Iran and US Agree on Two-Week Ceasefire and Reopening of Strait of Hormuz Port

The United States and Iran have announced a two-week ceasefire. This agreement was reached shortly before the deadline set by US President Donald Trump, who had warned that “all civilization would be destroyed.”

Iranian Foreign Minister Abbas Araghchi stated that, in coordination with the Iranian armed forces, safe passage through the Strait of Hormuz will be ensured. Israel, involved in the conflict, has also indicated that it will comply with this ceasefire agreement.

Iran confirmed that it presented a 10-point plan for the ceasefire to the US through Pakistan, which served as a mediator in the negotiations. Following the ceasefire agreement, fuel prices have begun to decline. The price of crude oil, which was trading at $100 per barrel as of Tuesday, has dropped to $94.5 per barrel. Asian stock markets have also reached higher levels following the agreement.