Iran has accused the US of violating the ceasefire. What about stocks?
Iran doubts the feasibility of a truce with the US, as it believes Washington has already violated the agreement / Photo: Poliorketes / Shutterstock.com
Iranian Parliament Speaker Mohammad Bagher Ghalibaf on Wednesday accused the US of violating a two-week ceasefire agreement. The truce was announced by US President Donald Trump less than 24 hours ago.
According to Ghalibaf, three of the ten points of Iran's ceasefire proposal have been violated. He said they were Israel's continued attacks on Lebanon, the intrusion of a drone into Iranian airspace, and the refusal to recognize the Islamic Republic's right to enrich uranium.
Amid the announcement, U.S. stocks, which had surged thanks to the truce, lost some of their momentum. The S&P 500 broad market index, which had reached an intraday high of 6790 points, fell to 6767 points. It remained up 2.2% at the time of publication of this text. The Dow Jones blue-chip index and the tech-heavy Nasdaq Composite were up about 2.4%.
Brent and WTI crude oil futures pulled back from daily lows and traded above $96 per barrel.
This article was AI-translated and verified by a human editor
