• During the overnight hours of April 7-8 (Iran time), US President Donald Trump announced that following Pakistani mediators’ request to postpone his ultimatum to Iran, which was slated to expire within a couple of hours, and subject to Iran agreeing to the complete reopening of the Strait of Hormuz, he agreed to suspend attacks against Iran for a period of two weeks.
• He indicated that this would be a mutual ceasefire.
• He further indicated that the US received a ten-point proposal from Iran and believes it is a workable basis for negotiations.
• Emerging Iranian reports frame the development as a retreat by President Trump and a caving in to Tehran’s demands.
• A report citing the White House indicated that Israel is part of the ceasefire and hence, Jerusalem will also suspend its attacks against Iran. A ceasefire between Israel and Hezbollah in Lebanon is not included within this framework, as per current reports.
• Immediately following Trump’s announcement, Iranian launches of missiles against Israel’s Jerusalem area were recorded. There were no indications of impacts and injuries.
• It is still unclear when the ceasefire will come into force as of the time of writing. 

Continue to shelter in place and monitor regional developments until details of the ceasefire, particularly its formal entry into force, become clearer over the coming hours.