Trump Announces 2-Week US-Iran Ceasefire Deal After Pakistan Mediation
President Trump announced a two-week ceasefire between the US and Iran after Pakistan's leaders asked him to halt planned military strikes. Iran agreed to completely reopen the Strait of Hormuz, a key oil shipping route.
President Trump said he agreed to "suspend the bombing and attack of Iran for a period of two weeks" after Pakistan's Prime Minister Shehbaz Sharif and Field Marshal Asim Munir asked him to hold off on planned strikes.
In exchange, Iran agreed to completely reopen the Strait of Hormuz, the narrow waterway that connects the Persian Gulf to the open ocean. About one-fifth of all global oil shipments pass through this 21-mile-wide channel.
Trump announced the deal on Truth Social, saying the US had met all its military objectives. He also pointed to Iran's 10-point plan as a starting point for longer peace talks.
The ceasefire is just the beginning. Both sides will need to negotiate a permanent agreement before the two weeks end. Iran has been blocking ships in the strait during recent tensions, which has worried oil markets worldwide.
The Strait of Hormuz handles about 20% of the world's oil shipments. When it's blocked, gas prices can spike globally. This deal could prevent a major Middle East war that would affect energy costs and the global economy.
Negotiators have two weeks to work out a long-term peace deal using Iran's 10-point plan as a foundation.
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