Updated on: April 8, 2026 / 1:13 AM EDT / CBS News
President Trump said Tuesday he has agreed to a “double sided CEASEFIRE” with Iran, less than two hours before his deadline for Iran to either cut a deal with the U.S. or face massive strikes on its power plants. “I agree to suspend the bombing and attack of Iran for a period of two weeks,” the president wrote on Truth Social, saying the U.S. has “already met and exceeded all Military objectives.”
He said the ceasefire, agreed to at Pakistan’s request, was “subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz.” Iranian Foreign Minister Seyed Abbas Araghchi confirmed Iran had agreed to halt “defensive operations,” likely referring to its drone and missile strikes on U.S. allies, if the U.S. stops attacking Iran. Araghchi also said Iran’s armed forces will coordinate to allow for “safe passage through the Strait of Hormuz.”
A White House official told CBS News Israel has also agreed to the ceasefire proposal. But Israeli Prime Minister Benjamin Netanyahu’s office said Israel supports the U.S. two-week ceasefire with Iran while noting the accord does not cover fighting between Israel and Hezbollah in Lebanon.
The U.S. and Israel launched strikes on Iran jointly starting Feb. 28, hitting thousands of targets. Iran has retaliated with strikes on Israel and several U.S.-allied countries in the Gulf. Oil futures dropped sharply after the ceasefire announcement, with West Texas Intermediate falling more than 13% to below $92 a barrel in the hour after the news. Prices, though down from recent highs, remained well above pre-war levels; shipments through the Strait of Hormuz — normally carrying about one-fifth of the world’s oil — had been largely cut off.
The ceasefire followed intense diplomacy by the U.S., Iran and mediators like Pakistan to avoid a major escalation in the nearly six-week war. Over the weekend, Mr. Trump demanded Iran strike an “acceptable” deal and reopen the Strait of Hormuz by Tuesday at 8 p.m. ET, warning that if Iran did not comply he would destroy the country’s power plants and bridges. His warnings intensified earlier Tuesday when he wrote on Truth Social: “A whole civilization will die tonight, never to be brought back again.”
The U.S. and Iran have not finalized a long-term agreement. Mr. Trump said the U.S. is “very far along” in negotiating a “definitive Agreement concerning Longterm PEACE with Iran” and that Iran sent a 10-point peace plan that is a “workable basis on which to negotiate.” Iran had rejected a 15-point proposal offered by American negotiators the day before.
“Almost all of the various points of past contention have been agreed to between the United States and Iran, but a two week period will allow the Agreement to be finalized and consummated,” Mr. Trump wrote.
Iran’s Supreme National Security Council said negotiations between the two sides will begin in Islamabad on Friday and last two weeks, with “complete distrust toward the American side.” It was not immediately clear whether U.S. officials would travel to Islamabad for the talks. Iran said that if a deal isn’t struck, “we will continue to fight side by side on the battlefield until all the demands of the Iranian people are achieved.”
Significant gaps remain. Iran’s statement said its 10-point plan calls for the U.S. to withdraw forces from all regional bases, fully compensate Iran, lift all sanctions and grant Iran’s armed forces control over the Strait of Hormuz. It also calls for an end to hostilities against the “Axis of Resistance” — Iran’s term for proxy groups like Hamas, Hezbollah and the Houthis, many of which the U.S. designates as terrorist organizations. It is unclear whether Mr. Trump would accept such demands, which would represent a major shift in U.S. Middle East policy. Mr. Trump appeared to reject the idea of Iran controlling the Strait and collecting tolls, saying instead that, if anything, the U.S. should collect tolls.
Also unresolved is the status of Iran’s nuclear program. When the U.S. launched strikes in late February, Mr. Trump said a primary objective was ensuring Iran could never build a nuclear weapon and publicly called for Iran to abandon all uranium enrichment. Iran maintains its nuclear program is peaceful. U.S. intelligence assessed last spring that Iran was not building a nuclear weapon, but Iran has said it will not stop enriching uranium and retains stockpiles of highly enriched material — some remaining under rubble from prior U.S. strikes last June.
Sara Cook and Claire Day contributed to this report.
In: Iran