New Delhi, -- United States and Iran have agreed to a two-week ceasefire with US President Donald Trump announcing cessation of hostilities and Tehran agreeing to allow passage through Hormuz Strait for ''a period of two weeks in coordination with the Iranian Armed Forces.''The understanding was reached on the US 15-point proposal and Trump's announcement about acceptance of the general framework of Iran's ten-point proposal as a basis for further negotiations.

President Trump while announcing the cessation of hostilities on his social media platform early this morning, said that subject to Iran agreeing to the ''COMPLETE, IMMEDIATE, and SAFE OPENING' of the Strait of Hormuz, ''I agree to suspend the bombing and attack of Iran for a period...