Iran and the United States have entered a two-week bilateral ceasefire, with high-level peace negotiations scheduled to begin in Islamabad, Pakistan, on April 10, 2026.
Key points
- The agreement follows an ultimatum from US President Donald Trump regarding the potential targeting of Iranian critical infrastructure.
- Iran has proposed a ten-point plan, which includes a security protocol for the Strait of Hormuz under Iranian control.
- Fitch Ratings warns that the ongoing conflict risks global economic growth and could drive significant inflation through 2026.
- Iranian officials stated that the ceasefire is conditional on the cessation of attacks against Iran.
Why it matters
The de-escalation of hostilities between the US and Iran is critical for global energy security and economic stability, as the conflict directly threatens the Strait of Hormuz and international market volatility.
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