Temporary truce follows last-minute diplomacy, easing fears of escalation and disruption to global oil supplies
Washington, April 8 — US President Donald Trump has announced a two-week ceasefire with Iran, stepping back from imminent military action just hours before a deadline tied to access through the Strait of Hormuz.
The decision came after heightened tensions over maritime security and threats of strikes on civilian infrastructure. The ceasefire is conditional on Iran ensuring the uninterrupted reopening of the critical shipping route, through which a significant share of global oil supply passes.
According to a statement posted by Trump, the agreement followed discussions with Shehbaz Sharif and Pakistan’s army chief Asim Munir. He described the arrangement as a “double-sided ceasefire” and indicated that negotiations had resolved several major issues, with further details to be finalised.
Iranian officials responded by signalling conditional cooperation. Foreign Minister Abbas Araghchi said Tehran would coordinate safe passage through the Strait of Hormuz during the ceasefire period, provided there are no attacks. Iranian authorities also maintained that their forces remain prepared for multiple scenarios if the situation escalates.
The Strait of Hormuz remains central to the dispute. Any disruption in the narrow waterway can have immediate global consequences, particularly for energy markets. In recent days, concerns over restricted access had pushed oil prices sharply higher before stabilising following the ceasefire announcement.
International reactions have reflected both relief and caution. A senior White House official said Israel would adhere to the truce, pausing its military activities during the two-week period. Meanwhile, the United Nations human rights chief Volker Türk criticised recent threats involving civilian infrastructure, warning they could breach international law. Pope Leo XIV also expressed concern over rhetoric targeting cultural sites.
Pakistan’s Prime Minister Shehbaz Sharif described ongoing diplomatic efforts as constructive and urged all sides to maintain restraint.
Financial markets reacted quickly to the development. Oil prices, which had surged amid fears of escalation, showed signs of easing after the announcement. Global stock markets closed mixed, reflecting lingering uncertainty about the durability of the truce.
The ceasefire offers a temporary window for diplomacy, but key issues remain unresolved. These include sanctions, nuclear policy concerns, and long-term security arrangements in the region.
For countries dependent on energy imports, including India, stability in the Strait of Hormuz is critical. Any renewed disruption could affect fuel prices and economic activity.
Officials on both sides are expected to use the two-week period to explore the possibility of a broader agreement. The outcome of these discussions will determine whether the current pause leads to sustained de-escalation or a return to confrontation.
inputs and images : Hindustan samachar
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Edited By D.Rishidhar Reddy
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