Iran and US Agree Two‑Week Ceasefire, Reopen Hormuz
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- Abbas Araghchi confirmed that ships would have safe passage through the Strait of Hormuz for two weeks.
- United States and Iran agreed to a two‑week ceasefire just before President Donald Trump's April 8 deadline to destroy Iran, averting a potential escalation.
- Tehran agreed to temporarily reopen the Strait of Hormuz, a key route for global oil, gas and fertilizer shipments, easing concerns for the global economy.
- Antonio Guterres called on all parties to pave the way toward a lasting and comprehensive peace following the ceasefire announcement.
- Tehran displayed an anti‑US billboard in Islamic Revolution Square warning that the Strait of Hormuz would remain closed, reflecting domestic anti‑U.S. sentiment.
Why it matters: The ceasefire restores passage for oil, gas and fertilizer shipments, benefitting global markets and economies strained by the Hormuz blockage, while Iran avoids immediate military escalation and buys time for diplomatic talks. The United States also averts a costly conflict and the fallout from Trump's deadline.
