In his Truth Social post announcing a double sided ceasefire, Trump said he spoke to leaders in Pakistan and that Iran's 10-point proposal was a "workable basis on which to negotiate", APA reports citing Reuters.
The announcement on social media was the latest example of Trump backing down from severe threats, after he warned Iran earlier on Tuesday that "a whole civilization will die tonight" if his demands were not met.
Trump said the deal was subject to Iran's agreement to pause its blockade of oil and gas supplies through the strait, which typically handles about one-fifth of global oil shipments.
