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US and Iran Reach Two-Week Ceasefire Agreement; Strait of Hormuz to Reopen

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Signs of easing tensions have emerged between the United States and Iran. About 90 minutes before the deadline, US President Trump announced via social media that US military action against Iran would be suspended for two weeks, on the condition that Iran reopens the key energy route, the Strait of Hormuz.

Trump stated that both sides have reached a “mutual ceasefire” understanding and noted that a 10-point peace plan submitted by Iran provides a basis for negotiations. The next two weeks will be used to finalize the agreement.

According to Iranian official sources, the plan was transmitted to the US via Pakistan and covers control and management of strait passage, establishment of a security mechanism, cessation of military actions against Iran and its allies, US troop withdrawal from the Middle East, lifting of sanctions, and release of overseas assets. The plan also calls for the UN Security Council to adopt a binding resolution for formal confirmation. Iran emphasized that the ceasefire does not equate to the end of the war and that the conflict will only officially end once the plan’s details are implemented.

The Iranian Foreign Ministry also stated that during the two-week negotiation period, coordinated by the military, vessels will be allowed safe passage through the Strait of Hormuz. Talks are expected to be held in Islamabad, Pakistan, for a maximum of 15 days, aiming to translate battlefield outcomes into a political agreement.

Pakistani Prime Minister Sharif confirmed that the ceasefire is effective immediately, with its scope extending to Lebanon and other areas, and invited representatives from all sides to Islamabad for further negotiations before the deadline.

Following the ceasefire announcement, international markets reacted swiftly: oil prices fell and stock markets rose, reflecting investor optimism about the restoration of energy supplies. Previously, the US and Israel had warned that, if no agreement was reached, they would launch large-scale strikes on Iranian infrastructure. Recent airstrikes had already impacted bridges, airports, and petrochemical facilities, sharply intensifying regional tensions.

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