On Tuesday, President Donald Trump announced the suspension of planned military actions against Iran, implementing a two-week ceasefire that hinges on Iran’s agreement to reopen the Strait of Hormuz for international shipping. Following this announcement, bitcoin surged past the $71,000 threshold.
Highlights:
Trump declared a two-week ceasefire with Iran on April 7, 2026, halting military strikes just minutes before an 8:00 p.m. EDT deadline.
The reopening of the Strait of Hormuz by Iran is essential for maintaining this ceasefire; this vital waterway transports approximately 20.3 million barrels daily.
The deal was facilitated by Pakistan’s Field Marshal Asim Munir and Prime Minister Shehbaz Sharif; discussions are now based on a ten-point proposal from Iran.
Following Trump’s announcement, bitcoin experienced a notable increase of about 3%, reaching an intraday peak at $71,720.
Ceasefire Agreement Between U.S. and Iran in April 2026: Trump Acknowledges Pakistan’s Role
This announcement was made via Truth Social around 6:32 p.m. Eastern Time—just moments before Trump’s self-imposed deadline for potential significant strikes against Iranian targets at 8:00 p.m. He credited Pakistani leaders Shehbaz Sharif and Asim Munir for their efforts in advocating for this pause and facilitating diplomatic negotiations.
“Based on discussions with Prime Minister Shehbaz Sharif and Field Marshal Asim Munir from Pakistan—who requested that I refrain from launching destructive actions towards Iran tonight—I have decided to suspend bombing operations against Iran for two weeks,” Trump stated. “This will be recognized as a mutual CEASEFIRE!”
The president emphasized that U.S. forces had successfully achieved all military objectives prior to this halt in action, presenting the decision as one stemming from strength rather than retreating under pressure.
A key stipulation within the agreement mandates that Iran must ensure immediate and safe access through the strait once again. This crucial maritime route connects Oman with Iranian waters while facilitating transport between the Persian Gulf and Arabian Sea; it is responsible for moving around 20.3 million barrels of oil each day along with considerable amounts of liquefied natural gas (LNG).
Iran had previously closed off access to this strait following airstrikes conducted by both U.S. forces and Israel targeting Iranian interests—a move that sent shockwaves through global energy markets due to fears over supply disruptions affecting up to thirty percent of worldwide oil trade alongside LNG shipments.
Trump noted that Tehran had presented a ten-point plan via intermediaries which he characterized as offering solid grounds for further dialogue between Washington D.C., and Tehran regarding outstanding issues—indicating many disagreements were already addressed during preliminary talks aimed at finalizing long-term arrangements within these next two weeks ahead.
This mediation effort underscores how Pakistani leaders have cultivated diplomatic ties with Trump since their visit back in September last year; PM Sharif also took it upon himself publicly urging both sides towards extending said ceasefire while encouraging goodwill gestures like reopening critical shipping lanes through strategic waterways such as Hormuz itself!
Reports suggest Israel has consented to these terms surrounding cessation hostilities too! However—as per publication time—Iran has yet issued any formal acknowledgment confirming conditions outlined although mediators along market analysts reacted positively overall following news release today evening hours!
“This moment stands historic,” proclaimed President Trump! “Representing not only America but also our Middle Eastern allies—it brings me great honor witnessing progress towards resolving longstanding issues.”
Coincidentally—with Wall Street closed during trading hours after announcements rolled out—the cryptocurrency Bitcoin surged nearly three percent higher ultimately hitting peaks upwards near seventy-one thousand seven hundred twenty dollars per coin traded across Bitstamp platforms! Should Tehran accept outlined terms whilst negotiations remain intact throughout upcoming fortnight—it could signify monumental shifts occurring within relations established between United States & Islamic Republic after years fraught escalating tensions plus sanctions imposed earlier periods gone past…
No additional official statements were released separately beyond what was posted originally via Truth Social account held by Mr.Trump himself until time reached publication point noted above!