Shares Rally, Oil Prices Tumble as Trump Announces Iran-Israel Ceasefire
Global shares rallied and the dollar extended declines on Tuesday after U.S. President Donald Trump said Iran and Israel had agreed to a ceasefire, sending oil prices into a deep dive as concerns over supply disruptions ebbed.
Writing on his Truth Social site, Trump implied a ceasefire would go into effect in 12 hours, after which the war would be considered "ended".
A senior Iranian official confirmed Tehran had agreed to the ceasefire with Israel. Israel's Channel 12 reported Prime Minister Benjamin Netanyahu
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