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Israel has agreed to the terms of the two-week US-Iran ceasefire agreement, White House official says

Following US President Trump's announcement, a two-week ceasefire is in effect, contingent on Iran reopening the Strait of Hormuz, vital for 20% of global oil.

  • On Wednesday, April 8, 2026, President Donald Trump announced a two-week ceasefire with Iran, conditional on Tehran ensuring the "COMPLETE, IMMEDIATE, and SAFE OPENING" of the Strait of Hormuz.
  • Pakistan's Prime Minister Shehbaz Sharif facilitated the deal by urging Trump to extend his 8 p.m. Tuesday deadline, allowing diplomacy to advance as threatened strikes on Iranian infrastructure loomed.
  • Iranian Foreign Minister Seyed Abbas Araghchi confirmed the pause, though Israeli Prime Minister Benjamin Netanyahu stated the ceasefire excludes Lebanon, where operations against Hezbollah continue.
  • Global oil prices fell and markets rallied Wednesday as the ceasefire eased energy supply fears, while UN Secretary-General Antonio Guterres welcomed the truce as necessary de-escalation.
  • Delegations from both nations meet Friday, April 10, 2026, in Islamabad to negotiate a permanent settlement, though Iran's nuclear program and ballistic missiles remain unresolved flashpoints.
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Lean Left

Some welcome the pause in the Israeli-American strikes, while others fear the radicalization of the Islamic regime.

·Montreal, Canada
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BloombergBloomberg
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Financial PostFinancial Post
Lean Left

European Gas Futures Tumble on US-Iran Ceasefire Agreement

·United States
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ReutersReuters
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Center

Major reaction to news of Iran ceasefire

·United Kingdom
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Boston Herald broke the news in Boston, United States on Tuesday, April 7, 2026.
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