CBC News Network reported Wednesday that the United States, Israel, and Iran have reached a two-week ceasefire agreement. The announcement came with a threat from U.S. President Donald Trump of severe consequences had an agreement not been reached.

According to the broadcast, Trump agreed to suspend attacks on Iran for two weeks, provided Iran immediately reopens the Strait of Hormuz. In response, Iran’s foreign affairs minister stated that safe passage through the Strait would be possible during the two-week period, contingent on a halt to attacks against Iran and coordination with Iranian armed forces, taking into account technical limitations.

During the broadcast, Dennis Horak, Canada’s senior diplomatic official in Iran from 2009 to 2012, noted that dealing with Iran is always complicated and that the caveat regarding coordination with Iranian authorities is typical of their negotiation style. He suggested that Iran retaining control of the Strait may be problematic, but is a common aspect of negotiations with the country.

Horak also highlighted the unusual role of Pakistan as a mediator, noting that Oman typically fills this role. He speculated that Iran may have felt Oman was no longer a useful conduit, particularly after Iranian missiles struck Omani territory.

Commentators on CBC News Network discussed the potential motivations behind Trump’s decision, suggesting the rising price of gas and its impact on the American economy may have played a role. Nader, a guest commentator, stated that Trump is vulnerable domestically and that the war is unpopular with Americans.

Iranian-Canadian radio host Mehdi Falahi, speaking to CBC News, described the situation as a “roller coaster” and expressed cautious optimism. He also shared concerns about his sister’s safety in Iran, stating he has been unable to contact her for a week and that she lives near a recently damaged bridge.

The United Nations reported that over one million people have been displaced in Lebanon due to the conflict, with children disproportionately affected. The UN also stated that Israel’s offensive against Hezbollah-backed forces in Lebanon has killed almost 1,500 people, including at least 129 children.