US and Iran agree to two-week ceasefire, Strait of Hormuz to reopen

The United States and Iran have agreed to a two-week ceasefire. The agreement includes the reopening of the Strait of Hormuz, a critical waterway for global oil shipments that had been a focal point of recent tensions.

The ceasefire was reportedly brokered with Pakistan's involvement, following a proposal from Tehran. US officials, including Senator J.D. Vance, have described the agreement as 'fragile' and noted that President Trump is 'impatient to make progress' on the situation.

The deal aims to temporarily ease fears of a wider conflict and a potential energy crisis. The reopening of the Strait of Hormuz is a key immediate outcome of the agreement.