Overview
- A two-week truce announced Tuesday between the United States, Iran and Israel pauses strikes and sets U.S.–Iran talks for Friday in Pakistan’s capital.
- Iran says it will coordinate safe passage through the Strait of Hormuz for 14 days, while the U.S. has suspended attacks, easing pressure on a waterway that carries about one-fifth of seaborne oil.
- Israel backs the pause yet says it does not cover Lebanon, and its forces kept operating there with reports of deadly strikes in Beirut and continued exchanges with Hezbollah.
- Iran has floated a 10-point plan that seeks sanctions relief, recognition of enrichment, a role over Hormuz and compensation, while past U.S. proposals sought removal of enriched uranium and missile curbs, highlighting wide gaps to bridge.
- Hours after the announcement, Gulf states reported intercepts and alerts as markets pulled back from worst-case fears and oil dipped, with shippers and residents in the region watching to see if the ceasefire holds.