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White House Says Trump Agreed to Two-Week Ceasefire With Iran, Calming Markets

Source

Korea Economic Daily

Summary

President Donald Trump said he had agreed to a two-week ceasefire with Iran and a pause in bombing and attacks.
Trump said the move was conditional on Iran agreeing to the full, immediate and safe reopening of the Strait of Hormuz.
The White House said news that it was reviewing the two-week ceasefire proposal helped calm markets.

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President Donald Trump said he had agreed to a two-week ceasefire with Iran.

In a Truth Social post at about 6:30 p.m. on June 7, Trump said he would suspend bombing and other attacks on Iran for two weeks, provided the Islamic Republic agrees to the full, immediate and safe reopening of the Strait of Hormuz. He wrote that the decision followed talks with Pakistani Prime Minister Shehbaz Sharif and Field Marshal Asim Munir, who asked him to hold back what he described as devastating military force that had been set for deployment later that night.

Trump described the move as a ceasefire for both sides. He said he made the decision because the US had already achieved and exceeded all military objectives and because talks on a final agreement for lasting peace with Iran and in the Middle East were already at an advanced stage.

He also said the US had received a 10-point proposal from Iran and regarded it as a workable basis for negotiations. Nearly all major issues between Washington and Tehran have been resolved, he added, and the two-week period will be used to complete and formalize a final agreement.

Trump ended the message by saying it was an honor, as president of the United States and on behalf of Middle Eastern countries, to announce that a long-running problem was nearing resolution.

Earlier, Trump had warned of large-scale strikes on Iranian power plants and bridges if talks were not concluded by 8 p.m. on June 7, Korea time. As recently as that morning, he wrote on Truth Social that "an entire civilization will disappear tonight and never return."

Pakistan, which acted as a mediator, later urged all sides to observe a two-week ceasefire. Sharif wrote in a post on X at about 3:17 p.m. that all parties to the conflict should halt fighting for two weeks to allow negotiations. White House press secretary Karoline Leavitt said Trump was reviewing the proposal, a remark that helped calm markets.

Lee Sang-eun, Washington correspondent