On Tuesday, President Donald Trump announced the U.S. had agreed to a two-week ceasefire with Iran, conditional on the Strait of Hormuz fully reopening to commercial shipping. President Trump announced the deal less than two hours before his 8:00 PM ET deadline for Iran to lift its restrictions on the strait or face strikes on civilian infrastructure. Trump also said that the U.S. received a 10-point peace plan from Iran he believed to be “a workable basis on which to negotiate.”

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