US President Donald Trump announced a two‑week suspension of planned strikes against Iran, contingent on safe opening of Strait of Hormuz.
The pause follows talks with Pakistan’s Prime Minister Shehbaz Sharif and Field Marshal Asim Munir, and Iran’s tentative cease‑fire acceptance.
S&P 500 futures jumped over 2% in after‑hours trading, while WTI crude oil fell about 13% to $86.21 per barrel.
Iran’s foreign minister said Tehran would halt defensive operations if attacks stop and safe passage through Hormuz becomes possible.