Live updates: Will US–Iran ceasefire hold or crack? What you need to know
As a fragile US–Iran ceasefire takes hold, attention turns to the Strait of Hormuz, oil markets and regional stability — with businesses and governments watching closely
09 April, 2026
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A fragile two-week ceasefire between the US and Iran has taken effect after weeks of conflict that disrupted global energy markets and brought shipping in the Strait of Hormuz to a near standstill.
Brokered through Pakistan at the last minute, the truce has eased immediate fears of escalation, but key flashpoints remain unresolved, from control of Hormuz to ongoing regional hostilities.
While oil prices have eased and diplomatic talks are expected to follow, shipping firms, governments and markets remain cautious, with limited vessel movement and continued security risks across the region.
Gulf Business will bring you the latest developments, reactions and market impact as the situation evolves.
Saturday, 11th April 2026, 06:00
The US and Iran were to hold negotiations in the Pakistani capital Islamabad on Saturday to end their six-week-old war, although Tehran threw the talks into doubt by saying they could not begin without commitments on Lebanon and sanctions.
The US delegation, led by Vice President JD Vance and including President Donald Trump’s special envoy Steve Witkoff and son-in-law Jared Kushner, was on its way to Islamabad after a refuelling stop in Paris.
The Iranian delegation, led by parliamentary Speaker Mohammad Baqer Qalibaf and Foreign Minister Abbas Araqchi, arrived on Friday.
Read more: JD Vance jets into Islamabad for ‘make-or-break’ US-Iran talks

Friday, 10th April 2026, 06:33
TOKYO, April 10 (Reuters) – Japan’s Nikkei share average surged on Friday and was on track for its sharpest weekly gain in eight months, as optimism over corporate earnings and technology investment outweighed concerns about a fragile ceasefire in the Middle East.
The benchmark Nikkei 225 Index .N225 rose 1.65% to 56,817.54, poised for a 6.8% weekly jump that would be its best since mid-August. The broader Topix .TOPX edged up just 0.05% to 3,743.17.
The Nikkei and other global indexes rose sharply on Wednesday, following the announcement of a ceasefire to the nearly six-week long war in Iran that has nearly halted oil shipments from the region.
All eyes are now on talks in Pakistan this weekend, as representatives from the United States and Iran meet to solidify the deal to end hostilities.
Thursday, 9th April 2026, 21:14
JERUSALEM/BEIRUT/ISLAMABAD, April 9 (Reuters) – Israeli Prime Minister Benjamin Netanyahu said on Thursday he is seeking direct talks with Beirut, a day after the worst bombardment of the war killed more than 300 people in Lebanon and placed Donald Trump’s US-Iran ceasefire in jeopardy.
Thursday, 9th April 2026, 17:40
DUBAI/BEIRUT/ISLAMABAD, April 9 (Reuters) – Israel bombed more targets in Lebanon on Thursday, putting the US-Iran ceasefire into further jeopardy after the biggest Israeli attacks on its neighbour of the war killed more than 250 people and threatened to torpedo Donald Trump’s truce.
In Pakistan, authorities locked down the capital Islamabad in anticipation of the war’s first peace talks, cutting off access to a 3-km (2-mile) zone around the five-star luxury Serena Hotel. Both the US and Iranian delegations are expected to stay at the hotel, which told all guests to check out until Sunday as it had been “requisitioned” for “an important event”.
But there was no sign Iran was lifting its near-total blockade of the Strait of Hormuz, which has caused the worst disruption to global energy supplies in history. Tehran said there would be no deal as long as Israel was striking Lebanon.
In the first 24 hours of the ceasefire, just a single oil products tanker and five dry bulk carriers sailed through a strait that accommodated 140 ships a day before the war.
Thursday, 9th April 2026, 15:00
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Thursday, 9th April 2026, 12:00
Lloyd’s List Intelligence tracked just three vessels transiting the Strait of Hormuz since the US-Iran ceasefire was announced early on Wednesday, all with current or past links to Iran.
Here is the rest of Lloyd’s List Intelligence’s update for Thursday, 9 April:
- Another three vessels are approaching the Strait of Hormuz or are positioned to transit the strait (all via Larak Island)
- Preliminary numbers show there were 14 transits of the strait on April 7
- Iran’s approval system for ships being granted safe passage through the Strait of Hormuz remained unchanged on Wednesday. The prospect of increased traffic through the strait, however, is expected to increase the number of vessels having to pay a multimillion dollar toll to transit
- Last week was the busiest since the start of the conflict with 72 transits, however, traffic is still 90% below normal volumes
Thursday, 9th April 2026, 08:30
As he has done throughout this regional crisis, US President Donald Trump has taken to his Truth Social account once again to issue further threats to Iran if certain demands from the US aren’t met. It’s expected that US and Iranian officials will meet in Pakistan on Friday to begin talks.
Thursday, 9th April 2026, 04:54
DUBAI/TEL AVIV/BEIRUT/BUDAPEST, April 8 (Reuters) – Israel pounded Lebanon with its heaviest strikes yet on Wednesday, killing hundreds of people and drawing a threat of retaliation from Iran, which suggested it would be “unreasonable” to proceed with talks to forge a permanent peace deal with the United States.
The warning from Iran’s lead negotiator, parliament speaker Mohammed Bager Qalibaf, laid bare the continued volatility in the region following Tuesday’s ceasefire announcement by President Donald Trump. The two sides have laid out sharply contrasting agendas for peace talks set to start on Saturday, but it was unclear whether the two-week ceasefire would hold until then.
Qalibaf said Israel had already violated several conditions of that ceasefire by ramping up its parallel war against the Iran-aligned militia Hezbollah, while the US had violated the agreement by insisting that Iran abandon its nuclear ambitions.
“In such a situation, a bilateral ceasefire or negotiations were unreasonable,” he said in a statement.
Israel and the United States both said the two-week ceasefire did not cover Lebanon, and Israeli Prime Minister Benjamin Netanyahu said the strikes would continue.
“I think the Iranians thought that the ceasefire included Lebanon, and it just didn’t,” US Vice President JD Vance, who will lead the US delegation, told reporters in Budapest.
The two sides appeared to be far apart on Iran’s nuclear program as well – one of the factors that Trump cited as the basis for war.
Thursday, 9th April, 4:49am
Lebanon’s Hezbollah said early on Thursday it fired rockets at northern Israel in its first attack against the country since the United States reached a two-week ceasefire agreement with Iran.
Hezbollah said in a statement that its attack came in response to what it described as Israeli ceasefire violations, after Israel launched its biggest attack on Lebanon in this war on Wednesday.
Thursday, 9th April 2026, 04:01
LONDON (Reuters) – The war that closed the Strait of Hormuz has ended – for now. But Tehran’s demand to act as toll booth keeper at the world’s most critical oil chokepoint could leave energy markets vulnerable and hardwire higher prices for years to come.
The US and Iran agreed on Tuesday to a two-week ceasefire brokered by Pakistan, subject to Tehran pausing its blockade of oil and gas traffic through the strait, according to US President Donald Trump.
An Iranian official said on Wednesday that the vital waterway, through which around a fifth of the world’s oil and gas flowed before the US-Israeli war on Iran began nearly six weeks ago, could be reopened by Friday in a limited fashion under Iranian control.
Tehran had also indicated on Tuesday that, under a permanent peace deal, it would seek to charge a fee for ships transiting the strait, which is just 34 km (21 miles) wide at its narrowest point between Iran and Oman.
With full details of the ceasefire deal still unclear, some media reports indicate that Oman has strongly pushed back, making clear that no such toll regime is acceptable under existing agreements, while others suggest that such a tolling system may already be in place.
Trump said in an interview with ABC News on Wednesday that the US was also thinking about setting up a joint venture to charge ship tolls for access through Hormuz.
How such a scheme would operate in practice remains far from clear. But Iran may hold the upper hand. The conflict has demonstrated Tehran’s ability to strike dozens of vessels using drones, missiles and sea mines – a capability that gives it powerful leverage even without a formal blockade.
Wednesday, 8th April 2026, 22:35
(Reuters) – The UAE will seek clarification on the terms of the U.S.-Iran two-week ceasefire agreement to ensure Tehran’s full commitment to a cessation of attacks on the region and “unconditional reopening” of the Strait of Hormuz, a foreign ministry spokesperson said in a post on X.
The spokesperson stressed the need for a comprehensive approach that addresses Iranian threats, including Tehran’s nuclear and military capabilities and its proxies in the region.
Wednesday, 8th April 2026, 15:45
(Gulf Business) UAE downs missiles, Kuwait infrastructure hit despite ceasefire – read more here.
The developments come just hours after Donald Trump announced a two-week ceasefire agreement with Iran
Wednesday, 9th April 2026, 09:59
Editor’s note: The Strait question — will Iran reopen Hormuz after Trump’s ceasefire?
Gulf Business group editor, Gareth van Zyl, wrote an opinion piece reacting to the ceasefire announcement. You can read it in full here. Below is an extract:
Iran has indicated it wants to retain a level of control over the Strait as part of any broader agreement. The US, meanwhile, has made clear that full reopening is essential.
Read more: This is Iran’s 10-point proposal to end the war
That tension sits at the heart of the current ceasefire.
It also reflects a familiar negotiating style from Trump. In his 1987 book, The Art of the Deal, he describes starting from maximalist positions before stepping back: a strategy that can create leverage, but also unpredictability.
The question now is whether that approach will translate into a lasting outcome.
Wednesday, 9th April 2026, 03:00
- Trump agrees to two-week Iran ceasefire, drops threat to destroy ‘whole civilisation’ — read the full article here.
- This is Iran’s 10-point proposal to end the war — read the full article here.























