Donald Trump is set to make a major announcement as he threatened the US would blow up Iranian bridges and power plants if Tehran doesn't re-open the Strait of Hormuz

Trump announced this morning that the U.S. military would not attack critical infrastructure in Iran for five days after 'productive' talks with officials.

Global oil prices have nosedived after President Donald Trump's announcement of a two-week ceasefire with Iran in a major reprieve for Britons. The price of US-traded oil plunged by nearly 16.5 per cent to $93.

The president said the agreement was made on the condition that Iran agree to reopen the critical Strait of Hormuz.

Trump critics hammered CNN's Frederik Pleitgen for said the world should “thank” Steve Witkoff in a social media post after the announcement of a ceasefire.

President Donald Trump agreed to a two-week ceasefire with Iran following discussions with Pakistani officials, as questions persist about the Strait of Hormuz and Iran's nuclear material.

"His endorsement is probably better than anything you could get from a California Republican Party convention," said a Republican consultant.

US president says Washington is ‘getting very close’ to achieving goals as he promises to bomb Iran into ‘Stone Ages’.

The Iranian delegation is yet to arrive in Islamabad - Iran's parliament speaker says there must be a ceasefire in Lebanon "before negotiations begin".