President Donald Trump announced a two-week ceasefire ninety minutes before a deadline for US airstrikes on Iranian infrastructure. The de-escalation follows a 10-point peace proposal from Iran and diplomatic intervention from Pakistan. Trump characterized the Iranian proposal as a workable basis for future negotiations.
Iran will immediately reopen the Strait of Hormuz to all shipping as a primary condition of the agreement. This diplomatic shift reverses recent US and Israeli military strikes against Iranian military and infrastructure targets.
The development reduces the immediate likelihood of a full-scale regional conflict. This shift lowers the anticipated demand for munitions and advanced defense systems from US contractors.