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Iran defiant on eve of Trump's ceasefire deadline

Published by Global Banking & Finance Review

Posted on April 7, 2026

6 min read

· Last updated: April 8, 2026

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Iran defiant on eve of Trump's ceasefire deadline
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DUBAI/WASHINGTON, April 7 (Reuters) - Iran and Israel traded attacks on Tuesday as Tehran defiantly refused to reopen the Strait of Hormuz and accept a ceasefire deal on the eve of a deadline set by

Trump agrees to two-week Iran ceasefire, drops threat to destroy 'whole civilization'

Ceasefire Agreement and Immediate Reactions

By Steve Holland, Parisa Hafezi, Enas Alashray and Ahmed Tolba

WASHINGTON/DUBAI/CAIRO, April 7 (Reuters) - U.S. President Donald Trump agreed to a two-week ceasefire with Iran on Tuesday, less than two hours before his deadline for Tehran to reopen the Strait of Hormuz or face devastating attacks on its civilian infrastructure.

Trump's Announcement and Shift in Stance

Trump's announcement on social media represented an abrupt turnaround from earlier in the day, when he issued an extraordinary warning that "a whole civilization will die tonight" if his demands were not met.

Role of Mediation and International Diplomacy

Pakistan Prime Minister Shehbaz Sharif, who helped mediate the ceasefire, said in a post on X that he had invited Iranian and U.S. delegations to meet in Islamabad on Friday.

Terms of the Ceasefire

Trump said the last-minute deal was subject to Iran's agreement to pause its blockade of oil and gas supplies through the strait, which typically handles about one-fifth of global oil shipments. Iran's foreign minister, Abbas Araqchi, said in a statement that Tehran would stop counter-attacks and provide safe passage through the waterway.

"This will be a double sided CEASEFIRE!" Trump wrote on his Truth Social platform. "The reason for doing so is that we have already met and exceeded all Military objectives, and are very far along with a definitive Agreement concerning Longterm PEACE with Iran, and PEACE in the Middle East."

Reactions from Iran and the United States

Iran's Supreme National Security Council portrayed the deal as a victory over the U.S., claiming Trump had accepted Iran's conditions for ending hostilities.

In response, White House press secretary Karoline Leavitt said: "This is a victory for the United States that President Trump and our incredible military made happen."

"The success of our military created maximum leverage, allowing President Trump and the team to engage in tough negotiations that have now created an opening for a diplomatic solution and long-term peace," she said in a post on X.

Impact and Skepticism Surrounding the Ceasefire

The war, now in its sixth week, has claimed more than 5,000 lives in nearly a dozen countries, including more than 1,600 civilians in Iran, according to tallies from government sources and human rights groups.

A source briefed on the talks expressed wariness about the two-week ceasefire holding, saying the U.S. side believed Iran might be trying to buy time. It was a “trust-building exercise,” the source said.

Conditions and Regional Implications

Ceasefire Conditioned on Strait's Reopening

CONDITIONED ON STRAIT'S REOPENING

Two White House officials confirmed that Israel has also agreed to the two-week ceasefire and to suspend its bombing campaign on Iran. The agreement includes a cessation of Israel's campaign in Lebanon, Sharif said.

It was not immediately clear how soon the ceasefire would take full effect. Israeli media reported it would begin once Iran reopened the strait and that Israel expected Iranian attacks to continue in the interim.

Iraq's Islamic Resistance said it would suspend operations in Iraq and across the region for two weeks.

Continued Tensions and Military Activity

More than an hour after Trump's announcement, the Israeli military said it had identified missiles launched from Iran, and explosions from intercepted missiles could be heard in Tel Aviv. Gulf countries including Kuwait, Bahrain, Saudi Arabia and the United Arab Emirates also issued near-simultaneous alerts and activated air defences.

Israeli first responders were providing medical treatment to two 15-year-old males who were in mild condition after blast injuries in the southern town of Tel Sheva, according to a spokesperson from the MDA ambulance service.

Israeli media said its military was striking back at launch sites in Iran.

Negotiations and Economic Impact

Trump, who has issued a series of threats in recent weeks only to back away, said progress between the two sides had prompted him to agree to the ceasefire. He said Iran had presented a 10-point proposal that was a "workable basis" for negotiations and that he expected an agreement to be "finalised and consummated" during the two-week window.

Markets breathed a sigh of relief, with U.S. stock futures rising in the minutes following Trump's message. Oil prices fell sharply, with U.S. crude futures touching their lowest price since March 26. 

Global leaders also welcomed the ceasefire with the Australian government saying that "the longer the war goes on, the more significant the impact on the global economy will be, and the greater the human cost".

Background and Broader Context

Abrupt Turnaround in U.S. Policy

ABRUPT TURNAROUND

Trump's announcement capped a whirlwind day that was dominated by his threat to destroy every bridge and power plant in Iran unless Tehran reopened the strait. That unnerved world leaders, rattled global financial and energy markets and drew widespread condemnation, including criticism from the head of the United Nations and Pope Leo.

Legal and Economic Ramifications

Some international law experts have said attacking civilian infrastructure indiscriminately could constitute a war crime.

The closure of the strait has sharply increased oil prices, escalating the chances of a global economic downturn or even recession. The U.S. Energy Information Administration earlier on Tuesday warned that fuel prices could continue to rise for months even after the strait reopened.

Political Consequences in the United States

With the U.S. midterm election campaign ramping up, Trump's approval ratings have hit their lowest level ever, leaving his Republican Party at risk of losing its narrow majorities in Congress. Polls show sizable majorities of Americans are opposed to the war and frustrated by the rising cost of gasoline.

Escalation Prior to the Ceasefire

As the clock ticked down to Trump's 8 p.m. EDT (0000 GMT) deadline, U.S. and Israeli strikes on Iran had intensified, hitting railway and road bridges, an airport and a petrochemical plant. U.S. forces attacked targets on Kharg Island, home to Iran's main oil export terminal.

(Reporting by Reuters bureaus; Writing by Joseph Ax, Simon Lewis and David Dolan; Editing by Scott Malone, Cynthia Osterman and Raju Gopal

Key Takeaways

  • Iran delivered a 10‑point counterproposal—including lifting sanctions and safe passage through Hormuz—and rebuffed a U.S.‑mediated ceasefire framework through Pakistan (axios.com).
  • President Trump warned that if Iran didn’t capitulate by the deadline (8 p.m. EDT), all Iranian bridges and power plants would be obliterated—raising legal and humanitarian concerns (apnews.com).
  • Oil prices remained elevated, with Brent hovering near $110 and WTI around $113, as the Strait of Hormuz remained effectively shut, intensifying global supply fears (apnews.com).

References

Frequently Asked Questions

What did Iran refuse ahead of Trump's ceasefire deadline?
Iran refused to reopen the Strait of Hormuz and did not accept the ceasefire deal brokered by Pakistan before the U.S. deadline.
How did Trump respond to Iran's rejection of the ceasefire plan?
Trump threatened to destroy Iranian power plants, bridges, and infrastructure if Tehran refused the terms before the deadline.
What impact did the conflict have on global oil prices?
Oil prices hovered around $110 per barrel as the closure of the Strait of Hormuz impacted global supply.
What military actions took place between Iran and Israel?
Israel launched airstrikes on Iranian infrastructure, and both sides exchanged missile attacks, escalating the conflict.
Why is the Strait of Hormuz significant in this conflict?
The Strait of Hormuz is a critical global oil transit chokepoint, and its closure by Iran affects global energy markets.

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