Pakistan mediates last-minute breakthrough
The United States and Iran agreed to a ceasefire late Tuesday following a last-minute diplomatic intervention led by Pakistan, halting a looming escalation just hours before a US military deadline.
US President Donald Trump confirmed the two-week pause shortly before his self-imposed deadline to launch strikes on Iranian infrastructure. The agreement is conditional on the immediate reopening of the Strait of Hormuz, a vital global energy route.
Pakistan’s Prime Minister Shehbaz Sharif reportedly requested the temporary ceasefire to allow diplomacy to continue, with both sides now expected to explore a broader agreement.
Strait of Hormuz reopens under conditions
As part of the US-Iran ceasefire, Iran agreed to allow safe passage through the Strait of Hormuz, coordinating with its armed forces. The waterway is a key conduit for global oil and gas supplies, and its reopening prompted immediate market reactions.
Oil prices dropped, global stocks surged, and the US dollar weakened amid expectations that energy flows would stabilise. However, uncertainty remains over how fully Iran will ease control over the strait.
Reports suggest vessels could face transit fees, while Iran may retain oversight of movement through the route during the ceasefire period.
Trump halts strikes hours before deadline
Trump announced the agreement less than two hours before a planned military escalation, after earlier warning that failure to reach a deal could result in devastating consequences.
The US president described the US-Iran ceasefire as a “big day for world peace”, claiming both sides had already achieved key military objectives and were close to a longer-term agreement.
Despite the announcement, strikes were reported in parts of Iran shortly before the deadline, underscoring the fragile nature of the situation.
Israel backs deal but tensions remain
Israel later confirmed it supports the US-led ceasefire but clarified the agreement does not extend to operations involving Hezbollah in Lebanon. This raises concerns that regional tensions could persist despite the temporary pause between Washington and Tehran.
Confusion also emerged over Iran’s proposed 10-point peace plan, with discrepancies between Farsi and English versions, particularly regarding uranium enrichment.
Global reaction cautious but hopeful
Governments worldwide welcomed the development, while urging caution. Iraq called for sustained dialogue, while Australia warned against assuming immediate fuel price relief.
Japan, South Korea, and New Zealand expressed hope that negotiations would lead to a lasting agreement, with talks expected to take place in Islamabad later this week. Iran has confirmed participation, while the US has yet to formally respond.
The US-Iran ceasefire is seen as a critical window for diplomacy after five weeks of escalating conflict, though continued regional strikes highlight the risk of renewed hostilities.
Also read: Trump: “whole civilization will die tonight” unless Iran accepts a deal
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