US and Iran agree two-week ceasefire tied to reopening Hormuz

2026-04-08 · diplomatic · major

After 39 days of war, Trump announced a Pakistan-mediated two-week ceasefire with Iran contingent on the 'COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz', agreed hours before his 8 pm ET April 7 deadline (00:00 UTC April 8) with US bombers reportedly airborne. Safe passage was to be coordinated with Iran's armed forces, and delegations were to meet in Islamabad.

Brent next close -11.6% · +7 days -16.8% · transits 4.6 → 5.7 per day · outsized reaction — bigger than 99.1% of pre-crisis days

Attribution caveat: 1 other major event(s) sit inside this one's ±7-day window (2026-04-12 Islamabad Talks collapse; US announces blockade of Iranian ports), so the reaction is not cleanly separable.

Sources

CNBC · Al Jazeera · FDD

See this event on the annotated timeline →

Computed, not asserted — every number here is derived from public data: official EIA Brent closes via FRED, IMF PortWatch transit counts, Polymarket and Kalshi odds, and source-linked curated events. Method and caveats · Atom feed · llms.txt

https://chokepointdata.com/event/2026-04-08-us-and-iran-agree-two-week-ceasefire-tied-to-reopening-hormu/