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US and Iran Agree to Two-Week Ceasefire Conditional on Strait of Hormuz Reopening
The United States and Iran have accepted a two-week ceasefire proposal mediated by Pakistan, suspending attacks amid the war that began on February 28. The agreement includes Iran's 10-point peace plan proposing negotiations in Islamabad starting April 10. Markets reacted positively with stock rallies and a sharp drop in oil prices.
Mar 25, 1:38 PM·2m read107 sources
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The United States and Iran agreed to a two-week ceasefire in their ongoing war on April 9, 2025, following mediation by Pakistan. U.S. bombing and attacks on Iran for the period, conditional on Iran's immediate and safe reopening of the Strait of Hormuz.
Iran's Supreme National Security Council confirmed acceptance of the ceasefire, approved by the new Supreme Leader Mojtaba Khamenei. U.S. military official cited by Axios. Negotiations to finalize a framework deal are scheduled to begin on Friday, April 10, in Islamabad, Pakistan.
The talks aim to confirm Iran's battlefield achievements politically within a maximum of 15 days.
proposed a 10-point peace plan to the U.
, which includes acceptance of uranium enrichment, commitment to non-aggression, Iran's control over the Strait of Hormuz, and lifting of all primary sanctions. U.S. military goals have been achieved. Iran's Foreign Minister Abbas Araghchi indicated that safe passage through the Strait of Hormuz will be possible via coordination with Iran's Armed Forces, considering technical limitations, if attacks against Iran are halted.
The ceasefire extends to allies, including an immediate halt in Lebanon and elsewhere, as stated by Pakistan's Prime Minister Shehbaz Sharif. Iranian state media reported the ceasefire as established under special conditions between Iran and the American-Zionist enemies, with more details to follow.
Bloomberg reported that Trump pulled back on threats to widen attacks on Iranian civilian targets such as bridges and power plants.
stock markets rallied following the announcement, with the ASX 200 up 2.
9 percent. U.S. 50 per barrel within eight hours of the announcement, extending losses from a 23 percent drop from the day's high. Gold prices rose toward $4,900 per ounce, Bitcoin exceeded $72,000, and silver approached $77 per ounce.
