
After 39 days of war, Iran and the United States agreed to a two-week ceasefire minutes before Trump's deadline. The conflict began February 28 when US and Israel killed Iranian Supreme Leader Ayatollah Ali Khamenei. Peace talks will occur in Pakistan with delegations from both nations. Key disagreements include US military presence in the region, Iran's nuclear program, ballistic missiles, and Strait of Hormuz control. Global markets responded positively, with oil prices falling and stock indices rising.