After more than five weeks of Israeli-American strikes on Iran and as Donald Trump’s ultimatum was about to expire, a ceasefire agreement was reached for two weeks on Tuesday night, in exchange for the reopening of the Strait of Hormuz.
The United States and Iran agreed on a two-week ceasefire on Tuesday night, just over an hour before Donald Trump’s ultimatum to destroy the Islamic Republic was set to end.
Following discussions with Prime Minister Shehbaz Sharif and Marshal Asim Munir of Pakistan, during which they requested suspension of military intervention against Iran, US President Donald Trump agreed to halt bombings and attacks for a period of two weeks.
In the midst of a series of ultimatums issued by Donald Trump to Iran, Tehran was given until 8pm in Washington (2am in Paris) to reopen the strategic maritime passage, through which 20% of the world’s oil passed before the war.
Donald Trump also mentioned “very advanced” discussions for a long-term peace agreement with Iran. Tehran proposed a 10-point plan that Trump described as a basis for negotiation.
Iran confirmed that they agreed to reopen the Strait of Hormuz for two weeks if attacks against them stopped. The Iranian government stated that negotiations with the US would take place in Islamabad.
The French President, Emmanuel Macron, is convening a defense and national security council on Wednesday morning to discuss the ceasefire agreement.
The announcement of the ceasefire was welcomed by international stock exchanges, especially oil markets, which reacted quickly as fuel prices are expected to drop by “5 to 10 cents” per liter very soon.
In response to the ceasefire agreement, oil prices dropped by 15% and European gas prices decreased by about 20% on Wednesday morning.
/2026/04/08/69d59b440d72c679716480.jpg "Middle East War: Iran agrees to negotiate with the United States for two weeks in Islamabad")
