Iran and Oman will begin charging transit fees for ships passing through Hormuz Strait — AP

Iran plans to spend the received funds on post-war reconstruction, the agency's interlocutor noted.

At the same time, it is unclear how Oman will use its share of the revenue.

U.S. President Donald Trump agreed to suspend the bombing of Iran for two weeks on the condition of the immediate opening of Hormuz Strait, he said on the night of April 8.

The U.S. has already "achieved and exceeded all military goals" and has also "made significant progress" in reaching a final peace agreement, he claimed.

Iran's Supreme National Security Council later confirmed the agreement on a two-week ceasefire with the U.S. Israel also agreed to suspend bombings.

The delegations of Iran and the U.S. are invited to a meeting in Islamabad for further negotiations, Pakistani Prime Minister Shehbaz Sharif stated.

Trump voiced a series of threats against Iran the day before, stating that the U.S. could "destroy Iran in one night" and bomb all the country's bridges and power plants in a matter of hours. An "entire civilization will perish" if his demands are not met, he also warned.

The ultimatum announced by Trump expired at 8 p.m. EST (3 a.m. Kyiv time on April 8).