Less than 90 minutes before his self-imposed 8 p.m. Tuesday deadline, President Trump announced a two-week, “double sided” ceasefire with Iran — a last-minute agreement that will reopen the Strait of Hormuz and temporarily halt a conflict that has stretched nearly 40 days and rattled global markets. ---- The deal hinges on a single, high-stakes condition: Iran must allow “COMPLETE, IMMEDIATE, and SAFE OPENING” of the strait, the narrow waterway that carries roughly one-fifth of the world’s oil supply. Tehran agreed, with Iranian Foreign Minister Seyed Abbas Araghchi confirming ships will be permitted to pass for the duration of the pause under Iranian military oversight. ---- Trump framed the agreement as a sign the U.S. had already achieved its core military objectives. “This will be a double sided CEASEFIRE!” he wrote on Truth Social, adding that both sides are “very far along with a definitive Agreement concerning Longterm PEACE.” He said a 10-point proposal from Tehran now serves as a “workable basis” for negotiations and claimed “almost all” major disputes have been resolved, with the two-week window intended to finalize the deal. ---- Instead, the announcement triggered an immediate shift in global markets. Brent crude — the international oil benchmark — plunged roughly 14 percent within an hour, reflecting sudden relief that one of the world’s most vital shipping lanes would remain open, at least for now. ---- Read here ---- https://mxmnews.com/article/9028cbdb-676f-415d-8f4b-ce6c1180b367?deadline-deal-trump-announces-double-sided-ceasefire-iran-reopens-hormuz
