US-Iran Ceasefire in April 2026

Key Points:

• President Trump announced a two-week ceasefire with Iran on April 7, 2026, just moments before the 8 PM EDT deadline, calling off a potential attack.
• One pivotal term of the ceasefire is the reopening of the Strait of Hormuz, a crucial route for Iran’s oil exports, which amounts to about 20.3 million barrels daily.
• The deal was facilitated by Pakistan’s Field Marshal Asim Munir and Prime Minister Shehbaz Sharif, with Iran’s 10-point proposal forming the negotiation groundwork.
• Following Trump’s announcement, Bitcoin’s stock rose 3%, reaching an intraday high of $71,720.

Details of the Agreement

The announcement came via Truth Social at approximately 6:32 PM ET, just shortly before President Trump’s imposed deadline. He acknowledged the roles of Pakistani leaders Sharif and Munir in advocating for the ceasefire, describing it as a diplomatic opportunity.

In his message, Trump noted, “Based on my conversations with Pakistani Prime Minister Shehbaz Sharif and Field Marshal Asim Munir, they have requested that they refrain from sending destructive force to Iran tonight,” and added, “We agree to a two-week halt in bombing and attacks on Iran. This is a two-sided ceasefire!”

Trump pointed out that U.S. forces had met and surpassed their military goals prior to the cessation and characterized this move as more of a buildup rather than a retreat.

A main stipulation of the agreement entails Iran facilitating the prompt and safe reopening of the Strait, which connects the Persian Gulf to the Arabian Sea. This narrow waterway sees the transport of around 20.3 million barrels of oil and a substantial volume of liquefied natural products daily.

Recently, Iran had shut down the strait following assaults on its targets by U.S. and Israeli forces. This situation has unsettled global energy markets, potentially impacting 20 to 30 percent of worldwide oil and liquefied natural gas trade.

Trump remarked that Iran had delivered a 10-point proposal via a mediator, describing it as a “workable basis” for advancing negotiations. He claimed many of the major disputes between the U.S. and Iran had been addressed, with hopes of finalizing a lasting agreement within the two-week window.

The mediation role taken by Pakistan echoes the diplomatic rapport Sharif and Munir established during their September 2025 visit to the White House. Sharif also posted publicly on X, calling for a two-week extension of the ceasefire and encouraging Iran to reopen the strait as a goodwill gesture.

Reports suggest Israel is on board with the ceasefire terms. As of the evening of April 7, Iran had not provided any official acknowledgment of the developments, but both mediators and oil markets reacted favorably to the news.

President Trump labeled the moment as historic, stating, “It is an honor to represent the United States of America, as president, and to represent the countries of the Middle East in bringing this long-term problem closer to resolution.”

In the aftermath of this announcement, Wall Street halted trading. Bitcoin surged nearly 3%, hitting an intraday mark of $71,720 per coin. If Iran agrees to the terms and negotiations proceed over the next two weeks, it could signify a significant shift in U.S.-Iranian relations after a prolonged period of conflict and rising sanctions.

As of now, the White House hasn’t issued any additional formal statements aside from Trump’s post on Truth Social.