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Iran concedes, reopens Strait of Hormuz prior to deadline, as Trump suspends bombings for two weeks
The Iranian regime has finally conceded to reopening the Strait of Hormuz for commercial shipping traffic, as the United States President Donald Trump agreed to a two-week ceasefire for further negotiations between both countries.
The recent US-Israeli war with Iran has seen the price of crude soar globally, as the remnants of the Iranian regime kept attacking oil vessels coming through the Strait.
Trump had given Iran a deadline of 20:00 EDT Tuesday (00:00 GMT / 01:00 BST on Wednesday) to reopen the Strait, warning the regime of complete obliteration if it refuses to concede.
Iran which once said it was not in any negotiations with the United States finally acceded to reopening the Strait prior to Trump’s deadline.
The US President at 18:32 Washington time posted on Truth Social that the US and Iran were far along with a definitive peace agreement and that he had agreed to stop bombing Iran for two weeks, in order to create room for further negotiations.
“I hold off the destructive force being sent tonight to Iran, and subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz, I agree to suspend the bombing and attack of Iran for a period of two weeks,” Trump said.
Iran heeded the deadline to prevent Trump’s threat of launching massive strikes against its energy and transportation infrastructure, as well as wiping out the entire regime.
The Strait of Hormuz would now be fully reopened to commercial shipping traffic, which the Iranian regime says it will ensure, as Trump’s threat pressured Iran to agreeing to the kind of ceasefire they had previously rejected.
Trump had threatened yesterday that a “whole civilisation will die tonight” in reference to wiping out the regime, sending shockwaves to the crevices of whatever was left of the Iranian resistance.
The US and Iranians now will engage in negotiations over the next two weeks, to try reaching a permanent deal, as there appears to be a sense of optimism that the worst is over.
The temporary ceasefire was said to have been brokered by Pakistan, which was acting as a mediator between the warring countries.
According to i24 News, a senior Israeli source said the United States coordinated the temporary ceasefire with Israel in advance of its implementation.
Reports say that Trump had spoken with Prime Minister Netanyahu ahead of ceasefire announcement, which compels Iran to reopen the Strait of Hormuz without receiving any of its prior demand, such as a commitment to a permanent end to the war, compensation, or the lifting of heavy sanctions.
The source said the objectives are shared priorities between the United States and Israel, as the Iranian concessions came under sustained military pressure.
“Iran has backed down from its demands and conceded to opening the strait under the intense pressure of sustained strikes on regime infrastructure since the outbreak of the war, especially in recent days,” the source stated.
Israel’s Prime Minister Benjamin Netanyahu said the country supported the United States’ decision to suspend attacks against Iran for two weeks. The said ceasefire, according to him does not include Lebanon, where Israel continues its bombardment.
The Pakistani Prime Minister Shehbaz Sharif, who was key to the negotiation, has invited Iranian and US delegations to meet in Islamabad on Friday.
Meanwhile, reports say oil prices plunged below $100 a barrel, while Asian markets and US stock futures jumped after the ceasefire announcement. Futures for Brent Crude oil, the international standard, dropped 13.3 percent to $94.74 and US crude oil fell 14.3 percent to $96.83 a barrel.
