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US, Iran OK 2-week ceasefire, terms differ: Update
US, Iran OK 2-week ceasefire, terms differ: Update
Updates with Iran's confirmation of ceasefire and assumed conditions Washington, 7 April (Argus) — The US and Iran said on Tuesday they would halt hostilities for a two-week period to finalize a peace deal, but their public statements differ on the status of navigation through the strait of Hormuz. President Donald Trump late on Tuesday said he would delay a planned massive attack against Iran's civilian and energy sites by two weeks if Iran agrees to allow free transit through the strait of Hormuz. Trump cited Pakistan's mediation and said that "subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz, I agree to suspend the bombing and attack of Iran for a period of two weeks." Iran's supreme national security council confirmed the ceasefire agreement but described the peace proposal under discussion as enshrining "continued Iranian control over the strait of Hormuz", according to Iran's Tasnim news agency, which is linked to the Islamic Revolutionary Guard Corps. Trump made the announcement an hour before an 8pm ET deadline he set for starting a campaign to destroy "every" bridge and power plant in Iran. Pakistani prime minister Shehbaz Sharif previewed the move hours earlier by announcing that diplomacy between the US and Iran made progress and suggesting that the sides agree to a two-week ceasefire. Trump asserted that the US already met its military objectives and "are very far along with a definitive Agreement concerning Longterm PEACE with Iran, and PEACE in the Middle East." He further said that Iran submitted a 10-point proposal that he described as workable. Tehran's statement described the 10-point proposal as enshrining its control over Hormuz, lifting all sanctions on Iran, acceptance of its right to nuclear enrichment, withdrawal of all US forces from the region and ending Israel's incursion into Lebanon. "We congratulate all the people of Iran on this victory," the supreme national security council said. The terms as described by Iran would represent a major strategic retreat for the US. But the White House has yet to confirm the details of the proposal. Israel has yet to express its position about the ceasefire and the peace proposal. Trump asserted that he would be negotiating on behalf of Iran's Mideast Gulf neighbors, which have already expressed reservation about any deal giving Iran any degree of control over the flow of oil and gas from the region. Little is known about the details of the negotiations and the identity of the negotiators from the two sides. Crude futures were down in after-hours trading following the confirmation of a ceasefire by both the US and Iran. By Haik Gugarats Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Trump offers 2-week ceasefire to Iran
Trump offers 2-week ceasefire to Iran
Washington, 7 April (Argus) — President Donald Trump late on Tuesday said he would delay a planned massive attack against Iran's civilian and energy sites by two weeks if Iran agrees to allow free transit through the strait of Hormuz. Trump made the announcement an hour before an 8pm ET deadline he set for starting a campaign to destroy "every" bridge and power plant in Iran. Pakistani prime minister Shehbaz Sharif previewed the move by announcing, hours earlier, that diplomacy between the US and Iran made progress and suggesting that the sides to the war agree to a two-week ceasefire. Trump cited Pakistan's mediation and said that "subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz, I agree to suspend the bombing and attack of Iran for a period of two weeks." Trump asserted that the US already met its military objectives and "are very far along with a definitive Agreement concerning Longterm PEACE with Iran, and PEACE in the Middle East." He further said that Iran submitted a 10-point proposal that he described as workable. Tehran has yet to confirm that it will relinquish its control of transit through the strait of Hormuz. Little is known about the details of the negotiations and the identity of the negotiators from the two sides. Trump previously asserted progress in talks with unnamed Iranian representatives, pushing back the deadline for his announced plan to attack Iran's infrastructure and energy sites. The US and Israel already have attacked civilian and energy sites in Iran since the war started on 28 February, prompting Tehran to retaliate by striking at similar facilities in neighboring Mideast Gulf countries. Tehran on Tuesday said if Trump followed through with the types of attacks he promised it would retaliate by targeting Saudi Aramco oil production facilities and its Yanbu oil loading terminal on the Red Sea coastline, as well as the Fujairah port facilities in the UAE, according to Iran's Tasnim news agency, which is linked to the Islamic Revolutionary Guard Corps. By Haik Gugarats Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Pakistan calls for 2-week halt to US-Iran war
Pakistan calls for 2-week halt to US-Iran war
Washington, 7 April (Argus) — Diplomatic efforts to end the US-Israeli war with Iran have progressed far enough to yield "substantive results", Pakistani prime minister Shehbaz Sharif said on Tuesday, suggesting that the US should suspend hostilities and Iran should allow free transit through the strait of Hormuz for a period of two weeks. Sharif made the announcement in a social media post hours before the latest deadline set by President Donald Trump for what he casts as a planned attack against Iran's civilian and energy sites. Trump has threatened to destroy "every" bridge and power plant in Iran starting at 8pm ET on Tuesday. "Diplomatic efforts for peaceful settlement of the ongoing war in the Middle East are progressing steadily, strongly and powerfully with the potential to lead to substantive results in near future," Sharif said in a social media post at 3:17pm ET. "To allow diplomacy to run its course, I earnestly request President Trump to extend the deadline for two weeks," Sharif wrote. "Pakistan, in all sincerity, requests the Iranian brothers to open (the) strait of Hormuz for a corresponding period of two weeks as a goodwill gesture." The US and Iran on Monday both dismissed terms of a ceasefire proposed by Pakistan. Little is known about the details of the negotiations and the identity of the negotiators from the two sides. Trump previously asserted progress in talks with unnamed Iranian representatives, pushing back the deadline for his announced plan to attack Iran's infrastructure and energy sites. The US and Israel already have attacked civilian and energy sites in Iran since the war started on 28 February, prompting Tehran to retaliate by striking at similar facilities in neighboring Mideast Gulf countries. Tehran on Tuesday said it would retaliate against the types of attack promised by Trump by targeting Saudi Aramco oil production facilities and its Yanbu oil loading terminal on the Red Sea coastline, as well as the Fujairah port facilities in the UAE, according to Iran's Tasnim news agency, which is linked to the Islamic Revolutionary Guard Corps. Trump's latest ultimatum pushed May Nymex WTI to around $113/bl on Tuesday. The North Sea Dated crude benchmark rose to a fresh record of $144.68/bl on Tuesday. By Haik Gugarats Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Brazil expects first CGOB issuance in May
Brazil expects first CGOB issuance in May
Sao Paulo, 7 April (Argus) — Brazil's hydrocarbon regulator ANP expects the first issuance of biomethane guarantee-of-origin certificates (CGOBs) to take place in May, a milestone that would trigger compliance obligations under the Fuel of the Future law. Speaking at a panel during the I-REC Day Brazil event in Sao Paulo on Tuesday, ANP director Maria Auxiliadora Nobre said 2026 obligations will be adjusted to reflect the timing of the first issuance. Instead of applying the annual mandate in full, the target will be calculated on a pro-rata basis, meaning only the remaining months of the year after the first CGOB issuance will count toward compliance. Under this structure, CGOB demand in 2026 is expected to be lower than under a full-year mandate, aligning compliance volumes with initial supply availability. Nobre said the agency will formally notify the market once the issuance platform is fully operational. The panel also discussed how the timing of the first issuance could shape early supply-and-demand dynamics and delay price formation. Luis Felipe Poli, business development manager for gas and energy at Petrobras, said buyers already see economic value in the environmental attribute associated with gas, although clearer pricing signals are expected only once issuance begins. On the supply side, Tayane Vieira, head of ESG and government relations at biomethane producer Gas Verde, said 2026 is likely to be a transition year, with market participants testing volumes, certification procedures and demand patterns as the regulated market starts operating alongside voluntary schemes. From the demand perspective, Adrianno Lorenzon, natural gas director at industrial consumers' association Abrace Energia, cautioned that the regulated mandate should not crowd out voluntary demand in the early phase, warning that distortions could affect liquidity and price discovery. Luciano Figueredo, project manager at certification body Instituto Totum, said discussions around certificate fungibility and differentiation by carbon intensity could initially fragment liquidity, with pricing premiums only emerging once trading gains scale. The panel concluded that, while regulatory uncertainty remains, the first CGOB issuance will mark the shift from policy design to market execution, with early prices likely reflecting limited supply and cautious demand from obligated parties. By Rebecca Gompertz Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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