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Market Reaction to Ceasefire
Percentage change in global oil prices following the ceasefire announcement.
Primary Sources
Trump announces two-week ceasefire as Iran agrees to reopen Hormuz Strait
United States President Donald Trump has agreed to suspend his planned bombing of Iran for two weeks, following his threat that “a whole civilization will die tonight” if Tehran did not comply with his demands.On Tuesday evening, within hours of the planned attack, Trump took to his platform Truth Social to announce he had reversed course.Recommended Stories list of 3 itemslist 1 of 3Iran warns region and beyond as tension builds ahead of US ultimatumlist 2 of 3Trump announces two-week ceasefire as Iran agrees to reopen Hormuz Straitlist 3 of 3Trump agrees to pause attacks on Iran if Strait of Hormuz opensend of listHe credited Pakistan for mediating the settlement, but warned it came with conditions – namely that Iran reopen the Strait of Hormuz.“Based on conversations with Prime Minister Shehbaz Sharif and Field Marshal Asim Munir, of Pakistan, and wherein they requested that I hold off the destructive force being sent tonight to Iran, and subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz, I agree to suspend the bombing and attack of Iran for a period of two weeks,” Trump wrote.The message was posted online at 6:32pm US Eastern time (22:32 GMT), just under one and a half hours before Trump’s 8pm (00:00 GMT) deadline for the attack.Shortly after Trump’s message, Iran’s Minister of Foreign Affairs Abbas Araghchi confirmed that a tentative agreement had been reached.“If attacks against Iran are halted, our Powerful Armed Forces will cease their defensive operations,” Araghchi wrote.“For a period of two weeks, safe passage through the Strait of Hormuz will be possible via coordination with Iran’s Armed Forces and with due consideration of technical limitations.”Araghchi likewise thanked Pakistan for its last-minute appeal to suspend the US bombing campaign. Iran’s Supreme National Security Council also hinted in a separate statement that the ceasefire could be extended beyond its initial two weeks if negotiations proceed favourably.Further talks are expected to take place in Islamabad over the coming weeks.Dire warningsIn the lead-up to the Thursday evening announcement, there had been speculation that Trump might extend the deadline, as he has multiple times in recent weeks.But tensions had mushroomed on Tuesday as the deadline inched closer – and after Trump himself posted a menacing message on social media that morning.“A whole civilization will die tonight, never to be brought back again...
Trump-Iran agree to two-week ceasefire, plan to open Strait of Hormuz
President Donald Trump pauses as he finishes speaking about the Iran war from the Cross Hall of the White House on Wednesday, April 1, 2026, in Washington. Alex Brandon | Getty ImagesPresident Donald Trump on Tuesday said he agreed to suspend planned attacks on Iranian infrastructure for two weeks, backing off his shocking threats to imminently order the destruction of Iran's "whole civilization."The move, more than five weeks after the U.S. and Israel launched the war, was "subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz," he wrote on Truth Social.The decision was "based on conversations with Prime Minister Shehbaz Sharif and Field Marshal Asim Munir, of Pakistan," Trump wrote."This will be a double sided CEASEFIRE!" he declared.Oil prices plunged as much as 16% following the announcement, while U.S. stock futures shot up.Iran Foreign Minister Abbas Araghchi said in a separate statement that ships will be able to safely pass through the strait for the two-week interval "via coordination with Iran's Armed Forces and with due consideration of technical limitations."Trump's announcement came less than two hours before his deadline on Iran to either make a deal that includes opening the strait — a vital artery for global oil transit — or else face major attacks on its civilian infrastructure.The 8 p.m. ET deadline — which Trump set Sunday after demanding in a belligerent social media post that Iran "Open the Fuckin' Strait" — had caused panic in the U.S. and around the world.Trump escalated matters dramatically on Tuesday morning, writing in another post, "A whole civilization will die tonight, never to be brought back again."Sharif on Tuesday afternoon had asked Trump for a two-week extension of his deadline for Iran. He also asked Iran's leadership to agree to open up the strait for two weeks "as a goodwill gesture."watch now"We also urge all warring parties to observe a ceasefire everywhere for two weeks to allow diplomacy to achieve conclusive termination of war, in the interest of long-term peace and stability in the region," Sharif wrote in an X post.Both the U.S. and Iran framed the development as a win.Trump, in his post announcing the two-week delay, claimed the U.S. had agreed to halt its planned attacks because "we have already met and exceeded all Military objectives, and are very far along with a definitive Agreement concerning Longterm PEACE with Iran, and PEACE in the Middle ...
Trump announces two-week conditional ceasefire with Iran after ... - MSN
U.S. President Donald Trump said he has agreed to pause planned military strikes on Iran for two weeks, conditional upon the full and immediate reopening of the Strait of Hormuz. The announcement ...
Iran live updates: US, Iran agree to 2-week ceasefire tied to strait ...
President Donald Trump says he has agreed to suspend a planned bombing attack on Iran for two weeks if Iran agrees to reopen the Strait of Hormuz.
