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President Trump agrees to a two-week ceasefire on the condition that Iran will reopen the Strait of Hormuz

The president said the agreement was made on the condition that Iran agree to reopen the critical Strait of Hormuz. Follow for live news.

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U.S. oil prices fell 14% and stock futures surged after Trump announced a two-week cease-fire with Iran

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U.S. and Iran agree to two-week ceasefire, tied to Strait of Hormuz reopening

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Iran will reopen the Strait of Hormuz for two weeks as part of a ceasefire with the U.S., Iranian foreign minister says