Iran and the US have agreed to a conditional two-week ceasefire, during which shipping traffic will be allowed through the Strait of Hormuz.
This comes more than a month after the US and Israel launched coordinated attacks on Iran, and hours after US President Donald Trump threatened a whole civilisation will die tonight if Iran did not reopen the Strait.
Pakistan's Prime Minister Shehbaz Sharif, who has been mediating negotiations, said early on Wednesday that the ceasefire was effective immediately.
Here's what we know so far about the deal.
What have the US and Iran said?
Trump said he had agreed to suspend the bombing and attack of Iran for a period of two weeks if Tehran agrees to reopen the Strait of Hormuz, a vital shipping route for oil and other exports from the Gulf.
In a post on Truth Social, Trump stated he agreed to the provisional ceasefire because we have already met and exceeded all military objectives.
Later on Wednesday, Trump said that the US would be working closely with Iran on discussions about tariff reductions and sanctions relief.
US Defence Secretary Pete Hegseth emphasized that the military would ensure Iran complies with the ceasefire.
Iran has agreed to allow vessels through the Hormuz Strait for two weeks, coordinating their passage through the Iranian military.
A 10-point plan from Iran also demands a halt to wars in the region, lifting of sanctions, the release of Iranian funds, and guarantees against pursuing nuclear weapons.
Additionally, the ceasefire affects Lebanon where Israel has been engaging with Iranian-backed Hezbollah, though Israel insists the deal does not encompass Lebanese territories.
What has Israel said?
In response to the ceasefire, Israeli Prime Minister Netanyahu confirmed support for Trump's decision but cautioned that the ceasefire's terms do not apply to Lebanon.
What is next?
Pakistan, facilitating the negotiations, has invited delegations to Islamabad to work toward a comprehensive agreement. Future discussions will be challenging as military tensions remain high in the region.
Strikes continued post-ceasefire, with Kuwait reporting Iranian assaults on its infrastructure.
Leaders from multiple nations have expressed their support for the ceasefire, urging all parties to uphold it.
