What we know about the two-week ceasefire between the US and Iran

Two weeks after the US-Iran ceasefire was announced, here is what is confirmed and what remains unclear about the agreement that paused what had been the most direct US-Iran military confrontation since the 1988 tanker war.
What Is Confirmed
Both governments have confirmed that a ceasefire is in place. Iranian state media and the White House both described the ceasefire as covering direct US-Iran military operations. The specific trigger for the ceasefire was a US communication, delivered through Oman, that specified conditions under which operations would pause.
Iranian supreme leadership accepted those conditions through a response to the Omani intermediary. That acceptance is the basis of the current pause. Neither side has published the full terms of the agreement.
What Is Not Confirmed
Whether the ceasefire covers Iran-linked proxy groups — the Houthis, Hezbollah, Iraqi Shia militias — is disputed. The US says it does; Iran says those groups are independent actors not bound by a US-Iran bilateral understanding.
Whether Iran’s nuclear programme is covered by ceasefire terms — specifically, whether Iran has committed to pausing enrichment activities during the negotiations — has also not been confirmed. Satellite imagery and open-source analysis of Iranian nuclear sites has not produced a clear answer.
What the Two Weeks Have Produced
The Oman-mediated talks have met twice. Both rounds concluded without public announcements. This is either because the talks are proceeding seriously and the parties are being appropriately disciplined about not negotiating publicly — or because no meaningful progress has been made. Both interpretations are being argued by different analysts.
The oil markets, which are the most efficient price-discoverer for risk in the region, have moved the premium on Hormuz disruption from its crisis peak but have not returned to pre-conflict levels. That’s the market’s assessment: the risk hasn’t gone away, but the acute phase has paused.