Bulk Carrier, Belray, in the Gulf, near the Strait of Hormuz on March 22, 2026 in northern Ras al Khaimah, United Arab Emirates. In a statement yesterday, the UAE and nearly two dozen other countries issued a joint statement condemning Iran's "attacks by Iran on unarmed commercial vessels in the Gulf, attacks on civilian infrastructure including oil and gas installations, and the de facto closure of the Strait of Hormuz by Iranian forces." Maritime traffic through the strait, which conveys about 20% of the world's oil and gas, has mostly come to a halt after the joint U.S.-Israeli war with Iran that began on February 28. (Photo: Getty Images / Getty Images) By Steve Holland, Parisa Hafezi, Enas Alashray and Ahmed Tolba
Trump's announcement on social media represented an abrupt turnaround from earlier in the day, when he issued an extraordinary warning that "a whole civilization will die tonight" if his demands were not met.
Pakistan Prime Minister Shehbaz Sharif, who helped mediate the ceasefire, said in a post on X that he had invited Iranian and U.S. delegations to meet in Islamabad on Friday.
Trump said the last-minute deal was subject to Iran's agreement to pause its blockade of oil and gas supplies through the strait, which typically handles about one-fifth of global oil shipments. Iran's foreign minister, Abbas Araqchi, said in a statement that Tehran would stop counter-attacks and provide safe passage through the waterway.
"This will be a double sided CEASEFIRE!" Trump wrote on his Truth Social platform. "The reason for doing so is that we have already met and exceeded all Military objectives, and are very far along with a definitive Agreement concerning Longterm PEACE with Iran, and PEACE in the Middle East."
Iran's Supreme National Security Council portrayed the deal as a victory over the U.S., claiming Trump had accepted Iran's conditions for ending hostilities.
In response, White House press secretary Karoline Leavitt said, "The truth is that President Trump and our powerful military got Iran to agree to reopening the Strait of Hormuz, and negotiations will continue."
The war, now in its sixth week, has claimed more than 5,000 lives in nearly a dozen countries, including more than 1,600 civilians in Iran, according to tallies from government sources and human rights groups.
CONDITIONED ON STRAIT'S REOPENING
Two White House officials confirmed that Israel has also agreed to the two-week ceasefire and to suspend its bombing campaign on Iran. The agreement includes a cessation of Israel's campaign in Lebanon, Sharif said.
It was not immediately clear how soon the ceasefire would take full effect. Israeli media reported it would begin once Iran reopened the strait and that Israel expected Iranian attacks to continue in the interim.
More than an hour after Trump's announcement, the Israeli military said it had identified missiles launched from Iran, and explosions from intercepted missiles could be heard in Tel Aviv. Gulf countries including Kuwait, Bahrain, Saudi Arabia and the United Arab Emirates also issued near-simultaneous alerts and activated air defences.
Trump, who has issued a series of threats in recent weeks only to back away, said progress between the two sides had prompted him to agree to the ceasefire. He said Iran had presented a 10-point proposal that was a "workable basis" for negotiations and that he expected an agreement to be "finalized and consummated" during the two-week window.
Markets breathed a sigh of relief, with U.S. stock futures rising in the minutes following Trump's message. Oil prices fell sharply, with U.S. crude futures CLc1touching their lowest price since March 26.
ABRUPT TURNAROUND
Trump's announcement capped a whirlwind day that was dominated by his threat to destroy every bridge and power plant in Iran unless Tehran reopened the strait. That unnerved world leaders, rattled global financial and energy markets and drew widespread condemnation, including criticism from the head of the United Nations and Pope Leo.
Some international law experts have said attacking civilian infrastructure indiscriminately could constitute a war crime.
The closure of the strait has sharply increased oil prices, escalating the chances of a global economic downturn or even recession. The U.S. Energy Information Administration earlier on Tuesday warned that fuel prices could continue to rise for months even after the strait reopened.
With the U.S. midterm election campaign ramping up, Trump's approval ratings have hit their lowest level ever, leaving his Republican Party at risk of losing its narrow majorities in Congress. Polls show sizable majorities of Americans are opposed to the war and frustrated by the rising cost of gasoline.
As the clock ticked down to Trump's 8 p.m. EDT (0000 GMT) deadline, U.S. and Israeli strikes on Iran had intensified, hitting railway and road bridges, an airport and a petrochemical plant. U.S. forces attacked targets on Kharg Island, home to Iran's main oil export terminal.
(Reporting by Reuters bureaus; Writing by Joseph Ax and Simon Lewis; Editing by Scott Malone and Cynthia Osterman)