"Trump's announcement of a two-week ceasefire is contingent on the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz."
"The Dow shot several hundred points upward immediately after Trump's post, indicating a positive market reaction to the ceasefire announcement."
"WTI crude futures slid by 15 percent to about 96 dollars a barrel, reflecting the market's response to the potential easing of tensions with Iran."
President Trump declared a two-week ceasefire regarding potential US strikes in Iran, contingent upon Iran's agreement to fully and safely open the Strait of Hormuz. This announcement came just 90 minutes before a deadline for military action. Following the announcement, the Dow Jones Industrial Average experienced a significant increase, rising several hundred points, while WTI crude oil futures dropped by 15 percent, settling around 96 dollars per barrel.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]