Iran has agreed to reopen the Strait of Hormuz under strict conditions, following a temporary ceasefire arrangement aimed at easing tensions and stabilising global energy markets.

The development comes after weeks of disruption to the strategic waterway, which handles a significant share of global oil and liquefied natural gas shipments, triggering a surge in fuel prices worldwide.

The ceasefire deal was brokered by , with Iran agreeing to allow controlled passage through the strait for an initial period of two weeks.

In a statement, Abbas Araghchi said the reopening would be subject to coordination with Iran’s armed forces.

“For a period of two weeks, safe passage through the Strait of Hormuz will be possible via coordination with Iran’s Armed Forces and with due consideration of technical limitations,” he said.

He added that Iran’s decision to suspend its “defensive operations” was conditional on the cessation of attacks by the  and Israel.

“If attacks against Iran are halted, our powerful armed forces will cease their defensiveity… (truncated)

The ceasefire follows a warning by Donald Trump, who had set a deadline for Iran to reopen the strait, threatening severe consequences if it failed to comply.

In a social media post, Trump confirmed that the United States would suspend planned military action for two weeks, citing progress in negotiations.

“Subject to the Islamic Republic of Iran agreeing to the complete, immediate, and safe opening of the Strait of Hormuz, I agree to suspend the bombing and attack of Iran for a period of two weeks,” he stated.

Iran’s Supreme National Security Council, however, clarified that the ceasefire does not signify the end of the conflict, noting that a final resolution would depend on the acceptance of its 10-point proposal and further negotiations.

Formal talks are expected to begin in Islamabad, Pakistan, as efforts continue toward a long-term agreement.