The specific timing of the pause — and Israel’s response to Trump’s announcement — remains uncertain, but tensions seemed to be settling. Iranian Foreign Minister Abbas Araghchi said in a post that his country, which has seen its defenses significantly degraded, had no intention to keep retaliating against Israeli attacks after the early morning hours.
While Israeli officials remained silent overnight, a senior White House official said Trump brokered the ceasefire in a direct conversation with Prime Minister Benjamin Netanyahu on Monday. Vice President JD Vance, Secretary of State Marco Rubio and special envoy Steve Witkoff held both direct and indirect talks with the Iranians about the proposal, the official said.
Israel agreed to the ceasefire as long as Iran did not launch further attacks, and the Iranian government signaled it would abide by those terms, according to the official.
Markets responded quickly, despite the uncertainty and lack of details. Global benchmark Brent crude fell almost 5% at the start of Asian trading. S&P 500 futures rose 0.5%, while stocks advanced across Asia. The dollar weakened and gold fell.
Source: www.bloomberg.com
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