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IRAN AND US AGREE TO CONDITIONAL TWO-WEEK CEASEFIRE AND OPENING OF HORMUZ STRAIT

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Donald Trump says he agrees to a proposed two-week ceasefire between the US and Iran if shipping traffic is allowed to move through the Strait of Hormuz.

Iranian Foreign Minister Abbas Araghchi says Tehran will agree to the end in fighting “if attacks against Iran are halted.”

Israel says it supports Trump’s decision to suspend strikes on Iran, but the two-week ceasefire “does not include Lebanon” – Pakistan’s prime minister says it does.

The ceasefire came just over an hour before Trump’s 20:00 EDT (01:00 BST) deadline for Iran to make a deal or else a “a whole civilisation will die.”

Pakistan, which has been acting as a mediator, has invited both sides for talks in Islamabad on Friday.

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A deficit in trust between the US and Iran will make these negotiations very difficult, BBC Persian’s correspondent in Washington writes

Oil prices have fallen sharply since the announcement of the ceasefire, now trading well under $100 a barrel.

[BBC News]

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