Iran has announced it would open the Strait of Hormuz for two weeks. This decision comes after the United States announced a 2-day ceasefire. On April 8, Wednesday, the country announced it would allow ships to transit this major export/import route. Just after the constant threats by President Donald Trump, Iran has come to a peaceful pact.
In a post on X (previously Twitter), Iranian Foreign Minister Abbas Araghchi revealed, “For a period of two weeks, safe passage through the Strait of Hormuz will be possible via coordination with Iran's Armed Forces and with due consideration of technical limitations.”
The Islamic Republic's Supreme National Security Council said in a separate statement that the negotiations will be for two weeks. The message was posted online at 6:32 pm US Eastern time (22:32 GMT), within one and a half hours before Trump’s 8 pm (00:00 GMT) deadline for the attack.
A few days back, Trump issued threats that “a whole civilization will die tonight” if Tehran did not comply with his demands. But now, after a 10-point pact with Iran, he has agreed to suspend his planned bombing of Iran for two weeks. All thanks to Pakistan for its last-minute appeal to suspend the US bombing campaign.
Trump has credited Pakistan with mediating the settlement but has also warned that the deal is contingent on conditions. The US president further wrote, “Based on conversations with Prime Minister Shehbaz Sharif and Field Marshal Asim Munir of Pakistan, wherein they requested that I hold off the destructive force being sent tonight to Iran, and subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz, I agree to suspend the bombing and attack of Iran for a period of two weeks.”
Shortly after Trump’s message, Iran’s Minister of Foreign Affairs Abbas Araghchi confirmed that a tentative agreement had been reached. Considering the current situation, there is expected to be a sense of relief after a long period of war-related tension. Market experts suggest that this would also stabilize the volatile global markets for the time being.