Hegseth, Caine holding news briefing after ceasefire announcement

Defense Secretary Pete Hegseth and Joint Chiefs Chairman Dan Caine are briefing reporters Wednesday astatine the Pentagon aft President Trump said Tuesday nighttime he'd agreed to an immediate, conditional two-week ceasefire with Iran. After the announcement, determination were signs that shipping postulation was picking up successful the captious Strait of Hormuz.

"I hold to suspend the bombing and onslaught of Iran for a play of 2 weeks," Mr. Trump wrote connected Truth Social connected Tuesday, saying that the U.S. has "already met and exceeded each Military objectives."

Vice President JD Vance, speaking portion connected a trip to Hungary, called the ceasefire a "fragile truce." 

But astatine slightest 3 explosions were heard astir Iran's Lavan Island Oil Refinery, the country's authorities media reported Wednesday, hours aft President Trump said the U.S. and Iran had agreed to a conditional two-week ceasefire.

It was not instantly wide whether U.S. oregon Israeli forces had launched new attacks connected the island, which sits little than 10 miles disconnected Iran's seashore successful the Persian Gulf, westbound of the entranceway to the Strait of Hormuz.

Israel has besides agreed to the ceasefire proposal, a White House authoritative told CBS News. But Israeli Prime Minister Benjamin Netanyahu's bureau announced precocious Tuesday nighttime that portion Israel supports the United States' two-week ceasefire with Iran, the accord doesn't screen the warring betwixt Israel's subject and Hezbollah, the Lebanon-based Iranian proxy.

Iranian Foreign Minister Seyed Abbas Araghchi confirmed that Iran had agreed to halt "defensive operations," apt referring to its drone and rocket strikes connected U.S. allies successful the region, if the U.S. stops attacking Iran. Araghchi besides said Iran's equipped forces volition coordinate to let for "safe transition done the Strait of Hormuz."  

A maritime monitoring work said Wednesday that vas question was resuming successful the Strait of Hormuz, with astatine slightest 2 ships, a Greek-owned bulk bearer and a Liberia-flagged vessel, moving done the waterway.

"Early signs of vas enactment are emerging successful the Strait of Hormuz pursuing a ceasefire," MarineTraffic said connected societal media. 

After the ceasefire announcement, oil prices plunged Wednesday, staying good supra pre-war levels but dropping beneath the $100 a tube mark, and stocks soared successful aboriginal trading. 

Tucker Reals contributed to this report.