Trump Announces Two-Week Ceasefire With Iran After Pakistan Mediation, Bitcoin Spikes to $71K

Key Takeaways:

• Trump declared a two-week ceasefire with Iran connected April 7, 2026, suspending strikes minutes earlier an 8:00 p.m. EDT deadline.
• Iran’s closure of the Strait of Hormuz, carrying 20.3 cardinal barrels daily, is the cardinal information for the intermission to hold.
• Pakistan’s Field Marshal Asim Munir and PM Shehbaz Sharif brokered the deal; Iran’s 10-point connection is present the ground for talks.
• Bitcoin jumped 3% higher pursuing Trump’s post, reaching an intraday precocious of $71,720.

U.S. Iran Ceasefire April 2026: Trump Cites Pakistan’s Sharif and Munir

The announcement came via Truth Social astir 6:32 p.m. Eastern time, conscionable minutes earlier an 8:00 p.m. deadline Trump had acceptable for imaginable large strikes connected Iranian infrastructure. Trump credited Pakistani Prime Minister Shehbaz Sharif and Field Marshal Asim Munir for straight requesting the intermission and enabling a diplomatic off-ramp.

“Based connected conversations with Prime Minister Shehbaz Sharif and Field Marshal Asim Munir, of Pakistan, and wherein they requested that I clasp disconnected the destructive unit being sent contiguous to Iran,” Trump wrote, “I hold to suspend the bombing and onslaught of Iran for a play of 2 weeks. This volition beryllium a double-sided CEASEFIRE!”

Trump stated that U.S. forces had “met and exceeded each Military objectives” earlier the pause, framing the suspension arsenic a presumption of spot alternatively than retreat.

The cardinal information of the statement requires Iran to let the complete, immediate, and harmless reopening of the strait. The waterway, a constrictive transition betwixt Iran and Oman connecting the Persian Gulf to the Arabian Sea, carries astir 20.3 cardinal barrels of lipid per time and important volumes of liquefied earthy gas.

Iran had closed the strait successful caller weeks pursuing U.S. and Israeli strikes connected Iranian targets. The closure rattled planetary vigor markets and raised concerns astir proviso disruptions affecting astir 20 to 30 percent of worldwide oil and LNG trade.

Trump indicated that Iran had submitted a 10-point connection done mediators and described it arsenic a “workable basis” for negotiations. He said astir large points of disagreement betwixt Washington and Tehran had already been resolved, with the two-week model intended to finalize a imperishable deal.

Pakistan’s relation successful the mediation reflects the diplomatic rapport Sharif and Munir developed with Trump pursuing a September 2025 White House visit. Sharif besides posted publically connected X, calling for a two-week ceasefire hold and urging Iran to reopen the strait arsenic a goodwill gesture.

Israel has reportedly agreed to the ceasefire terms. As of the evening of April 7, Iran had not issued a ceremonial nationalist confirmation of the conditions, though mediators and lipid markets responded positively to the news.

Trump described the infinitesimal arsenic historic. “On behalf of the United States of America, arsenic President, and besides representing the Countries of the Middle East, it is an Honor to person this Longterm occupation adjacent to resolution.”

Following the announcement, portion Wall Street was closed, bitcoin jumped astir 3% higher, rising to an intraday precocious of $71,720 per coin connected Bitstamp. If Tehran accepts the presumption and negotiations clasp done the two-week period, it would people a important displacement successful U.S.-Iran relations aft years of escalating struggle and sanctions.

The White House has not issued a abstracted ceremonial connection beyond Trump’s Truth Social station arsenic of work time.