Iran includes 'acceptance of enrichment' in Farsi version of its ceasefire plan, something missing from English versions.
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U.S. President Donald Trump pulls back on his threats to launch devastating strikes on Iran, swerving to deescalate the war less than two hours before the deadline he set for Tehran to capitulate to a deal. Trump said he was holding off on his threatened attacks on Iranian bridges and power plants, as the U.S. and Iran agreed to a two-week ceasefire that includes the reopening of the Strait of Hormuz. Trump also said Iran has proposed a “workable” 10-point peace plan that could help end the war launched by the U.S. and Israel in February. A White House official says Israel has also agreed to the ceasefire.
Israeli military official says the country is still attacking Iran, after White House said Israel agreed to ceasefire.
Abu Dhabi officials say its Habshan gas-processing facility is ablaze after earlier reporting incoming Iranian fire.
Chinese officials encouraged Iran to look for a path toward a ceasefire in war with the US, AP sources say.
Russia and China have vetoed a U.N. Security Council resolution aimed at reopening the Strait of Hormuz. The resolution, sponsored by Bahrain, had been repeatedly watered down because of opposition from Russia and China. The vote took place just hours before an 8 p.m. Eastern time deadline set by U.S. President Donald Trump for Iran to open the strategic waterway or face attacks on its power plants and bridges. One-fifth of the world’s oil typically passes through the strait, and Iran’s stranglehold during the war has sent energy prices soaring.
Pakistan, which brokered ceasefire between US and Iran, says it extends to Israel and Hezbollah fighting in Lebanon.
Oil prices plunged and U.S. stock futures jumped after President Donald Trump held off on his threat of devastating attacks on Iran. U.S. crude oil futures fell more than 14%. Futures for the S&P 500 were up 2.2%, while Dow futures rose 930 points or 2%. Both U.S. and Brent crude oil futures dropped more than 14%. Trump said he was holding off on his threatened attacks on Iranian bridges, power plants and other civilian targets as long as Iran opened the Strait of Hormuz. Iran's foreign minister said passage through the strait would be allowed for the next two weeks under Iranian military management. U.S. Treasury yields fell.
Oil prices plunge and US stock futures jump as US and Iran agree to 2-week ceasefire
Israel has agreed to the terms of the two-week US-Iran ceasefire agreement, White House official says.