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 that a whole civilization will die tonight if Iran did not reopen the Strait.

Pakistan's Prime Minister Shehbaz Sharif, who has been mediating negotiations, declared the ceasefire effective immediately.

In statements to the press, Trump noted he would suspend the bombing and attack of Iran for a period of two weeks if Tehran agrees to allow passage through the crucial shipping route. Meanwhile, Iran has accepted the ceasefire under specific terms that include reopening the Strait of Hormuz and has submitted a 10-point plan detailing peace and the cessation of hostilities in several regions.

The ceasefire also encompasses conditions for Iran's commitment to non-nuclear pursuits. In response, Israeli officials have expressed support for Trump's decision, but have indicated that military operations against Hezbollah in Lebanon will continue.

Mediated discussions are set to continue in Islamabad as both nations work toward a conclusive agreement, while tensions remain high following recent military engagements.