Ceasefire between Israel and Iran has gone into effect - Trump
The ceasefire between Israel and Iran has gone into effect, US President Donald Trump said Tuesday morning. «PLEASE DON'T VIOLATE IT!» - he wrote on social media.
Trump announced a ceasefire between Israel and Iran the day before. Israel has not publicly commented on his words. Overnight, the two sides exchanged strikes again, and Israel reported several deaths in the south of the country as a result of Iranian shelling. Closer to morning, Iran's foreign minister made it clear on social media X that Tehran was halting the attacks.
The day before, Trump announced that Iran would cease fire first, Israel would cease fire 12 hours after that, both sides would refrain from attacks for the next 12 hours, after which «the world will welcome the official end of the 12-day war.»
How the markets are reacting
- The cost of Brent crude oil was down about 4.5% on Tuesday morning, back to the level it was at before the conflict escalated on June 13.
- U.S. stock futures rose, with Dow Jones futures adding 0.8%, the S&P 500 rising 0.9%, and the Nasdaq 100 gaining 1.2%.
- Gold decreased in price as investor demand for safe haven assets waned, with the precious metal's price falling 1% to below $3335 an ounce.
This article was AI-translated and verified by a human editor
