
World
The U.S. and Iran Just Agreed to a Ceasefire. Here's What's Actually in the Deal.
A two-week truce halts 40 days of strikes, reopens the Strait of Hormuz, and sets the stage for talks in Islamabad on Friday.
Shaw Beckett·

A two-week truce halts 40 days of strikes, reopens the Strait of Hormuz, and sets the stage for talks in Islamabad on Friday.

The president's 8 p.m. ET deadline threatens strikes on civilian infrastructure while a 45-day ceasefire proposal hangs in the balance.

Markets surged and oil tumbled after Trump's Truth Social post, but Iran flatly denied any negotiations are taking place, calling it market manipulation.

G7 finance ministers are discussing a 300-400 million barrel emergency oil release as the Strait of Hormuz closure sends crude past $100 and gas prices toward historic levels.