With the intermediary diplomatic role of Pakistan, the US and Iran agreed to a 2-week ceasefire, open the Strait of Hormuz, conduct negotiations in Islamabad and jointly move towards a political solution to help end the conflict.
Previously, the Iranian side had transferred to the US side a proposal of 10 points to end the fighting, which is basically a compilation of Iran's long-standing preconditions that the US side has resolutely rejected.
The ceasefire was considered a victory by both the US and Iran. The US believes that this is a sign of Iran's concession after more than 40 days of conflict and strong pressure. However, Washington's proactive search for a ceasefire also shows recalculations after tensions escalated.
In fact, the development of the situation since the ceasefire agreement was re-established shows that this agreement is very likely to collapse because it has only ceased fire between the US and Israel with Iran, but all other aspects of the manifestation of this conflict continue as before the ceasefire agreement. Israel continues to attack Lebanon. The Strait of Hormuz is still closed in reality. The US maintains troop deployments in the area around Iran and continues to loudly threaten Iran. Mr. Trump frequently changes his views, leaving Iran to increase military activities in Lebanon to threaten Iran's security and Iran does not believe in the goodwill of the US to ceasefire and peace talks. Therefore, this ceasefire is like a pause between 2 storms.
With the current ceasefire context, the prospect of peace talks is difficult to achieve results, as the two sides still resolutely reject each other's preconditions. The US continues to be confident in its military advantage, while Iran still holds many strategic "cards"; Israel also does not want the US and Iran to move towards a peace treaty. Pakistan has taken advantage of the opportunity to mediate the ceasefire agreement, but this role will be very limited when the two sides enter substantive negotiations.