Thursday, April 9, 2026

US Iran two-week ceasefire deal announced

The United States and Iran agreed to a conditional two-week ceasefire, announced by President Trump on Tuesday evening, contingent on Iran's complete reopening of the Strait of Hormuz. The truce, brokered by Pakistan, halted 40 days of US-Israeli strikes on Iran and prompted sharp drops in global oil prices and surges in stock markets worldwide. However, ceasefire violations were reported within hours, and significant questions remain about the durability of any long-term agreement.