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President Donald Trump on Tuesday announced a two-week ceasefire with Iran, saying the pause in hostilities marks a “big day for world peace” after weeks of escalating conflict.
In a post on Truth Social, the president said both sides were ready to halt fighting and shift toward negotiations.
“Iran wants it to happen, they’ve had enough! Likewise, so has everyone else! The United States of America will be helping with the traffic buildup in the Strait of Hormuz,” he wrote.
“There will be lots of positive action! Big money will be made. Iran can start the reconstruction process,” he added. “We’ll be loading up with supplies of all kinds, and just ‘hangin’ around’ in order to make sure that everything goes well. I feel confident that it will.”
The White House said President Trump agreed to “suspend the bombing and attack of Iran for a period of two weeks” following discussions with Pakistani Prime Minister Shehbaz Sharif and military leader Asim Munir.
The president described the arrangement as a “double sided ceasefire,” saying U.S. forces have already achieved key military objectives and that negotiations toward a broader agreement are “very far along.”
According to the administration, Iran has submitted a 10-point proposal that could serve as a framework for continued talks.
Iranian Foreign Minister Seyed Abbas Araghchi said Tehran would halt its operations if attacks cease, adding that safe passage through the Strait of Hormuz would be allowed during the two-week period, subject to coordination with Iranian forces.
The strategic waterway, which carries roughly one-fifth of the world’s oil supply, had been effectively closed after U.S. and Israeli strikes began earlier this year.
Israel signaled support for the pause. The office of Prime Minister Benjamin Netanyahu said it backs Trump’s decision, while noting the ceasefire does not apply to Israel’s ongoing conflict with Hezbollah in Lebanon.
Financial markets reacted quickly to the announcement. Oil prices, which had surged amid concerns about supply disruptions, fell after the ceasefire was revealed, while U.S. stock futures improved.