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Ceasefire Agreement
The US and Iran agreed to a conditional two-week ceasefire.
“Iran and the US have agreed to a conditional two-week ceasefire, during which shipping traffic will be allowed through the Strait of Hormuz”
The deal required Iran to reopen the Strait of Hormuz.
Trump framed the ceasefire as a victory.
Iran's Parliament Speaker declared the ceasefire unreasonable.
Israel continued strikes in Lebanon, not covered by the deal.
Strait of Hormuz Uncertainty
The Strait of Hormuz remained a flashpoint during the ceasefire.
BBC reported the deal required Iran to reopen the strait.
Iranian state media said shipping traffic was halted again.
The economic impact was immediate.
Oil prices rose again after initially dropping.
Continued Fighting and Regional Chaos
Fighting continued despite the ceasefire.
“At least 182 were killed and hundreds wounded after Israel carried out the largest coordinated strike on Lebanon”
Lebanese authorities reported at least 182 killed in Israeli strikes.
The Trump administration said the ceasefire does not include Hezbollah operations.
Persian Gulf states responded to retaliatory Iranian attacks.
Pakistan sealed off parts of Islamabad ahead of peace talks.