President Donald Trump announced a two‑week suspension of planned U.S. strikes on Iran, pending full reopening of the Strait of Hormuz.
The pause follows Pakistan‑mediated talks, with Prime Minister Shehbaz Sharif and Field Marshal Asim Munir delivering a 10‑point Iranian proposal.
After the announcement, the SPDR S&P 500 ETF Trust rose about 1.6% in after‑hours trading, while WTI crude fell roughly 7% to $102.50.