US and Iran Reach Tentative Agreement on Two-Week Ceasefire

The United States and Iran have reached a tentative agreement on a two-week ceasefire, paving the way for further diplomatic efforts toward a peace deal.

The ceasefire, which will last for 14 days, was announced by President Donald Trump in a statement on his social media platform. According to Trump, the US has agreed to suspend its military operations against Iran in exchange for Tehran's commitment to resume commercial shipping through the Strait of Hormuz.

The agreement was brokered by Pakistan and its allies, with Prime Minister Shehbaz Sharif and Field Marshal Asim Munir playing key roles in facilitating negotiations between the two sides. Reports suggest that Tehran has agreed to allow commercial shipping to resume through the strait, which has been a major point of contention in recent weeks.

The ceasefire agreement has been met with a positive reaction from markets, with oil prices falling below $100 and US stock futures climbing. The news has also had a ripple effect on the cryptocurrency market, with Bitcoin rebounding sharply to reach an intraday high of $72,379.