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World heaves sigh of relief

Daily FT

|

April 09, 2026

THE whole world collectively heaved a sigh of relief on Tuesday when it was announced that the United States and Iran have agreed to a two-week ceasefire brokered by Pakistan, suspending a six-week-old war that has led to the deaths of thousands in the Middle East and disrupted the world’s energy supply lines.

Iran has confirmed it will allow the resumption of shipping across the Strait of Hormuz during the two-week period, easing a disruption which had sent global oil and gas prices soaring. Israel has also announced it will halt its attacks on its longtime foe, international media reports said.

The terms of the agreement are not entirely clear, but talks between the US and Iran are slated for tomorrow in the Pakistan capital, Islamabad, where a durable peace agreement will be discussed. Given the massive disruption to the lives of people all over the world, any ceasefire agreement is most welcome.

Sri Lanka is among the worst-hit countries due to hostilities in the ME region and, hence, this news is indeed welcome.

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