• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
Nairametrics
Home Business News

U.S., Iran agree two-week ceasefire as Strait of Hormuz is set to reopen 

Israel Ojoko by Israel Ojoko
April 8, 2026
in Business News
U.S. President Donald Trump

U.S. President Donald Trump raises his fist as he reacts to early results from the 2020 U.S. presidential election in the East Room of the White House in Washington, U.S., November 4, 2020. REUTERS/Carlos Barria

Share on FacebookShare on TwitterShare on Linkedin

The United States and Iran have agreed to a two-week ceasefire in the ongoing Middle East conflict, with plans to reopen the Strait of Hormuz, a key global oil route.

The development follows a decision by U.S. President Donald Trump to suspend planned military strikes on Iran.

The ceasefire, brokered by Pakistan with support from China, comes just hours before a deadline set by the U.S. for Iran to comply or face further escalation.

MoreStories

New Zealand

New Zealand lifts income thresholds for Parent, Pacific visas from April 30

April 15, 2026
Nigeria’s external reserves surpass $47 billion, highest since 2018 

Tinubu blames colonial tax system for poverty, unveils reform benefits 

April 15, 2026

What they are saying

U.S. President Donald Trump said he would hold off on planned attacks if Iran agreed to the temporary ceasefire and reopened the Strait of Hormuz.

  • “We will suspend attacks provided Iran agrees to the COMPLETE, IMMEDIATE, and SAFE OPENING of the strait.” 

He noted that Iran had proposed a “workable” 10-point peace plan to help end the conflict.

Iran’s Supreme National Security Council confirmed acceptance of the ceasefire and said negotiations with the U.S. would begin in Islamabad.

  • “It is emphasised that this does not signify the termination of the war.” 

Iran’s Foreign Minister, Abbas Araghchi, also stated that passage through the Strait of Hormuz would be allowed during the ceasefire period under Iranian military oversight.

Get up to speed

The ceasefire comes amid rising global concerns over the legality and impact of the conflict.

  • The United Nations had warned that U.S. threats to target Iranian infrastructure could violate international law.
  • The warning followed a deadline issued by President Trump for Iran to concede or face military escalation.
  • Trump had earlier threatened strikes on critical infrastructure, including power plants, raising fears of civilian casualties.

UN Secretary-General António Guterres expressed alarm over the rhetoric and its potential humanitarian consequences.

The situation had heightened geopolitical tensions and raised concerns over global energy supply disruptions.

More insights 

Despite the ceasefire announcement, tensions remain high across the region.

  • Iran has demanded control of the Strait of Hormuz, withdrawal of U.S. forces, lifting of sanctions, and release of frozen assets as part of broader negotiations.
  • Missile alerts were reported in countries including the United Arab Emirates, Israel, Saudi Arabia, Bahrain, and Kuwait shortly after the ceasefire was announced.
  • U.S. military operations have shifted to a defensive posture, halting offensive actions against Iran.

The ceasefire was influenced by diplomatic engagements involving Pakistan’s leadership and military officials.

The demands signal a broader attempt by Iran to reshape geopolitical dynamics and global oil trade flows.

What you should know 

The Strait of Hormuz remains one of the most critical oil transit routes globally, handling a significant share of daily crude shipments.

  • Analysts say Iran’s ability to maintain influence over the strait is a key strategic advantage.
  • The conflict has triggered debates among economic and geopolitical experts over its broader implications.
  • Some analysts argue that maintaining control of the waterway represents a strategic win for Iran.

The outcome of the ceasefire and subsequent negotiations is expected to have far-reaching implications for global oil markets and regional stability.


Add Nairametrics on Google News
Follow us for Breaking News and Market Intelligence.
Israel Ojoko

Israel Ojoko

Israel Ojoko is a dynamic journalist renowned for his in-depth coverage and insightful analysis on a diverse range of topics. With a keen eye for detail and a passion for storytelling, Israel has penned impactful articles on the economy, political developments, fintech, and cybersecurity, among many others. His dedication to uncovering the multifaceted narratives has established him as a trusted voice and influential figure in contemporary journalism.

Next Post
Pension: 73,600 informal sector workers register for Contributory Scheme in December 2021

Pension assets jump to N29.43 trillion in February 2026

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

rabafast

nairametrics




DUNS

Follow us on social media:

  • HOME
  • ABOUT NAIRAMETRICS
  • CONTACT US
  • DISCLAIMER
  • ADs DISCLAIMER
  • COPYRIGHT INFRINGEMENT

© 2026 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Login
  • Sign Up

© 2026 Nairametrics