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President Trump says he believes Iran and Israel are calming down and that both sides have effectively agreed to stop shooting as diplomatic efforts continue.
The comments come after a day of intense exchanges between Iran and Israel, followed by signals from both sides that they are willing to pause further attacks. Trump has repeatedly called for an immediate ceasefire and said final peace negotiations are moving forward.
While the rhetoric is encouraging, no comprehensive and formally signed ceasefire agreement has been publicly announced by both governments. The situation remains fragile, and officials on all sides have warned that military action could resume if new attacks occur.
For markets, however, any sign of de-escalation is likely to be viewed positively after weeks of geopolitical uncertainty, rising oil prices, and concerns about regional stability. 👀