Summary: 

• President Trump agrees to a two-week ceasefire with Iran, conditional on them "agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz"

• Iran accepts Pakistan's two-week ceasefire proposal, with the deal approved by the New Supreme Leader; Iran also says safe passage via Hormuz "Possible" for two weeks

• Israel has reportedly agreed to suspend bombing while talks are ongoing.

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President Trump, Iran Agree To 2-Week Ceasefire

Building on the conversations leaked all day, it appears President Trump has withdrawn his threat to end Iranian civilization as they know it...

Based on conversations with Prime Minister Shehbaz Sharif and Field Marshal Asim Munir, of Pakistan, and wherein they requested that I hold off the destructive force being sent tonight to Iran, and subject to the Islamic Republic of 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 of two weeks.

This will be a double sided CEASEFIRE!

The reason for doing so is that we have already met and exceeded all Military objectives, and are very far along with a definitive Agreement concerning Long-term PEACE with Iran, and PEACE in the Middle East.

We received a 10 point proposal from Iran, and believe it is a workable basis on which to negotiate.

Almost all of the various points of past contention have been agreed to between the United States and Iran, but a two week period will allow the Agreement to be finalized and consummated.

On behalf of the United States of America, as President, and also representing the Countries of the Middle East, it is an Honor to have this Long-term problem close to resolution.

Thank you for your attention to this matter!

President DONALD J. TRUMP

Additionally, CNN reports that Israel has agree to suspend bombing while talks are ongoing.

Alayna Treene (@alaynatreene)

Israel is a part of the two-week ceasefire Trump agreed to just an hour and a half before his deadline, a senior White House official tells CNN.

Israel has agreed to also suspend its bombing campaign while negotiations continue, the official said.

And the most important variable, Iran, is also on the same page, and accepts Pakistan's two-week ceasefire proposal with the deal approved by the New Supreme Leaders, according to Iran's Foreign Minster, Aragchi.

More importantly, Iran has said that safe passage via Hormuz "possible" for two weeks.