US-Iran war live updates: Cracks appear in ceasefire; Israel launches record strikes on Lebanon; Iran says Strait of Hormuz closed

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Thank you for joining our continuing live coverage.

Here’s a recap of the latest developments:

  • The US and Iran have agreed to a two-week ceasefire and the reopening of the Strait of Hormuz. US President Donald Trump said he had a 10-point peace proposal from Iran and was willing to negotiate.
  • However, Iran says it has closed the Strait of Hormuz after Israel launched its biggest wave of airstrikes against Lebanon since the outbreak of war more than a month ago. Israeli Prime Minister Benjamin Netanyahu said the ceasefire “does not include Lebanon”, where Israel is continuing to attack Hezbollah.
  • Iranian parliament speaker Mohammad-Bagher Ghalibaf said the bilateral ceasefire was being violated before it began, citing the Israeli attacks in Lebanon as a key factor.
  • A statement from European leaders calling for a halt to attacks on Lebanon as part of a broader ceasefire has been backed by Japan and Canada.
  • Pakistani Prime Minister Shehbaz Sharif has invited delegations from the US and Iran to meet for talks in Islamabad this week.
  • Trump had a closed-door meeting with NATO chief Mark Rutte at the White House on Wednesday (US time) after the president said he was considering withdrawing the US from the alliance.
  • The Australian sharemarket surged on Wednesday in an $80 billion rally.