A ceasefire deal between the U.S. and Iran was reached just before a deadline set by President Trump. The agreement includes a two-week suspension of U.S. and Israeli bombing, contingent on Iran reopening the Strait of Hormuz. Oil prices fell significantly following the announcement. Trump stated that Iran proposed a 10-point peace plan, which includes conditions such as control over the Strait of Hormuz and acceptance of nuclear enrichment. The ceasefire aims to finalize a long-term peace agreement.
"Trump announced a ceasefire deal with Iran, stating, 'This will be a double sided CEASEFIRE! The reason for doing so is that we have already met and exceeded all Military objectives.'"
"Iran's proposed 10-point peace plan includes conditions like control over the Strait of Hormuz and acceptance of its nuclear enrichment, which the U.S. has accepted."
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