US President Donald Trump says he has agreed to a proposed two-week ceasefire between the US and Iran if shipping traffic is allowed to move through the Strait of Hormuz.
Iranian Foreign Minister Abbas Araghchi has announced Iran will agree to a ceasefire "if attacks against Iran are halted".
The US president had set a deadline of 20:00 EDT (01:00 GMT) for a deal or else "a whole civilisation will die tonight".
Pakistan, which has been acting as a mediator, called on Trump to extend his deadline for two weeks, and has invited both sides for talks in Islamabad on Friday.
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