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The White House is considering in-person talks with Iran - hours after Donald Trump pulled back his threats to obliterate the country.
The US President says he's agreed to Pakistan's request for a two-week ceasefire, if Iran allows shipping traffic through the Strait of Hormuz.
Trump says they're working through a10-point peace plan, proposed by Iran.
US correspondent Dan Mitchinson says this news led to oil prices dropping, but it's unknown how long this will last.
LISTEN ABOVE
- Iran deal a 'total and complete victory' for US, Trump tells AFP
- 'Entire country taken out': Trump threatens 'decimation' of Iran if peace deal not struck
- US 'blew up own planes' stuck in remote area of Iran during rescue operation for stranded pilot
- Iran rejects Trump's threat of 'hell' as 'helpless and stupid'
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