A cease-fire between the U.S. and Iran appeared to be holding Wednesday after the rivals agreed to a two-week truce in a war that has killed thousands and battered the global economy.
Both sides claimed victory as the truce was announced barely an hour before President Donald Trump's deadline to agree a deal or face obliteration, but Tehran warned the war was not over until formal terms were negotiated.
Tehran has agreed to temporarily reopen the Strait of Hormuz, sending oil prices tumbling Wednesday, but its demands over future control of the vital waterway, uranium enrichment and sanctions are at deep odds with the United States.
The cease-fire was cautiously welcomed by Gulf nations, which have been pummelled by Iranian strikes for more than a month, while Pope Leo was among world leaders who urged the warring sides to broker a lasting truce.
Tehran and Washington both claimed to have won the war, which began on Feb. 28, after U.S.-Israeli airstrikes killed Iran's supreme leader Ayatollah Ali Khamenei and kicked off a regional war.
