President Donald Trump says he agrees to a proposed two-week ceasefire between the US and Iran if shipping traffic is allowed to move through the Strait of Hormuz
Iranian Foreign Minister Abbas Araghchi says Tehran will agree to the end in fighting “if attacks against Iran are halted”
Israel says it supports Trump’s decision to suspend strikes on Iran, but the two-week ceasefire “does not include Lebanon”
The US president had set a deadline of 20:00 EDT (01:00 BST) for a deal or else “a whole civilisation will die tonight”
Pakistan, which has been acting as a mediator, called on Trump to extend his deadline for two weeks, and has invited both sides for talks in Islamabad on Friday
A deficit in trust between the US and Iran will make these negotiations very difficult, observers hav warned.
Oil prices have fallen sharply since the announcement of the ceasefire, now trading well under $100 a barrel
