US, Iran Seal Last-Minute Ceasefire Deal With Two-Week Hormuz Opening Commitment Amid Global Oil Supply Concerns
This image was generated by AI and may not depict real events.
The United States and Iran have agreed to a two-week ceasefire, with Iran committing to reopen the Strait of Hormuz to shipping traffic. The agreement was announced just before a deadline set by President Donald Trump, and delegations from both countries are expected to hold peace talks in Islamabad to negotiate a conclusive agreement.
The US and Iran agreed to a ceasefire, with Iran reopening the Strait of Hormuz for two weeks. The strait, which normally transits 20% of the world's oil, has been closed since the conflict began on February 28. Iranian Foreign Minister Abbas Araghchi confirmed safe passage through the strait. The agreement came after intensive overnight negotiations mediated by Pakistan's Prime Minister and Field Marshal. US crude oil prices fell over 9% after the announcement. Delegations from both countries will hold peace talks in Islamabad on April 10 to negotiate a conclusive agreement.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.