What we know about the two-week ceasefire between the US and Iran

Trump says Lebanon not included in US-Iran ceasefire amid Israeli assault
AI Summary
The US and Iran have agreed to a conditional two-week ceasefire, mediated by Pakistan's Prime Minister Shehbaz Sharif, effective immediately. The agreement allows shipping traffic through the Strait of Hormuz, a vital route for oil exports. This follows coordinated attacks on Iran by the US and Israel, and threats from President Trump if the Strait remained closed. In exchange for reopening the Strait, Trump agreed to suspend attacks on Iran, claiming military objectives were met. Iran issued a 10-point plan including a complete cessation of war in multiple countries, lifting sanctions, releasing frozen assets, and compensation for reconstruction. While the ceasefire is said to extend to Lebanon, there is no confirmation of Israel halting operations there.
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AI-ExtractedNetanyahu said: "Israel supports President Trump's decision to suspend strikes against Iran for two weeks subject to Iran immediately opening the straits..."
Trump said he'd agreed to "suspend the bombing and attack of Iran for a period of two weeks" if Tehran agrees to reopen the Strait of Hormuz.
Pakistan's Prime Minister Shehbaz Sharif said the ceasefire was effective immediately.
Iran agreed to allow vessels through the Hormuz Strait for two weeks, with their passage co-ordinated by the Iranian military.
Iran and the US have agreed to a conditional two-week ceasefire, during which shipping traffic will be allowed through the Strait of Hormuz.
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