US President Donald Trump announced that, after talks with Pakistani mediators, he had accepted a bilateral ceasefire - if Iran opens the Strait of Hormuz.
"The reason is that we have already achieved all of our military objectives and have come a long way toward a definitive peace plan for both Iran and the entire Middle East," the US president wrote.
Shortly afterwards, Iran's National Security Council stated that Iran also agreed to the ceasefire.
"For two weeks, safe passage through the Strait of Hormuz will be possible through coordination with Iran's military," wrote the country's Foreign Minister, Abbas Araghchi, on X.
Thank you, Pakistan
He thanked Pakistan's Prime Minister Muhammad Shehbaz Sharif and its military chief, General Asim Munir, for their mediation in the conflict.
According to both the US and Iran, Iran has submitted a ten-point plan as a starting point for further talks, which will start in Islamabad on Friday.
"I warmly welcome the wise gesture and express my deepest gratitude to the leadership of both countries and invite their delegations to Islamabad," wrote Shehbaz Sharif on X.
Also applies to Lebanon
Israel has also promised to stop attacking Iran, sources told several media outlets.
According to Pakistani Prime Minister Shehbaz Sharif, the ceasefire applies to both the US and Iran as well as their allies, on all fronts "including Lebanon."
Shortly after both the US and Iran confirmed that they had agreed to the ceasefire, both Israel and the United Arab Emirates reported that Iran had fired missiles at those countries. Earlier in the night - before the news of the ceasefire - Saudi Arabia and Qatar were also fired upon.
The announcement of the ceasefire comes after repeated threats from Trump, including the death of "an entire civilization" if Iran did not agree to a deal by 2 a.m. on Wednesday, local time in Sweden. Trump's announcement of the ceasefire came at 12:30 a.m. local time in Sweden.
