Trump-Iran Ceasefire, Iran On Trump's Reversal, Markets React To Reopening Of Hormuz

President Trump and Iran have agreed to a two-week ceasefire just before Trump's self-imposed deadline to end the conflict, marking a dramatic reversal from his previous threats to 'end civilization' and bomb Iran's infrastructure. While the U.S. claims a military victory and Iran portrays the deal as a diplomatic win, the ceasefire is already fraying—Israel continues attacks in Lebanon, which it claims is outside the agreement, while Iran maintains control over the Strait of Hormuz and asserts its demands remain unmet. Global markets reacted sharply: oil prices initially spiked then fell, and major stock indices surged on relief, though analysts warn structural damage to Middle Eastern oil infrastructure will keep energy costs elevated. The U.S. and Iran are set to negotiate further in Islamabad, with key disagreements over uranium enrichment and regional control persisting. The episode underscores how Trump’s volatile rhetoric continues to drive global financial volatility, even as the immediate threat of war recedes.