Latest update:
800 Ships Trapped In The Persian Gulf Are Scrambling To Figure Out If They Can Leave
“You don’t switch global shipping flows back on in 24 hours”
- The United States and Iran have announced a suspension of all attacks for two weeks, and Tehran has agreed to allow safe transit of vessels through the Strait of Hormuz.
- Iran has claimed victory and says upcoming talks in Pakistan’s Islamabad on Friday do not mean that the end of the war is guaranteed.
Oil prices slide, stocks surge as Trump announces two-week Iran ceasefire
Investors welcome the possible resumption of oil and gas flows through the Strait of Hormuz.
Oil prices have dived, bonds rallied, and stocks surged as a two-week ceasefire involving Iran spurred a relief rally, with investors cheering the possible resumption of oil and gas flows through the Strait of Hormuz.
US President Donald Trump said late on Tuesday that he had agreed to suspend attacks on Iran for two weeks, adding that a long-term peace agreement was in progress.
President Donald Trump has agreed to a two-week ceasefire subject to Iran implementing a complete, immediate and safe opening of the Strait of Hormuz. Immediately after the announcement of the agreement, oil prices plunged below $100 per barrel.
Israel has said the ceasefire will not include Lebanon and has continued its attacks on the country.
Hezbollah is threatening that the US-Iranian ceasefire deal could collapse altogether if the Lebanon front is not included.
The Israeli military issued a statement this morning saying the fighting with Hezbollah and the ground invasion will continue, backing what Israeli Prime Minister Benjamin Netanyahu said – that the [ceasefire] deal does not include Lebanon.
In other news, the massive explosion of a fuel tanker truck under the Bridge of the Americas over the Panama Canal killed one person and injured two, temporarily closing the bridge. Traffic on the Panama Canal is continuing normally.



