Zhu Yongbiao, a Middle East affairs expert at Lanzhou University, told the Global Times that as both sides were locked in a very painful stalemate, continuing the conflict would make the costs of war increasingly unbearable. Therefore, negotiations are aligned with the expectations of both parties.

　　According to Zhu, from the US perspective, for the most parts of Iran"s 10-point proposal, may be unrealistic, particularly demands such as lifting sanctions and providing compensation.

　　"This 10-point plan serves as an opening statement for negotiations," Zhu said. "However, the actual text of a long-standing ceasefire agreement will still require further communication between the two sides."

　　As concerns over a potential military conflict in the Middle East eased significantly, Brent crude oil prices pulled back sharply on Tuesday, while spot gold price rose. Stocks are rushing higher worldwide on Tuesday as a two-week ceasefire in the Middle East helps stabilize investors" sentiment and alleviate fears of energy supply shocks.

　　Some regional countries have express welcome to the ceasefire. The Iraqi Foreign Ministry said Baghdad hopes the truce will deescalate tensions and lead to strengthening security and stability in the region, Al Jazeera reported.

　　The Egyptian Ministry of Foreign Affairs described the move "represents a very important opportunity that must be seized to make room for negotiations, diplomacy and constructive dialogue" in a statement on Facebook.

　　Israeli Prime Minister Benjamin Netanyahu said he supports temporary truce subject to Iran opening straits, according to Xinhua.

　　Israel supports the US-Iran two-week ceasefire, "subject to Iran immediately opening the straits and stopping all attacks on the US, Israel and countries in the region," Israeli Prime Minister Benjamin Netanyahu"s Office said Wednesday.