Investors react after Trump announced ceasefire between Iran and Israel
U.S. President Donald Trump said on Monday that a "complete and total" ceasefire between Israel and Iran will go into force with a view to ending the conflict between the two nations.
"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 wrote on his Truth Social site.
U.S. crude futures tumbled after Trump's announcement, which came after the close of trading on Wall Street. S&P 500 e-mini futures rose when trading resumed.
ROBERT PAVLIK, SENIOR PORTFOLIO MANAGER, DAKOTA WEALTH
"I think it's going to be huge. We could have an Iran with very limited nuclear capabilities. We can have a country that is still intact, but still the same regime, so we don't have to deal with regime change. We could have an attack on Israel certainly off the table, and we don't have any kind of threat of life to the United States troops. So the market should like that. I expect some more positive market reaction tomorrow as we go forward."
ART HOGAN, CHIEF MARKET STRATEGIST, B. RILEY WEALTH
"If, in fact, this holds, I would certainly say that's a market positive, and the futures are leaning in that direction."
"Talk is cheap around these types of things. But certainly, I think the market and the rest of the world would like to see this come to some sort of peaceful resolve and not escalate further than what we've seen already. And I think that this afternoon's market action was leaning in that direction, and hopefully this is the next step in that direction, such that we don't have to worry about the next level of escalation, which is never going to be pretty."
JACK ABLIN, CHIEF INVESTMENT OFFICER, CRESSET WEALTH ADVISORS, PALM BEACH, FLORIDA
"This lifts some of the geopolitical uncertainty surrounding the markets, although, for the most part, equity investors have been kind of shrugging the uncertainty off. I think it's certainly an incremental positive, but I don't think it's a catalyst for the next bull market."
"It certainly sounds like a significant milestone, and I hope it it's true."
"Part of the problem holding equities back has been higher oil prices and geopolitical risk, and a cease fire or end to the conflict would go a long way towards solving both those issues."
"This may be the match that sparks a continuation of the rally we saw today."
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Straits Times
an hour ago
- Straits Times
Netanyahu says Israel has agreed to Trump's proposal for ceasefire with Iran
FILE PHOTO: FILE PHOTO: U.S. President Donald Trump talks to Israeli Prime Minister Benjamin Netanyahu during a meeting where Trump announced nuclear talks with Iran, Washington, U.S., April 7, 2025. REUTERS/Kevin Mohatt/File Photo/File Photo Netanyahu says Israel has agreed to Trump's proposal for ceasefire with Iran JERUSALEM - Israel has agreed to U.S. President Donald Trump's proposal for a ceasefire with Iran after it achieved its goal of removing Tehran's nuclear and ballistic missile threat, Prime Minister Benjamin Netanyahu's office said in a statement on Tuesday. "Israel thanks President Trump and the United States for their support in defense and their participation in eliminating the Iranian nuclear threat," the statement said. "In light of the achievement of the operation's goals, and in full coordination with President Trump, Israel agreed to the President's proposal for a mutual ceasefire," the statement added. Trump said on Tuesday a ceasefire between Israel and Iran was now in place and asked both countries not to violate it, only hours after Iran launched waves of missiles, which Israel's ambulance service said killed at least four people. Netanyahu, who will deliver a statement later on Tuesday, also said Israel would respond forcefully to any violation of the ceasefire. Israel, joined by the United States on the weekend, has carried out attacks on Iran's nuclear facilities, after alleging Tehran was getting close to obtaining a nuclear weapon. Iran denies ever having a nuclear weapons programme, but Supreme Leader Ali Khamenei has said that if it wanted to, world leaders "wouldn't be able to stop us". REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
CNA
an hour ago
- CNA
Snap Insight: Iranian response in Qatar was specifically targeted at Washington – ‘We are done'
SINGAPORE: A dizzying morning of events in the Middle East on Tuesday (Jun 24) has raised hopes that all sides involved can now claim some measure of victory and begin climbing off the escalatory ladder. Iran went first, retaliating against American strikes on three of its nuclear facilities over the weekend with a volley of seven missiles towards the Al Udeid Air Base in Qatar, which houses United States troops. The first missiles were intercepted and destroyed over the sea as they entered Qatari airspace. Shortly after, a reported 12 Iranian missiles were fired in a second wave of attacks at the air base, according to Qatari officials. This time, 11 missiles were intercepted, while one hit the target. Iran duly claimed victory, with a spokesman for its armed forces stating that its attack was a warning to 'our enemies that the era of hit and run is over'. 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All but one of the Iranian missiles in the second volley of strikes were intercepted, and the one that did get through fell harmlessly. Satellite imagery also showed that planes and drones had been cleared off the Al Udeid base's tarmac before the strikes, another hint that they were pre-orchestrated. More eyebrow-raising is the fact that the aircraft and equipment from Al Udeid base were moved to Saudi Arabia – the only Gulf Arab country where air movement was business as usual. This hints that the Saudi leadership was sufficiently confident that the Kingdom would remain outside of the missile zone. Nevertheless, Tehran can now claim a political victory by having targeted the US' largest base in the region – one that is in a Gulf nation that it arguably has the closest ties with, and with which it shares the world's largest gas field. This provides cover for the fact that minimal damage was caused. The message from Tehran was clear: There is no appetite for a wider regional war. 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Tel Aviv, on accepting the ceasefire proposal, said it did so after "achieving the objectives" of removing Tehran's nuclear and ballistic missile threat. Israel had "inflicted severe damage on the military leadership, and destroyed dozens of central Iranian government targets", said Prime Minister Benjamin Netanyahu in a statement. Mr Netanyahu had said two days earlier on Jun 22 that Israel was 'very, very close' to realising its goals in the conflict. Continued strikes against other targets, including installations of state control such as the notorious Evin Prison which houses political detainees, surely allowed him to claim that all of his objectives were met. Just before the confirmation of the ceasefire deal, there were reports of both Iran and Israel exchanging fire. These can probably be put down to the proverbial 'last bursts of fire' that usually accompany ceasefire deadlines. There remain two major questions that will determine whether a lasting truce will hold. The first is whether there is sufficient pressure applied on Israel by the US to adhere to one. More importantly, it will depend on whether Washington and Tehran can come to a diplomatic agreement that ensures Iran's nuclear programme remains off the table. Reports of direct talks since last Sunday's US strikes between Mr Trump's Middle East envoy Steve Witkoff and Mr Araghchi may provide optimism, but Tehran will need further assurances, having been stung twice in quick succession – first, when Israeli strikes scuttled the sixth round of nuclear talks; and second, when US attacks on nuclear facilities took place after Mr Trump himself tabled a two-week negotiating window. Now that all sides can claim victory in public – but with Iran clearly having come off second-best – there is now perhaps more optimism that cooler heads will finally prevail.
Straits Times
an hour ago
- Straits Times
Big questions loom over Trump's announcement of Israel-Iran ceasefire deal
FILE PHOTO: 3D printed miniature of U.S. President Donald Trump's face and map of Iran are seen in this illustration taken June 23, 2025. REUTERS/Dado Ruvic/Illustration/File Photo WASHINGTON - When President Donald Trump sent U.S. bombers to strike Iran's nuclear sites last weekend, he was betting he could help ally Israel cripple Tehran's nuclear program while keeping his long-standing vow to avoid entanglement in a protracted war. Just days later, Trump's surprise announcement on Monday of an Israel-Iran ceasefire agreement suggests he may have bombed Tehran's rulers back to the negotiating table. But a long list of big unanswered questions remains, not least whether any ceasefire can actually take effect and hold between two bitter foes whose years-long 'shadow' conflict had erupted into an air war marked by the past 12 days of strikes on each other's territory. Also still unknown and unmentioned in Trump's effusive social media post announcing an imminent 'Complete and Total CEASEFIRE' are the terms the two sides have agreed to; whether the U.S. and Iran will revive failed nuclear talks; and the fate of Iran's stockpile of enriched uranium that many experts believe may have survived the U.S. and Israeli bombing campaign. "The Israelis have accomplished much of their objectives ... and Iran was looking for an off-ramp,' said Jonathan Panikoff, a former deputy U.S. national intelligence officer for the Middle East. "The U.S. hopes this is the beginning of the end. The challenge is whether there is a strategy for what comes next." Questions also remain about what has actually been agreed to, even as Trump's declaration raised hopes for the end of a conflict that has prompted fears of a broader regional war. There was no immediate confirmation from Israel of a ceasefire deal, and the Israeli military said it had detected missiles launched from Iran towards Israel in the early hours of Tuesday. Four people were killed in a missile strike on a building in Beersheba, Israel's ambulance service said. Soon after, Trump said the ceasefire between Israel and Iran was "now in effect" and urged both countries to not violate it. While an Iranian official earlier confirmed that Tehran had accepted a ceasefire, the country's foreign minister, Abbas Araqchi, said there would be no cessation of hostilities unless Israel stopped its attacks. But that did not stop Trump and his loyalists from touting what they see as a landmark achievement of a foreign policy approach they call "peace through strength." Trump had endorsed Israel's assessment that Iran was getting close to developing a nuclear weapon, which Tehran has long denied. U.S. intelligence agencies said earlier this year they assessed that Iran was not building a nuclear weapon and a source with access to U.S. intelligence reports told Reuters last week that that view hadn't changed. IRAN'S CALIBRATED RESPONSE Trump's announcement came just hours after Iran launched missiles against a U.S. air base in Qatar, causing no casualties, in retaliation for the U.S. dropping 30,000-pound bunker-buster bombs on Iranian underground nuclear facilities over the weekend. Trump administration officials deemed Iran's response on Monday to have been calibrated to avoid further escalation with the U.S., according to sources familiar with the matter. Trump called for talks with Israel and Iran, and a senior White House official said Israel agreed to a ceasefire so long as Iran did not launch fresh attacks. Iran signaled that no further strikes would take place, the official said on condition of anonymity. Trump spoke directly to Israeli Prime Minister Benjamin Netanyahu, and Vice President JD Vance, Secretary of State Marco Rubio and U.S. special envoy Steve Witkoff were involved in the direct and indirect communications with Iran, the official said. Qatar also helped broker contacts with the Iranians. Iran was also amenable to the ceasefire because it was in a severely 'weakened state,' the White House official said. The Iranians had faced days of Israeli bombardment of nuclear and military sites as well as targeted killings of top nuclear scientists and security commanders. Trump in recent days had also mused publicly about the prospects for 'regime change' in Iran. Earlier on Monday, three Israeli officials had said their government was looking to wrap up its campaign in Iran soon and had passed the message on to the U.S. but that much would depend on Tehran. 'Now that Trump declared 'world peace,' it will be hard for Netanyahu to publicly contradict him,' said Laura Blumenfeld, a Middle East expert at the Johns Hopkins School for Advanced International Studies in Washington. TRUMP'S BIG GAMBLE For his part, Trump's unprecedented decision to bomb Iran's nuclear sites marked a step that he had long pledged to avoid - to intervene militarily in a major foreign war. In the biggest and potentially riskiest foreign policy move of his presidency, Trump was betting not only that he could take out Iran's key nuclear site at Fordow but also draw only measured retaliation against the U.S. There have been fears that Tehran could respond by closing the Strait of Hormuz, the world's most important oil artery, attacking multiple U.S. military bases in the Middle East and activating proxies against U.S. and Israeli interests worldwide. If Trump is able to defuse the Israel-Iran conflict, he may be able to calm the storm of criticism from congressional Democrats and appease the anti-interventionist wing of his Republican MAGA base over bombings that ran counter to his own campaign pledges. It would also allow him to re-focus on policy priorities such as deporting undocumented migrants and waging a tariff war against trading partners. But Trump and his aides won't be able to ignore Iran and the lingering questions it poses. 'Can the ceasefire hold?' asked Dennis Ross, a former Middle East negotiator for Republican and Democratic administrations. 'Yes, the Iranians need it and the Israelis have largely now acted against the (Israeli Defence Force's) target list.' But obstacles remain. 'Iran is greatly weakened but what is the future of its nuclear and ballistic missile programs? What happens to its stockpile of highly enriched uranium? There will be a need for negotiations - and these won't be easy to resolve,' Ross said. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
