World welcomes US-Iran ceasefire
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The US and Iran have agreed to a two-week ceasefire, with Tehran set to temporarily reopen the Strait of Hormuz. The news has pushed down crude prices and sent global equities rising, with investors hoping the crisis will come to an end.
The US and Iran have agreed to a ceasefire. The two-week agreement was reached after US President Donald Trump's deadline to Iran expired. Iran will temporarily reopen the Strait of Hormuz. The news has affected crude prices and global equities. The European Union's top diplomat welcomed the ceasefire as a step back from the brink. Iran and the US will start talks in Pakistan on Friday to end the conflict entirely.
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