
Trump claims Israel and Iran have agreed to ceasefire
President Trump took to Truth Social on Monday just hours after Iranian missiles targeted a US base in Qatar claiming, 'a Complete and Total CEASEFIRE' between Israel and Iran, neither of which have commented about a pending ceasefire. CNN has reached out to the White House for additional information.

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Sec. McMahon defends Trump education cuts amid shouts from protesters
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Bloomberg
28 minutes ago
- Bloomberg
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President Donald Trump announced Israel and Iran had agreed to what he called a 'complete and total' ceasefire, easing fears that a conflict between the two adversaries might escalate. Trump, who made the surprise announcement on his Truth Social platform days after ordering airstrikes on Iran's nuclear facilities, said the accord would begin around midnight US time and is aimed at a lasting end to the fighting. Iranian Foreign Minister Abbas Araghchi said in a tweet afterward that while there is no ceasefire agreement, his country had no intention to keep responding to Israeli attacks after 4:00 a.m. Tehran time. We break down the headlines with Joe Mathieu, co-host of Bloomberg Radio and Television's Balance of Power. Oil slumped and stocks rallied after Trump announced the ceasefire, spurring optimism the worst of the Middle East conflict is over. Global benchmark Brent crude tumbled almost 5% in early Asian trading after the surprise comment. S&P 500 futures rose 0.5%, while key stock indexes advanced in Japan, Hong Kong and Australia. The news damped demand for haven assets with the dollar weakening against all its Group-of-10 peers and gold dropping. Bloomberg's Jill Disis speaks with our TV colleagues, Yvonne Man and David Ingles, in Hong Kong. Plus - we look at how all the day's news may play into the Federal Reserve's inflation outlook. We get market insights from Ross Mayfield, Investment Strategist at Baird.


Business Insider
28 minutes ago
- Business Insider
Stock Market News Review: SPY, QQQ Rise on ‘Weak' Iran Retaliation, July Rate Cut Odds Jump
Both the S&P 500 (SPX) and the Nasdaq 100 (NDX) closed higher following Iran's missile strike on a U.S. military base in Qatar. The attack was Iran's response to U.S. strikes on three of its nuclear sites over the weekend. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Despite Iran's retaliation, the market remained strong while oil prices dropped. That's because the attack resulted in zero casualties and didn't disrupt any oil infrastructure or supply chain locations. In addition, Qatar was able to intercept all of the missiles and was informed by Iran of the strikes before they actually occurred. As a result, it appears that Iran's retaliation was more symbolic than aggressive, signaling that the country is closer to taking a seat at the negotiation table. President Trump called the move 'a very weak response.' 'The base that was targeted in the attack by the powerful Iranian forces was far from urban facilities and residential areas in Qatar,' said Iran's Supreme National Security Council. However, oil prices still remain elevated compared to the start of the war on June 13. 'To The Department of Energy: DRILL, BABY, DRILL!!! And I mean NOW!!!' said Trump in a Truth Social post this morning, encouraging domestic oil production. Meanwhile, Americans have expressed their discomfort with the war by dropping President Trump's approval rating to 41%, a term-low and down from 47% in January. The poll, conducted by Reuters and research firm Ipsos, showed that 84% of respondents were concerned about the war while 79% were worried that Americans could be attacked following the U.S. missile attack on Iran. In interest rate news, a second Fed member has voiced support for a July rate cut, sending the odds of a 25 basis points reduction to 22.7% compared to 14.5% yesterday on CME's FedWatch tool. Fed Governor Michelle Bowman said that she would support lowering rates as soon as July if inflation remains low. Last week, Fed Governor Christopher Waller said that the central bank is in a good position to cut rates as early as July. The S&P 500 finished with a 0.96% gain while the Nasdaq 100 returned 1.06%.