What are the terms of the Iran ceasefire April 2026?

Trump announced a 2-week ceasefire contingent on the complete, immediate, and safe reopening of the Strait of Hormuz. Iran accepted through its Supreme National Security Council and proposed a 10-point peace plan that includes US withdrawal from regional bases and sanctions relief. Talks begin Friday in Islamabad with Pakistan as mediator.

Why is the Strait of Hormuz so important to the ceasefire?

The Strait of Hormuz carries roughly 20 percent of global daily oil supply. Iran partially closed shipping lanes during the 39-day war, driving Brent crude to 111 dollars per barrel. Reopening the strait is Trump's core condition because it directly determines global oil prices and US gasoline costs.

Who is mediating the Iran peace talks?

Pakistan is the primary mediator. Talks are scheduled to begin Friday in Islamabad with Vice President Vance expected to lead the US delegation. Pakistan has long-standing channels with both Tehran and Washington, which made it the acceptable venue for both sides.

How long did the Iran war last before the ceasefire?

The US-Israeli military operation against Iran lasted 39 days, beginning March 1 2026 and pausing on April 7 when both sides accepted the 2-week deal. During that period over 1,500 were killed in Lebanon as conflict spillover, Iranian nuclear sites were struck, and IRGC leadership was significantly degraded.

Will the ceasefire lower gas prices?

Markets reacted immediately. Brent crude dropped from 111 dollars per barrel as traders priced in a Hormuz reopening. The EIA had forecast US gas peaking at 4.30 dollars per gallon in April. If the ceasefire holds and Hormuz fully reopens, pump prices could fall 30 to 50 cents per gallon within weeks.

What are the terms of the Iran ceasefire 2026?

Trump announced a two-week ceasefire conditional on Iran fully reopening the Strait of Hormuz to commercial shipping. Iran's Supreme National Security Council accepted, and Foreign Minister Abbas Araghchi declared 'victory.' Peace talks begin Friday in Islamabad with Pakistan as mediator and VP JD Vance leading the US delegation.

Why does the Strait of Hormuz matter so much?

The strait carries roughly 20% of global daily oil supply and a similar share of LNG exports. Any closure pushes Brent crude sharply higher; the reopening agreement triggered an immediate price drop from the $111.25/bbl April 6 close.

What is in Iran's 10-point peace plan?

Per PBS NewsHour, Iran proposed phased US military withdrawal from regional bases, sanctions relief, recognition of its civilian nuclear program, and prisoner exchanges. The full text has not been published, but mediators in Islamabad will negotiate sequencing.

How will this affect US gas prices?

EIA had forecast US gasoline peaking near $4.30/gallon in April 2026 due to the war risk premium. If Hormuz reopens on schedule, analysts expect that premium to unwind over 2-4 weeks, potentially dropping pump prices 30-60 cents/gallon.

Is the Iran ceasefire 2026 permanent?

No. It is a 14-day window for negotiations. If Hormuz transit is not restored or talks collapse, Trump warned of 'devastating' renewed strikes. The Lebanon front is reportedly included in the truce.

US-Iran Conflict

BREAKING — 14-day ceasefire in effect · Islamabad talks open Friday

Geopolitics · Day 40

Iran Ceasefire 2026: Trump Ties 2-Week Truce to Hormuz Reopening

Published: April 8, 2026

President Trump announced an Iran ceasefire 2026 spanning two weeks, contingent on the complete, immediate, safe reopening of the Strait of Hormuz. Iran's Supreme National Security Council accepted; peace talks open Friday in Islamabad.

Iran ceasefire 2026 — Foreign Minister Araghchi announces acceptance — Photo: Getty Images / CBS News — Iran FM announcing ceasefire acceptance

"Complete, immediate, safe opening of the Strait of Hormuz — that is the condition. Two weeks. Then we talk peace, or we go back."
— Donald Trump, White House press room, April 7, 2026

Key Takeaways

14-day ceasefire begins April 7, 2026, contingent on full Hormuz reopening

Iran's Supreme National Security Council accepted; FM Araghchi declared 'victory'

Peace talks open Friday in Islamabad — Pakistan mediating, VP Vance leads US delegation

Brent crude at $111.25/bbl (April 6) dropped immediately on the announcement

39-day war: 1,500+ killed in Lebanon spillover, Iranian nuclear sites struck, IRGC leadership decimated

39 days of war — and then Day 40

The US-Iran war began February 28, 2026 with joint US-Israel air strikes on Iran's nuclear facilities and military infrastructure. Over the next 39 days, Iran partially blockaded the Strait of Hormuz, Brent crude briefly touched $120/bbl, and the Lebanon front killed more than 1,500. On April 7, Trump issued a public ultimatum from the White House press room — and for the first time in the campaign, Tehran responded with acceptance instead of missiles.

Trump at White House press room announcing Hormuz ceasefire conditions — Photo: ABC7 News — Trump at White House press room

Trump's conditions

Complete, immediate, safe opening of Hormuz
Two-week ceasefire window
Direct talks in Islamabad
Vance leads US delegation

What Iran accepted

Safe passage coordinated with Iran's Armed Forces
Supreme National Security Council green light
10-point peace plan tabled
Lebanon front included in truce

Iran's 10-point peace plan

Per PBS NewsHour, Tehran's proposal centers on three pillars: phased US withdrawal from regional bases, staged sanctions relief, and recognition of Iran's civilian nuclear program under expanded IAEA monitoring. Sub-clauses reportedly include prisoner exchanges, civilian damage compensation in Lebanon, and security guarantees for commercial vessels transiting the Persian Gulf. The full text has not been published, but Pakistani mediators are expected to negotiate sequencing in the first round Friday.

Hormuz impact: shipping, oil, markets

Shipping

~20% of global daily oil transits Hormuz. Tanker war-risk insurance premiums spiked 8x over the 39-day war.

Brent crude

$111.25/bbl on April 6 — dropped immediately on the announcement. ZestLab analysis: ~$22 of that was war risk premium.

US gasoline

EIA forecast peak $4.30/gallon in April. If Hormuz reopens, expect 30-60¢ unwind over 2-4 weeks.

Consumer impact: from Texas to Ho Chi Minh City

ZestLab analysis: if Brent falls from $111 to $89/bbl (assuming a $22 war-risk premium unwinds), US retail gasoline could drop ~50¢/gallon over 2-4 weeks, while Vietnam's RON95 could fall 1,200-1,500 VNĐ/liter in the next Joint Ministry adjustment cycle (~10-day lag).

→ A motorbike rider doing 30 km/day saves ~25,000-31,500 VNĐ/month if RON95 drops 1,300 VNĐ/liter.

Tehran residents at funeral during 39-day US-Iran war — Photo: ABC7 News — Funeral protest in Tehran

The Islamabad talks outlook

Pakistan, which maintained back-channels with both Tehran and Washington throughout the 39-day war, takes the mediator role. VP JD Vance leads the US delegation — a meaningful choice: Vance is the most hawkish voice in the Trump administration on Iran, and his presence at the table signals that any deal will have hardliner buy-in. Per Axios, the first round is expected to run 48 hours, focused on Hormuz reopening verification and Phase-1 sanctions relief sequencing.

Related on ZestLab

→ US-Iran War 2026: Full military timeline → Iran-US peace talks April deadline → Strait of Hormuz Crisis 2026

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References

By An Hoang · International Affairs Correspondent