‘Big money will be made’, says Trump after Iran ceasefire deal

President Donald Trump over the course of a day went from threatening Iran with “annihilation” to proclaiming that the battered Islamic Republic’s leadership had presented a “workable” plan that led him to agree to a 14-day ceasefire that he expects to pave the way to end the nearly six-week-old war.

The dramatic shift in tenor came as intermediaries, led by Pakistan, worked feverishly to head off a further escalation of the conflict. Even China — Iran’s biggest trading partner and the United States’ most significant economic competitor — quietly pulled strings to find a pathway toward a ceasefire, according to two officials briefed on the matter who were not authorized to comment publicly and spoke on the condition of anonymity.

“The reason for doing so is that we have already met and exceeded all Military objectives, and are very far along with a definitive Agreement concerning Longterm PEACE with Iran, and PEACE in the Middle East,” Trump declared in a social media post announcing the temporary ceasefire, about 90 minutes before his deadline for Tehran to open the critical Strait of Hormuz or see its power plants and other critical infrastructure obliterated.

The president is set to meet at the White House on Wednesday with NATO Secretary-General Mark Rutte. The emerging ceasefire and plan to reopen the strait is expected to be at the center of talks.

As the deadline neared, Democratic lawmakers decried Trump’s threat to wipe away an entire civilization as “a moral failure” and Pope Leo XIV warned strikes against civilian infrastructure would violate international law, calling the president’s comments “truly unacceptable.”

But in the end, Trump may have ultimately backed down because of a simple truth: Escalation could risk involving the United States in the sort of “forever war” that had bedeviled his predecessors and that he had vowed he’d keep the United States out of if voters sent him back to the White House.