Trump halts Iran strikes with last-minute ceasefire deal. President Donald Trump announced a two-week ceasefire just 90 minutes before the scheduled 8 pm Tuesday deadline for US military strikes against Iran. The agreement requires Iran to immediately and safely open the Strait of Hormuz. Markets responded sharply to the announcement, with the Dow Jones surging several hundred points higher as investors embraced the reduced geopolitical risk. WTI crude futures fell 15 percent to approximately 96 dollars per barrel, reflecting decreased tensions in the Middle East and lower expectations for supply disruptions. The sudden shift from military action to diplomatic negotiation demonstrates how geopolitical developments directly impact financial markets and commodity prices.
