Trump Agrees to Two-Week Iran Ceasefire to Finalize Talks
Trump said progress with Iran allows a 14-day pause as diplomats seek a final deal and global oil flows remain under pressure.
- On Tuesday, President Donald Trump announced a two-week suspension of military strikes on Iran, contingent on Tehran agreeing to the "COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz" following urgent mediation by Pakistani officials.
- Pakistani Prime Minister Shehbaz Sharif and Field Marshal Asim Munir requested Trump hold back the "destructive force" scheduled for deployment that evening to allow diplomatic efforts to advance. Their intervention triggered the suspension just 90 minutes before the deadline.
- Trump called Iran's 10-point peace proposal a "workable" basis for negotiation, triggering immediate market relief: Dow futures surged 1,000 points while U.S. crude oil plummeted more than 15% to settle near $95 per barrel from $117.
- Iranian Foreign Minister Abbas Araghchi confirmed Tehran accepted the pause and would allow safe passage through the Strait of Hormuz for two weeks. The nation's Supreme National Security Council, however, emphasized this does not signify the war's termination.
- Negotiations are scheduled to begin in Islamabad as the two-week pause unfolds, though the truce remains fragile with both sides maintaining military readiness and offering conflicting accounts of the agreement's terms and scope.
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Trump and Iran Agree to 2-Week Ceasefire
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