President Donald Trump announced a two‑week suspension of planned US strikes against Iran after talks with Pakistan’s leader.
The pause is conditional on Iran’s immediate, safe reopening of the Strait of Hormuz, per Trump and Iran’s foreign minister.
S&P 500 futures jumped over 2% while WTI crude fell about 13% to $86.21 per barrel after the announcement.
Pakistan’s Prime Minister Shehbaz Sharif and Field Marshal Asim Munir mediated, proposing the two‑week extension and urging Iran to open the strait.