Iran And The U.S. Agree To Ceasefire After Weeks Of War

The ceasefire offers a pause to a conflict the has significantly impacted global markets

After weeks of ongoing conflict in the Middle East, Iran and the U.S. have agreed to a ceasefire.

The move comes after President Trump set a deadline in which he warned Iran that strikes would impact it’s major power and water infrastructure by 8pm Tuesday if the nation failed to reopen the Strait of Hormuz to all vessels.

As part of the two-week cease-fire, Iran’s military will coordinate the passage of vessels through the vital waterway. The ceasefire offers a pause to a conflict the has significantly impacted global markets, disrupted energy flows and fueled a historic surge in oil prices.