So the state-of-play here as I understand it is that the USA and Iran both agreed to a two-week ceasefire, but understand themselves (or claim to) as agreeing to a ceasefire on different terms re: the strait of hormuz, so it is a kind of 'clap your hands if you believe' sort of ceasefire.

April 07, 2026 - 23:15 UTC

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Trump was apparently asleep for the past 3 years because this is precisely the kind of nonsense that Hamas pulled in every negotiation with Israel since 2023.
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Yeah, the fact that Trump and Iran offered very different visions of what was agreed makes me wonder what the actual content of the agreement was.

But I doubt Pakistan will clarify, because I imagine 'we both get to lie about what we agreed' is part of the agreement.
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We know at least Trump can delude himself into believing nothing bad can happen. Would be a hoot if all traffic goes to the Omani side and they tell the IRGC check's in mail for a few days.
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Well Iran’s position on the strait sure appears to be “yeah it’s open, assuming you pay the fee”

bsky.app/profile/fintwitter.bsky.social/post/3miwvo7lg5p2g
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Hello,👋 I'll love to speak with the rightful owner of the account.?
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Two weeks to rearm and refuel, and if the record holds, should fall apart just after Friday market close
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I believe ceasefire does not start to run until Friday.
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Predictable.

Did we all forget that today is TACO Tuesday?
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Otherwise WWIII will interfere with 🍊's visit to Beijing and CharlesIII's visit to DC, and everyone in the ME knows it. Expect the most humiliating "deal."
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Donald Trump has accepted Iran's 10-point plan as a "basis for negotiation". When non-demented people accept a proposal as such a basis, it means that they are willing to make extra concessions starting from it in order to get changes in some terms they greatly object to. But Trump is demented.
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Concepts of a ceasefire plan
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Israel has their own definition of ceasefire ( bombs )
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Yeah and see, I don't think Iran understands itself as having agreed to do that.

They're saying they agreed to their own 10-point plan, which is not this thing.

bsky.app/profile/fintwitter.bsky.social/post/3miwvg5nb6v2l
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The strait is open to all ships who pay the tolls demanded by both Iran and Oman.
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I wouldn't be surprised if everyone involved except Trump agreed to not opening the strait.

But Trump just ignored that, announced, and is trying to make it real.
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I have a nasty feeling Vance called the WH with an “ok we’re good” and the WH interpreted that however it wanted
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Oh okay heh. That's NOT a ceasefire then. Which is just whatever; we weren't exactly expecting one. It's also not the all-out "fire and fury" rampage we were promised mere hours ago! And SOME people were expecting that, but they are mostly suckers.
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What needs to happen for this to actually move forward is for Iran to open the strait at least temporarily. If it doesn't this is just another waste of time while things move forward as they have done so far
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It may be funnier than that. Iran may have agreed to open the toll road to all paying customers and Trump is calling that open.
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Iran did make side deals today with several Asian nations to let ships through, so maybe the idea is that both sides will have enough cover to claim they won? www.bbc.com/news/articles/c79jqx1xdy9o
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Sounds like TACO Trump wants to take credit for ending something HE started. Ridiculous.
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Got an update from Iran.

"Technical limitations" strikes me as a huge caveat.

bsky.app/profile/peark.es/post/3miww22cdt22u
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it's like Gaza, where you'd get announcements that Israel and Hamas had both agreed to a ceasefire but it wasn't the same ceasefire
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Meanwhile Israel has never stopped bombing Iranian infrastructure. Remains to be seen if they're going to continue that.
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And Iran fired a salvo of missiles at three cities in central Israel, including Jerusalem, while Trump was announcing a ceasefire, so let’s try not to victimize the IRGC.
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Israel has had a "cease fire" with Gaza for 6 months and they're still dropping bombs.
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But have you considered it's very good for market manipulation?
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Sounds like the Iranians are still collecting their tolls on ships. I wonder how stable it will be - Trump loves doing treacherous sneak attacks during negotiations, but he also really wants a break in things so that gas prices go back down for a while.
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I think Trump is happy to have a confused ceasefire that fizzles out after 24 hours because nobody was on the same page, because it lets him escape the red-line that he set
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I mean yeah. That's transparently what went down here. He said a bunch of crazy shit in the desperate hope that the Iranians would freak out and back down. But this pathetic not-really-a-ceasefire was the best he could get. We'll be right back here soon.
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Bingo- how many failed cease fires did he "broker" in Ukraine and gaza
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right so that’s not an agreement lol
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And no Israel in the agreement
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Hey, S&P Futures hit their target so now those crazy kids can do *whatever* (= resume the war sooner rather than later, probably)
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