US and Israel Agree to Two-Week Ceasefire with Iran

Apr 8, 2026

61 min

Apr 8, 2026 06:30

US–Israel war on Iran, day 40: Trump, Israel agree to two‑week ceasefire; Iran says talks start Friday in Pakistan

## Ceasefire Agreement Reached

On the 40th day of the US-Israel conflict with Iran, a two-week ceasefire has been agreed upon by US President Donald Trump and Israeli officials. This truce comes as Iran consents to halt military actions and ensure safe passage through the Strait of Hormuz.

## Economic Impact

The announcement of the ceasefire led to a decrease in the value of the US dollar against the euro and the pound, as investors reacted positively to the temporary peace. The dollar fell by approximately 1.1% against the euro and 0.9% against the pound.

## Regional Reactions

Explosions were reported in Bahrain's capital, Manama, shortly after the ceasefire announcement. Meanwhile, the United Arab Emirates confirmed its air defense systems were intercepting threats from Iran.

## Diplomatic Efforts

Iran has agreed to begin talks with the US in Pakistan on Friday, aiming to resolve the ongoing conflict. The ceasefire does not extend to Lebanon, where tensions remain high due to Hezbollah's involvement.

## Global Responses

The United Nations Secretary-General welcomed the ceasefire, urging all parties to work towards a lasting peace. The ceasefire is seen as a significant diplomatic achievement, with both the US and Iran claiming victory in the negotiations.

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