Trump proposes double sided ceasefire in Iran conflict as deadline for deal approaches

Apr 7, 2026, 10:39:06 PM UTC(12 hours ago)

Impact: Medium

Affected Assets

President Trump described a 45-day ceasefire proposal as a significant step but noted it was not good enough while demanding a double sided agreement
Iran rejected the initial 45-day truce proposal mediated by Egypt and Pakistan and instead called for a permanent end to the war
The U.S. administration set an 8 p.m. Tuesday deadline for a deal to be reached or face the threat of widespread destruction of power plants
Pakistan has proposed a last-ditch two-week ceasefire extension and the reopening of the Strait of Hormuz as a goodwill gesture
Market analysts report high volatility as the deadline nears with Israel demanding Iran hand over all enriched uranium as part of any truce

TRUMP: THIS WILL BE A DOUBLE SIDED CEASEFIRE