The United States and Iran have agreed to a two-week ceasefire in the ongoing Middle East conflict, with plans to reopen the Strait of Hormuz, a key global oil route.
The development follows a decision by U.S. President Donald Trump to suspend planned military strikes on Iran.
The ceasefire, brokered by Pakistan with support from China, comes just hours before a deadline set by the U.S. for Iran to comply or face further escalation.
U.S. President Donald Trump said he would hold off on planned attacks if Iran agreed to the temporary ceasefire and reopened the Strait of Hormuz.
He noted that Iran had proposed a “workable” 10-point peace plan to help end the conflict.
Iran’s Supreme National Security Council confirmed acceptance of the ceasefire and said negotiations with the U.S. would begin in Islamabad.
Iran’s Foreign Minister, Abbas Araghchi, also stated that passage through the Strait of Hormuz would be allowed during the ceasefire period under Iranian military oversight.
The ceasefire comes amid rising global concerns over the legality and impact of the conflict.
UN Secretary-General António Guterres expressed alarm over the rhetoric and its potential humanitarian consequences.
The situation had heightened geopolitical tensions and raised concerns over global energy supply disruptions.
Despite the ceasefire announcement, tensions remain high across the region.
The ceasefire was influenced by diplomatic engagements involving Pakistan’s leadership and military officials.
The demands signal a broader attempt by Iran to reshape geopolitical dynamics and global oil trade flows.
The Strait of Hormuz remains one of the most critical oil transit routes globally, handling a significant share of daily crude shipments.
The outcome of the ceasefire and subsequent negotiations is expected to have far-reaching implications for global oil markets and regional stability.