TEHRAN: Iran has officially agreed to a two-week ceasefire in the ongoing conflict, following diplomatic efforts by Pakistan’s Prime Minister Shehbaz Sharif and Field Marshal Asim Munir, according to The New York Times. The ceasefire is seen as a pivotal step toward de-escalating tensions between the US and Iran.

The decision comes after significant diplomatic intervention, with US President Donald Trump agreeing to suspend military action against Iran for two weeks in exchange for the Islamic Republic’s commitment to the complete and safe reopening of the Strait of Hormuz. The US and Iran have been in intense negotiations over the past few weeks, and the breakthrough is expected to pave the way for a broader peace agreement.

Sources close to the negotiations confirm that Iran’s acceptance of the ceasefire is a crucial move toward long-term peace in the region. The two-week period will allow both countries to finalize a more permanent resolution, addressing contentious issues and working toward a comprehensive peace deal.

The ceasefire has already had significant effects on global markets, with oil prices dropping due to the easing of geopolitical tensions. Analysts are hopeful that this diplomatic breakthrough could lead to lasting stability in the Middle East and foster improved relations between the US and Iran.

ALSO READ: Iran accepts two-week ceasefire following Pakistan’s diplomatic efforts, reports The New York Times

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