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US President Donald Trump pulled back on his genocidal threats to launch devastating strikes on Iran late Tuesday, swerving to deescalate the war less than two hours before the deadline he set for Tehran to capitulate or face a major escalation.

Trump said he was holding off on his threatened attacks on Iranian bridges, power plants and other civilian targets, subject to Tehran agreeing to a two-week ceasefire and reopening of the Strait of Hormuz, the waterway through which a fifth of the world’s oil is shipped during peacetime. He also said Iran has proposed a “workable” 10-point peace plan.

Iran’s Supreme National Security Council said it has accepted a two-week ceasefire and that it would negotiate with the United States in Islamabad beginning Friday.

Iranian Foreign Minister Abbas Araghchi said passage through the strait would be allowed for the next two weeks under Iranian military management.

Both sides have thanked Pakistan Prime Minister Shehbaz Sharif and Field Marshal Asim Munir.

Even as the ceasefire was announced, missile alerts continued in the United Arab Emirates, Israel, Saudi Arabia, Bahrain and Kuwait early Wednesday, hinting at the chaos surrounding the diplomatic moves. The U.S. military has halted all offensive operations against Iran but continues defensive actions, said an official, who spoke on condition of anonymity to describe sensitive military operations.

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