US President Donald Trump has agreed to a temporary two-week ceasefire with Iran, contingent on Tehran reopening the strategically vital Strait of Hormuz, marking a significant but fragile de-escalation in the ongoing Middle East conflict.
The announcement came just hours before a self-imposed US deadline for major military escalation, with Trump stating he would suspend planned strikes if Iran ensured the “complete, immediate and safe” reopening of the key maritime corridor.
Iran signaled its readiness to comply, indicating it would halt counterattacks and allow safe passage for global shipping through the strait, provided that US and allied strikes against its territory cease.
The Strait of Hormuz, through which roughly one-fifth of the world’s oil supply typically passes, has been at the center of the crisis. Its effective closure by Iran in recent weeks caused severe disruptions to global energy markets, with tanker traffic collapsing and oil prices surging amid fears of prolonged supply shortages.
The current ceasefire appears to be part of broader diplomatic efforts led by regional actors, particularly Pakistan, which has been actively mediating between Washington and Tehran. Talks are expected to continue in the coming days, with both sides exploring a potential longer-term settlement based on proposals already exchanged.
Despite the breakthrough, uncertainty remains high. Analysts warn that the truce is fragile, with continued military activity reported in parts of the region and skepticism over whether the agreement can lead to a lasting resolution.
The conflict, now entering its second month, has already resulted in thousands of casualties and triggered one of the most significant disruptions to global energy supply in decades.
Financial markets reacted positively to the announcement, with oil prices dropping and global stocks rising on expectations of reduced geopolitical risk.
While Trump described the ceasefire as a step toward “long-term peace,” Iranian officials have emphasized that negotiations remain ongoing and that a comprehensive agreement addressing sanctions, security guarantees, and regional dynamics will be required to fully end the war.
Header image: Francis Chung/POLITICO
