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US-Iran Agree to Two-Week Ceasefire Amid Strait Control Dispute
US-Iran Reach First Official Ceasefire Amid Negotiation Difficulties
The United States and Iran have reached a two-week ceasefire agreement, marking a turning point after over a month of intense confrontation since late February. However, negotiations between the two sides in Pakistan immediately following the ceasefire agreement yielded no significant results. The US declared it would blockade the Strait of Hormuz and intercept any vessels paying 'transit fees' to Iran.
Strait of Hormuz Control Dispute and Future Outlook
Meanwhile, the Iranian Revolutionary Guard asserted full control over the Strait of Hormuz, countering the US announcement. The market remains focused on the resumption of talks and the situation in the strait. Both parties have expressed a desire to break the negotiation deadlock, suggesting a low likelihood of immediate re-engagement in hostilities. The reopening of the strait and the withdrawal of US troops are expected to be key indicators of the crisis's end. Conversely, any violation of the ceasefire terms by either side could lead to a renewed surge in volatility.
*Source: 信報網站 (2026-04-15)*
