This is CNBC’s live blog covering Asia-Pacific markets.

Asia-Pacific markets are set to open higher Tuesday, after United States President Donald Trump announced that Iran and Israel have agreed to a ceasefire.

“It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE ... for 12 hours, at which point the War will be considered, ENDED!” Trump wrote on Truth Social.

However, neither Iran nor Israel has publicly confirmed they have accepted Trump’s ceasefire timeline.

Japan’s benchmark Nikkei 225