Iran and US agree two-week conditional ceasefire

Donald Trump announces a two-week ceasefire between the US and Iran, if shipping is allowed through the Strait of Hormuz.

Iranian Foreign Minister Abbas Araghchi says Tehran will agree to the end in fighting "if attacks against Iran are halted".

Here's what else Iran says is in the 10-point ceasefire plan - including compensation, reports BBC.

Israel carries out new air strikes in southern Lebanon on Wednesday morning and says the two-week ceasefire "does not include Lebanon" - despite Pakistan's prime minister saying it does.

The US-Iran ceasefire was first announced by Trump about 90 minutes before his 20:00 EDT (01:00 BST) deadline for Iran to make a deal - here's how the countdown ticked by.

Pakistan, which has been acting as a mediator, invites both sides for talks in Islamabad on Friday - while UK PM Keir Starmer is travelling to the Gulf to discuss support for the ceasefire.

Iran is claiming a big victory, BBC Persian correspondent writes - yet no matter what it says, it is in a very weak position.

Oil prices have fallen sharply, but energy prices will remain elevated for some time, BBC correspondent writes.