The world held its breath on Tuesday, April 7, 2026. Millions of people were searching “did Trump bomb Iran today,” “is the Strait of Hormuz open,” and “Iran ceasefire news” — all at once. The answer, it turned out, was more dramatic than anyone expected. Here’s the full story, from the beginning of this war to the ceasefire that stopped what could have been a catastrophic night.
How Did the US-Iran War Start?
The war between the United States, Israel, and Iran began in late February 2026, following a steady escalation of tensions over Iran’s nuclear program, regional proxy conflicts, and Tehran’s control over the Strait of Hormuz — the narrow waterway through which roughly one-fifth of the world’s oil and natural gas flows every single day.
Iran blocked most oil transit through the Strait of Hormuz after the U.S. and Israel began the war, causing a historic oil supply shock that sent global energy prices soaring. CNBC For businesses, investors, and everyday consumers worldwide, this was not just a military conflict. It was an economic earthquake.
Trump’s Ultimatum: “A Whole Civilization Will Die Tonight”
The situation reached its most terrifying point on Tuesday morning. Trump dramatically escalated his threats, warning on Truth Social that “a whole civilization will die tonight, never to be brought back again” if no agreement was reached before his 8 p.m. ET deadline. CNBC
He had previously threatened to destroy Iran’s power plants, bridges, and oil infrastructure — actions that many legal experts warned could amount to war crimes. CBS News
The world was watching. Tehran went into a partial curfew. Iranian state media broadcast images of citizens forming human chains around the country’s power plants CBS News, attempting to deter strikes through sheer civilian presence. The anxiety was real, and it was global.
Pakistan Stepped In — and Brokered a Deal
What changed everything in those final, tense hours was Pakistan.
Pakistani Prime Minister Shehbaz Sharif urged Trump to extend his deadline by two weeks to “allow diplomacy to run its course,” and separately asked Iran to open the Strait of Hormuz as a goodwill gesture. CNBC
Trump listened. Just 90 minutes before his own deadline, he announced he had agreed to “suspend the bombing and attack of Iran for a period of two weeks,” on the condition that Iran agrees to the complete, immediate, and safe reopening of the Strait of Hormuz. NBC News
Trump declared it “a double sided CEASEFIRE,” writing that the U.S. had “already met and exceeded all military objectives” and was “very far along with a definitive agreement concerning long-term peace with Iran and peace in the Middle East.” Axios
Iran’s 10-Point Peace Plan: What’s In It?
One of the most searched questions right now is about Iran’s 10-point proposal. Trump confirmed he received a 10-point proposal from Iran, calling it a “workable basis on which to negotiate” and stating that “almost all of the various points of past contention have been agreed to.” Axios
Iran’s explanation of the 10-point plan included regulated passage through the Strait of Hormuz under coordination of Iran’s armed forces, which Tehran said would confer upon Iran a unique economic and geopolitical standing. It also called for full sanctions relief. PBS
Iran’s Supreme National Security Council confirmed acceptance of the two-week ceasefire, with negotiations set to begin in Islamabad, Pakistan on Friday, April 10. Al Jazeera
Is the Strait of Hormuz Open Now?
Iran’s foreign minister confirmed that safe passage through the Strait of Hormuz will be possible for a period of two weeks via coordination with Iran’s armed forces. Al Jazeera That’s a conditional reopening — not a full, unrestricted one — but it’s enough to begin stabilizing oil markets in the short term.
For businesses and investors tracking energy prices, shipping costs, and global supply chains, this development is significant. A fully open Strait would ease inflationary pressure across dozens of industries worldwide. Watch oil futures and USO stock closely over the coming days.
What Happens Next?
The U.S. and Iran are expected to hold peace talks on Friday in Islamabad, with Vice President Vance likely leading the U.S. delegation. Axios
Iran’s Supreme National Security Council was firm, however, stating: “This does not signify the termination of the war. Our hands remain upon the trigger, and should the slightest error be committed by the enemy, it shall be met with full force.” PBS
Experts are also questioning whether Israel will fully comply with the ceasefire, particularly regarding its ongoing operations in Lebanon. Al Jazeera The next two weeks will be among the most consequential in modern geopolitical history.
What This Means for Business and Global Markets
At kubergyan.com, we track how world events reshape financial landscapes. The Iran-US war has already disrupted global oil supply, spiked shipping insurance costs, rattled emerging market currencies, and created volatility in defense and energy stocks. A durable ceasefire — and eventual peace deal — could unlock significant market relief, particularly in Asia and Europe, which are heavily dependent on Persian Gulf energy.
But a fragile, two-week pause is not peace. Investors should remain cautious until Islamabad talks produce something concrete.
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