00:00World leaders are welcoming a two-week ceasefire between Iran and the U.S., but major issues remain
00:05unresolved. President Trump announced a ceasefire in a social media post just 90 minutes before his
00:11deadline to unleash massive devastation on Iran if it didn't meet his demands. In exchange,
00:17Tehran agreed to reopen the Strait of Hormuz, a critical corridor for oil and energy products.
00:23Iran's foreign minister confirmed the country's armed forces will facilitate safe passage for a
00:28period of two weeks. Later, Prime Minister Benjamin Netanyahu said Israel backs the ceasefire with
00:33Iran, but it would not apply to Hezbollah in Lebanon. The deal, brokered by Pakistan, buys time
00:39for the two sides to reach a broader agreement to end a war that has killed more than 5,000
00:44people
00:45and sparked a global energy crisis. Oil fell the most in almost six years after Trump's announcement,
00:51but it's still 35% higher than pre-war levels. And substantial differences between U.S. and Iranian
00:57demands raised questions about the deal's durability. Iran wants continued control over the Strait of
01:03Hormuz, acceptance of its nuclear enrichment activities, the lifting of sanctions, and the
01:08withdrawal of U.S. combat forces from the region. Trump only said that the U.S. had received a 10
01:14-point
01:14proposal from Iran, describing it as a workable basis on which to negotiate. For now, focus will
01:20return to Hormuz and whether ships can pass safely through the vital waterway.
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