Trump Announces Two‑Week US‑Iran Ceasefire, Stocks Jump
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- Trump announced on Truth Social a two‑week suspension of U.S. bombing and attacks on Iran, citing a 10‑point Iranian proposal as a workable basis for negotiation.
- Dow futures rose more than 1,000 points in early trade as global equity markets rallied on the ceasefire news.
- Brent and WTI crude prices fell below $100 a barrel following the ceasefire announcement.
- Iran’s Foreign Minister said Tehran would halt defensive operations and permit safe passage through the Strait of Hormuz if attacks cease, subject to coordination and technical limits.
- Middle‑Eastern air defenses in the UAE, Saudi Arabia, Kuwait, Bahrain, and Qatar reported intercepting Iranian missiles and drones hours after the ceasefire began.
- Israel’s Prime Minister Netanyahu clarified that the two‑week truce would not extend to Lebanon, while Lebanon’s Economy Minister welcomed the ceasefire but urged inclusion of Lebanon.
Why it matters: The rally lifts Dow futures by over 1,000 points, while oil prices dip below $100, benefitting traders but hurting oil exporters; however, continued missile alerts in UAE, Saudi Arabia, and other Gulf states underscore that the truce may be fragile.
