What comes next in the Iran war? What this ceasefire will and won't do

This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by LSEG. Former NSC Senior Director Michael Allen highlights concerns over Iran's demands for tolls and unimpeded access for ships through the vital waterway after the U.S. and Iran agreed to a two-week ceasefire. The Iran ceasefire was less than three hours old when missiles began flying from Iran toward Israel and the Gulf states. That detail — documented in real time — tells you more about the durability of this agreement than any official statement. A pause is not peace. A handshake in Islamabad is not a settlement. And a region that has been at war for 40 days does not stand down because two governments issued parallel social media posts. The two-week ceasefire brokered by Pakistan’s Prime Minister Shehbaz Sharif and Army chief Gen. Asim Munir is genuinely welcome. It stepped both sides back from a precipice with real humanitarian and strategic consequen