The Digest:
The US and Iran have agreed to a two-week ceasefire, brokered through Pakistani mediation, hours before President Trump's deadline for devastating strikes was set to expire. The ceasefire includes the temporary reopening of the Strait of Hormuz. Iran's 10-point peace plan reportedly includes: lifting of all sanctions, continued Iranian control over the strait, full US military withdrawal from the Middle East, release of frozen assets, and Iran giving up highly enriched uranium. Iran would stop enriching uranium beyond 2.5% and allow IAEA inspections.
Key points:
- Over 3,600 people have been killed in Iran since the war began on February 28.
- Approximately 133 million barrels of oil are stranded on 200 tankers in the region.
- The plan allows Iran and Oman to charge up to $2m per vessel through the strait.
- China reportedly encouraged Tehran to pursue a ceasefire.
- Pakistan will host in-person talks in Islamabad on Friday.
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