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The prime minister welcomes the deal, saying the UK will do "all we can to support and sustain this ceasefire".
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Shares of Asian tech and semiconductor comoanies surged on the news that the U.S. and Iran agreed to a conditional two-week ceasefire.
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Pakistan has a historic relationship with Iran, but an agreement was far from certain, writes the BBC's Caroline Davies
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The Democratic lawmakers on Capitol Hill backed steps like impeachment and removing the president via the 25th Amendment, even after Trump's ceasefire announcement.
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A two-week ceasefire between the U.S. and Iran sparked a broad-based relief rally across risk assets, and even buoying traditional safe havens.
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The provisional truce comes more than a month after the US and Israel launched coordinated attacks on Iran.
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Asia-Pacific markets opened higher after President Donald Trump said he agreed to suspend planned attacks on Iranian infrastructure for two weeks.
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President Donald Trump agreed to the ceasefire with Iran after discussions with Pakistan Prime Minister Shehbaz Sharif.
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Markets are rejoicing after President Donald Trump announced a two week cease-fire with Iran and Tehran signaled a reopening of the Strait of Hormuz.
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President Trump has announced a two-week ceasefire with Iran, contingent on their opening of the Strait of Hormuz. In an earlier online post, he had threatened "a whole civilization will die tonight."
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