Fox News Alert, we have a deal for now.

From the New York Times, I'm Rachel Abrams, and this is the Daily.

The U.S. and Iran have both confirmed that they have agreed to a two-week pause.

It appears Iran has accepted President Trump's terms.

Subject to the immediate opening of the strait.

Just in, out of Iran, a statement read on state-run media instructing all military units to follow the Supreme Leader's order and stop firing.

Just hours before a Trump-imposed deadline that could have led to a massive escalation in the war with Iran, the United States and Iran appeared to reach a temporary ceasefire.

Today, Chief White House correspondent David Sanger explains what led to this last-minute deal

and what it would take to make it stick.

It's Wednesday, April 8th.

David Sanger, thank you so much for taping with us at 9.35 p.m. on this Tuesday night.

It's been a wild day, Rachel.

I can imagine.

David, it feels like the entire world has been holding its breath for the last two days.

As President Trump ratcheted up the threats on Iran

to open the Straits of Hormuz, which included Tuesday morning when he basically threatened

to wipe out the entire country. And just hours before the 8 p.m. deadline that the president

had given Iran to make a deal, both the United States and Iran announced that they'd reached

some kind of temporary ceasefire. What do we know about what they actually agreed to?

Well, we've been trying to sort that out because the American accounts and the Iranian accounts,

as you might imagine, don't completely match up. But what President Trump said was that Iran and the U.S.

have agreed to a 14-day ceasefire. During that time, he said, Iran would commit to making

...