00:00The US and Iran have agreed to a two-week ceasefire after weeks of violence.
00:04The terms call for halting the American-Israeli military campaign in exchange for Tehran reopening
00:10the Strait of Hamus.
00:12It's a significant de-escalation after US President Donald Trump earlier threatened
00:17to unleash massive devastation on Iran if its leaders didn't comply with his demands.
00:23The deal now buys time for both sides to negotiate a longer agreement to end the six-week war
00:29that has killed thousands and triggered a global energy crisis.
00:33Iran's Foreign Minister Abbas Arachie confirmed that safe passage through the Strait of Hamus
00:38will be possible by coordination with Iran's armed forces during the period.
00:44He said Iran's military would cease fighting if attacks against the country stop.
00:49Oil slumped and stocked surge after news of this ceasefire broke.
00:52Still much remains unclear about the agreement or whether it will hold.
00:56The announcement came just 90 minutes before Trump's deadline for Iran to reopen the Strait.
01:02All face massive military bombardment.
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