Pakistan on Wednesday announced that the Islamic Republic of Iran and the United States of America, along with their allies, had agreed to an immediate ceasefire, including in Lebanon, effective immediately, and invited their delegations to Islamabad on April 10 for talks aimed at reaching a lasting settlement of disputes. Prime Minister Shehbaz Sharif announced the ceasefire in an early-morning post on X, welcoming the move and extending his “deepest gratitude” to the leadership of both countries. Both sides have displayed “remarkable wisdom and understanding” and remained constructively engaged in furthering the cause of peace and stability, the prime minister said, expressing hope that the ‘Islamabad Talks’ would succeed in achieving sustainable peace and that more positive developments would follow in the coming days. The prime minister, who helped mediate the ceasefire, also invited delegations from both countries to Islamabad on April 10 to “hold further negotiations towards a conclusive agreement to se...
Backchannel diplomatic efforts by Pakistan appear to have finally paid off, as the United States and Iran agreed to a two-week ceasefire after weeks of escalating hostilities triggered by US-Israeli strikes on February 28 that quickly spiralled into a wider regional conflict. During this time, the crisis has unfolded through a mix of military escalations, retaliatory attacks, and behind-the-scenes negotiations, with failed ceasefire proposals and last-minute mediation all shaping the path to this vital breakthrough. Here is a timeline of the key events and statements that defined the conflict: February 28 The US and Israel launched an attack on Iran via air and sea: a series of blasts in Tehran, including near the residence of the supreme leader. A US-Israel airstrike on an elementary school in southern Iran killed more than 170 people, most of them schoolgirls. In retaliation, Iran attacked at least seven Gulf states, striking civilian infrastructure, damaging airports in the UAE and Kuwait, deploying a dron...
Iran's Supreme National Security Council on Wednesday accepted a two-week ceasefire in its war against the US, but emphasized this did not mean an end to the war. The price of Bitcoin pushed past $72,000 for the first time in 20 days after the US and Iran agreed to a two-week ceasefire. “I agree to suspend the bombing and attack of Iran for a period of two weeks,” Trump said in a Truth Social post on Tuesday, hours before his deadline for Iran to reopen the Strait of Hormuz or face military attacks on key infrastructure. Iran's Supreme National Security Council also said it accepted the ceasefire. Read more
The 30-day simple moving average of the global network hashrate has also declined, though an analyst says the slump is due to Bitcoin prices hurting mining profitability rather than conflict. Iran’s hashrate has plummeted over the past quarter amid an ongoing conflict with the US and Israel, though the war itself has not dragged down global hashrate, according to a new report from Hashrate Index. Iran has lost roughly 7 exahashes per second (EH/s) quarter-over-quarter, said Ian Philpot, marketing director at Luxor Technology, in a report published Monday. The country’s hashrate now sits at about 2 EH/s according to the Hashrate Index heatmap. Philpot noted that while the regional conflict clearly impacted Iran, it could have triggered a ripple effect for neighboring countries such as the United Arab Emirates and Oman, yet so far, neither has been affected. Read more