WASHINGTON/TEHRAN/JERUSALEM - Iran and the United States have agreed to a 2-week ceasefire less than two hours before the deadline set by US President Donald Trump, and will hold negotiations in Pakistan.

Trump announced Tuesday he has agreed to "suspend the bombing and attack of Iran for a period of two weeks."

The decision is "subject to" Iran agreeing to the complete, immediate and safe opening of the Strait of Hormuz, he wrote on social media.

The ceasefire came shortly before Trump's deadline for Iran to agree to a deal and reopen the Strait of Hormuz, or the "whole civilization will die tonight."

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Shortly before his announcement, Trump made phone calls with Asim Munir, Pakistan's Chief of Army Staff and a major mediator, and Israeli Prime Minister Benjamin Netanyahu, The New York Times reported, citing two US officials.

In an interview with AFP, Trump hailed the agreement as a "total and complete victory," adding that Iran's uranium would be "perfectly taken care of" during the two weeks.

On the Iranian side, Foreign Minister Seyed Abbas Araghchi has said that Iran will cease "defensive operations" if attacks against it stop.

Araghchi also promised safe passage through the Strait of Hormuz during the 2-week ceasefire under "coordination" with Iranian armed forces, saying that Iran will hold negotiations with the US side in Pakistan's capital Islamabad.

Pakistan, the broker of the ceasefire, confirmed the latest progress on Wednesday.

"I am pleased to announce that the Islamic Republic of Iran and the United States of America, along with their allies, have agreed to an immediate ceasefire everywhere including Lebanon and elsewhere, EFFECTIVE IMMEDIATELY," Pakistan's Prime Minister Shehbaz Sharif posted on X.

Sharif has earlier called on the US side to extend the deadline set by Trump by two weeks, and requested Iran to open the Strait of Hormuz for a corresponding period of two weeks as a goodwill gesture.

Israel supports the temporary truce, "subject to Iran immediately reopening the straits and stopping all attacks on the United States, Israel and countries in the region," Netanyahu's office said in a statement.

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"Israel also supports the US effort to ensure that Iran no longer poses a nuclear, missile and terror threat to the United States, Israel, Iran's Arab neighbors and the world," the statement said.

The office also claimed that the ceasefire "does not include Lebanon," and Israeli attacks against Hezbollah are expected to continue.
Explaining the reasons for making this decision, Trump said, "We have already met and exceeded all Military objectives."

Trump said the US side had received a 10-point proposal from Iran, depicting it as "a workable basis on which to negotiate."   

According to Iran's semi-official Mehr News Agency, the 10-point proposal includes a US commitment to ensure no further acts of aggression, continued Iranian control of the Strait of Hormuz, acceptance of Iran's nuclear enrichment rights, and the lifting of sanctions, among others.

On potential negotiations with the United States, Araghchi stressed that the temporary ceasefire does not mean an end to war, pending negotiations on the details of the 10-point proposal.

The ceasefire eased tensions among regional countries and the global market. Global oil prices are plummeting by around 15 percent following the announcement of the ceasefire.

UN chief welcomes ceasefire

UN Secretary-General Antonio Guterres welcomes the two-week ceasefire announced by the United States and Iran, his spokesperson said Tuesday in a statement.

"He calls on all the parties to the current conflict in the Middle East to comply with their obligations under international law and to abide by the terms of the ceasefire in order to pave the way toward a lasting and comprehensive peace in the region," said his spokesperson Stephane Dujarric in a statement.

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"The Secretary-General underscores that an end to hostilities is urgently needed to protect civilian lives and alleviate human suffering," the statement said.

"He expresses sincere appreciation for the efforts of Pakistan and other countries involved in facilitating the ceasefire," it said, adding that the UN chief's personal envoy Jean Arnault is in the region to support efforts toward lasting peace.