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๐ International News: US and Iran Reach a Two-Week Temporary Ceasefire, Global Markets See Intense Volatility
Key Highlights
At local time on April 8, through mediation by Pakistan, the US and Iran reached a two-week temporary ceasefire agreement, which has now taken effect. Iran agreed to temporarily open the Strait of Hormuz to ensure the security of global energy routes; the US will suspend bombing Iran for two weeks. Both sides are scheduled to begin a new round of negotiations in Islamabad, Pakistan, on April 10.