WASHINGTON: In a dramatic shift of events, US President Donald Trump has announced a two-week suspension of military strikes against Iran, calling it a “double-sided ceasefire.” The temporary truce is strictly conditional upon Tehran agreeing to the “complete, immediate, and safe opening” of the Strait of Hormuz. Following this announcement on Truth Social, global oil prices tumbled, and US stock futures saw a significant jump, providing much-needed relief to the global economy.
Responding on behalf of Iran’s Supreme National Security Council, Foreign Minister Abbas Araghchi stated that the Iranian armed forces would cease their military operations provided that all attacks against Iran are halted. Earlier, the Revolutionary Guards had threatened to target US energy assets, but the latest diplomatic breakthrough suggests a pause in hostilities. President Trump confirmed that the United States would assist in managing the “traffic buildup” in the strategic waterway to ensure smooth international shipping.
“A big day for World Peace! Iran wants it to happen, they’ve had enough!” Trump wrote, expressing confidence that the situation would lead to positive outcomes. He further noted that Iran could now focus on the reconstruction process after weeks of devastating conflict. Describing the moment as a potential turning point, the US President remarked that just as the US is prospering, this could mark the beginning of a “Golden Age for the Middle East,” with major economic opportunities lying ahead for the region.
With input from Iran International.
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