Live Updates: Markets embrace Trump's announcement of Iran ceasefire despite new attacks on Gulf states
President Trump announced a conditional two-week ceasefire with Iran, despite ongoing attacks on Gulf states. The ceasefire agreement has been met with optimism from energy and stock markets, with oil prices dropping below $100 a barrel and stock markets in Asia and Europe soaring.
President Trump announced a ceasefire with Iran, effective immediately. The agreement includes a 10-point proposal from Iran, which calls for a US military pull-out from the region and control over the Strait of Hormuz. Despite the ceasefire, attacks on Gulf states continued, with reports of explosions on two Iranian islands. Israel has backed the ceasefire, but says it will continue its war against Hezbollah. The US military was prepared to strike key Iranian infrastructure ahead of the deadline, but Iran ultimately agreed to the deal. The ceasefire has been met with optimism from energy and stock markets, with oil prices dropping and stock markets soaring.
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