WASHINGTON, Apr 08 (APP): The United States and Iran on Tuesday agreed to a two-week ceasefire proposed by Pakistan, just hours before a deadline set by US President Donald Trump regarding the reopening of the Strait of Hormuz.In a dramatic announcement, President Trump described the move as a “double-sided ceasefire” and claimed that US forces had already met and exceeded their military objectives.
Pakistan played a key intermediary role, proposing that the United States extend its deadline by two weeks, while Iran would allow marine traffic through the Strait of Hormuz during this period. Iran accepted the proposal and assured that its armed forces would coordinate to ensure safe passage through the vital oil and gas route.In a social media statement, President Trump said the decision came after discussions with Pakistan’s leadership, who urged restraint, contingent upon Iran’s agreement to fully and immediately reopen the strategic waterway.“I agree to suspend the bombing and attack of Iran for a period of two weeks,” Trump said, adding that the ceasefire would be mutual.He further revealed that the US had received a 10-point proposal from Iran, which he described as a “workable basis” for negotiations.
The two-week period is expected to be used to finalize a broader agreement that could potentially end the conflict and pave the way for long-term peace in the region.Trump also stated that most of the major issues between the two sides had already been addressed, and the temporary ceasefire would help conclude a comprehensive deal.Meanwhile, global markets responded positively to the development. International oil prices dropped by around 13 percent, while S&P 500 futures indicated a potential gain of over 2 percent at market opening on Wednesday.
