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US and Iran Agree to Two-Week Ceasefire
By Aurax Desk | April 07 2026 | 2 min read
The United States and Iran have agreed to a temporary two-week ceasefire, stepping back from the brink of major escalation after days of threats and rising tensions over the Strait of Hormuz.
Explosions light up the sky amid escalating conflict in the Middle East before a temporary ceasefire was reached.
The United States and Iran have agreed to a two-week ceasefire, stepping back from the brink of major escalation just hours before a deadline set by Donald Trump for potential large-scale military strikes. The pause in fighting is conditional on Iran reopening the strategically vital Strait of Hormuz, a key global oil route.
Donald Trump warned of “devastating attacks” ahead of the ceasefire agreement.
Trump had earlier warned of “devastating attacks” and even suggested that “a whole civilization” could be destroyed if Iran failed to comply, raising global fears of a wider regional war. The conflict, which began with US and Israeli strikes in late February, has already caused significant casualties and widespread damage across the Middle East.
Map showing the Strait of Hormuz, a key global oil route central to the agreement.
Oil tankers transit the Strait of Hormuz, whose reopening is critical to global energy markets.
The ceasefire deal, brokered with mediation from Pakistan, includes ongoing negotiations aimed at reaching a broader peace agreement. Iran has proposed a framework that includes sanctions relief and troop withdrawals, while the US says its main military objectives have largely been achieved.
Oil tankers transit the Strait of Hormuz, whose reopening is critical to global energy markets.
Global markets reacted to the ceasefire, with oil prices falling on hopes of de-escalation.
Despite the temporary halt, tensions remain high, with continued strikes reported in parts of the region and uncertainty over whether the truce will hold. Global markets reacted immediately, with oil prices falling and stock futures rising on hopes of de-escalation.
Sources: Washington Post, Al Jazeera, CNN, AP News
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