under Project Freedom.
The ceasefire remains shaky but holding for now despite recent Iranian strikes on vessels and the UAE.
Rubio emphasized the US is prepared to respond if Iran escalates further.
Rubio calling the operation over is a big development after weeks of tension. This could calm markets short term but the situation stays very fragile.