Iran Agrees To Open Hormuz, Donald Trump Halts Strikes For 2 Weeks, Calls It Ceasefire

Washington: There has been a sudden major turn in the long-running tension between America and Iran. US President Donald Trump has agreed to a two-week ceasefire with Iran. The special thing is that this decision came just before the deadline in which Iran was asked to open the Strait of Hormuz.

Did Trump change his stance at the last moment?

After giving tough statements throughout the day on Tuesday, Trump suddenly showed leniency. Earlier he had warned that if Iran did not accept the conditions, there could be large-scale attacks. But within hours he announced a ceasefire on social media and said that the military objectives had already been achieved.

On what terms did the ceasefire take place?

The most important condition of this agreement is to resume the supply of oil and gas from the Strait of Hormuz. Iran has indicated that if the situation becomes normal, it will stop retaliatory measures and make the sea route safe.

Did Pakistan play an important role?

Pakistan's interference has come to light in this entire incident. Prime Minister Shehbaz Sharif confirmed that representatives of both countries would hold talks in Islamabad. It is being told that this agreement also includes reducing tension on fronts related to Israel.

Has the war stopped completely?

Although ceasefire has been announced, the situation on the ground has not completely calmed down. There is no clear situation regarding stopping the attacks from Israel's side and there have also been reports of missile activity at some places.

What was the impact on the market and the world?

Global markets heaved a sigh of relief as soon as the news of ceasefire arrived. The US stock market rose, while crude oil prices declined. It is clear from this that peace in this region has a direct impact on the economy of the entire world.

What is expected next?

Trump has said that this is two weeks to work towards a permanent peace agreement. On the other hand, Iran has also presented it as acceptance of its conditions. Now the focus is on in which direction the talks move forward and whether this temporary relief can turn into permanent peace.