Pakistani officials announced Saturday that the United States and Iran agreed to cease military operations on all fronts, describing the breakthrough as a pathway toward lasting calm.
Foreign ministry statements said mediators in Doha and Geneva helped bridge gaps over naval deployments, sanctions relief and verification measures.
Markets reacted cautiously as traders weighed whether shipping lanes would reopen quickly enough to ease oil price spikes seen since April.
Iranian state media portrayed the arrangement as recognition of Tehran’s resilience, while U.S. spokespeople emphasized defensive goals rather than regime change.
United Nations observers noted that formal signatures and monitoring mechanisms still must be finalized before guns fall silent uniformly.
Refugee agencies cautioned that unexploded ordnance and damaged ports will prolong humanitarian crises even after political announcements.
Indian Ocean shipping insurers said they would restore standard war-risk tables only after independent convoys transit Hormuz without incident for 72 consecutive hours.
Tehran shopkeepers reported modest reopening of currency exchange booths as residents hoped frozen-fund releases might stabilize the rial before Ramadan shopping later in the year.
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Sources:
https://www.thehindu.com/news/international/us-israel-iran-war-live-updates-ceasefire-peace-deal-donald-trump-mojtaba-khamenei-benjamin-netanyahu-june-14-2026/article71100124.ece