U.S. President Donald Trump announced Monday that a "complete and total" ceasefire between Israel and Iran would come into effect to end what he dubbed “THE 12 DAY WAR.”
“On the assumption that everything works as it should, which it will, I would like to congratulate both Countries, Israel and Iran, on having the Stamina, Courage, and Intelligence to end, what should be called, 'THE 12 DAY WAR',” Trump posted on Truth Social.
The announcement came after the U.S. trading session closed. U.S. crude futures fell, while S&P 500 e-mini futures rose once trading resumed.
The ceasefire was due to begin at 0400 GMT (midnight U.S. Eastern), but Iran’s Foreign Minister clearly said that Tehran only recognised a cessation in hostilities at 4:00am Iran Standard Time (IRST) (0030 GMT / 8:30pm U.S. Eastern).
In the hours leading up to 4am IRST Israel attacked with force, targeting regime facilities deep inside Iran, including heavy strikes in Tehran. Reports suggested “dozens of bunker-buster bombs” were fired at the Chitgar area, and that a high-ranking official may have been targeted.
At 4:00am IRST, Israeli strikes appeared to halt, and a brief quiet held. Indeed, the Iranian Foreign Minister appeared to confirm Iranian hostilities has ceased. That lull lasted just over an hour — Iran then launched missiles at southern, central, and northern Israel. By its own timeline, Iran had broken the ceasefire.
Perhaps the original 0400 GMT ceasefire may still hold. But it’s the Middle East — don’t bank on it.
As of writing, the U.S. dollar has held on to its earlier losses despite the renewed hostilities. Oil prices, too, remain lower.
Other headlines were sparse:
Japan’s Economy Minister Akazawa is reportedly heading to the U.S. as early as June 26 for a seventh round of tariff talks — the first ministerial-level negotiations since the Japan-U.S. summit in Canada on June 16.The PBOC set its USD/CNY mid-point at the strongest level (for CNY, i.e. lowest for USD/CNY) since November 8, 2024USD index (DXY), hourly:
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( ForexLive Asia-Pacific FX news wrap: Trump announces an Iran-Israel ceasefire )
Also on site :
- ‘This is about more than burgers and fries’: Boycott of McDonald’s to begin this week
- Trump announces Iran and Israel have agreed to a “Complete and Total CEASEFIRE"
- Royals Option Kyle Wright