Iranian Foreign Minister Abbas Araghchi has announced that safe passage through the Strait of Hormuz would be possible for two weeks, coordinated with Iran’s armed forces “and with due consideration of technical limitations.”

The development follows U.S. President Donald Trump’s condition that the waterway be reopened as part of a ceasefire, coupled with his warning to target Iran’s energy sector and infrastructure, including bridges, if Tehran failed to comply by 0000 GMT. The Strait, a crucial artery for global oil and gas trade, has been largely closed since U.S. and Israeli attacks on Iran on February 28.

Tasnim news agency, close to the Islamic Revolutionary Guard Corps, reported early Wednesday that Iran has confirmed a two-week ceasefire. A senior U.S. official said Israel will also observe what Trump described as a “double sided CEASEFIRE.”

Pakistan, which has mediated between Tehran and Washington, confirmed that an immediate ceasefire between Iran and the U.S. is now in effect. Prime Minister Shehbaz Sharif wrote on X that the Islamic Republic of Iran and the U.S., along with their allies, had agreed to an “immediate ceasefire everywhere,” including in Lebanon.

“I warmly welcome the sagacious gesture and extend deepest gratitude to the leadership of both the countries and invite their delegations to Islamabad on Friday … to further negotiate for a conclusive agreement to settle all disputes,” Sharif said.

Trump earlier noted that Sharif had asked him to refrain from carrying out the threatened attacks. On his platform Truth Social, Trump said the U.S. had received a 10-point proposal from Iran, which he considered a “workable basis” for negotiations. According to The New York Times, the plan includes lifting all sanctions imposed on Iran.