Trump agrees to two-week ceasefire with Iran

President Donald Trump announced the United States reached a ceasefire with Iran for two weeks after earlier threatening to destroy Iranian energy and transportation infrastructure and wipe out a "whole civilization."

The pause came less than two hours before the 8 p.m. ET deadline Trump set for a deal. The agreement, the president said, will be contingent on Iran allowing oil shipments through the Strait of Hormuz, the waterway used to ship much of the world's oil.

The president had threatened to launch the sweeping attacks if the country did not relinquish its grip over the critical area. Iran has blocked traffic through the strait, driving up fuel prices and causing the global economy to wobble.