President Trump Proposes Ceasefire with Iran for Strait of Hormuz Reopening
President Donald Trump has proposed a two-week ceasefire with Iran, contingent upon the full reopening of the Strait of Hormuz. This proposal follows discussions with Pakistan's leadership, who acted as intermediaries. Trump announced the ceasefire on his social media platform, Truth Social, stating that the pause in hostilities would be conditional on Iran's agreement to reopen the Strait completely and safely. The Strait of Hormuz is a critical shipping lane for global oil supplies, and its closure has significantly impacted energy markets. Following the announcement, Brent crude prices fell by 5.8%, and U.S.-traded oil dropped by nearly 8.5%. Trump emphasized the potential for positive economic outcomes and reconstruction efforts in Iran if the ceasefire holds. 
