Gilt Yields Steady Following Israel-Iran Cease-Fire Deal
Yields on U.K. government bonds were steady as sentiment improved following President Trump's announcement of an Israel-Iran cease-fire deal.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Axios
16 minutes ago
- Axios
Trump declares victory as Iran, Israel acknowledge shaky ceasefire
The Trump-brokered ceasefire between Iran and Israel has, for now, brought an abrupt and extraordinary end to one of the Middle East's most explosive confrontations in decades. Why it matters: The 12-day war sent shockwaves through a region already reeling from nearly two years of historic volatility and violence, beginning with Hamas' Oct. 7 terrorist attack on Israel. President Trump's military intervention to destroy Iranian nuclear sites brought the U.S. to the precipice of a major conflict that four of his predecessors had sought to avoid. But it also set the stage for a ceasefire that — if it holds — could usher in a fundamentally new era for the Middle East, its security and its dominant powers. State of play: Israel is accusing Iran of breaking the ceasefire. For several hours before the ceasefire came into effect — and for several minutes after — Iran fired missile barrages at Israel that killed civilians, threatening to upend Trump's deal. After Trump announced on social media at 6:02pm ET that Israel and Iran had agreed to a "Complete and Total CEASEFIRE." Iranian state TV eventually said the ceasefire was in effect. Around 2am ET, Israeli Prime Minister Benjamin Netanyahu confirmed Israel agreed to a ceasefire with Iran in coordination with Trump. Behind the scenes: Trump's efforts to end the war began in earnest on Saturday, shortly after U.S. B-2 bombers launched 14 massive bunker-buster bombs that almost completely destroyed Iran's three main nuclear facilities. The president instructed envoy Steve Witkoff to communicate to the Iranians his desire to negotiate a deal to end the war, according to a White House official. Iran initially refused to engage and said diplomacy would be possible only after it exacted revenge by striking U.S. targets, a source with direct knowledge said. But prior to launching Monday's missile attack on the Al-Udeid Air Base in Qatar, Iran sent messages to the U.S. — via Qatar — conveying when and what targets they intended to strike, a White House official said. Immediately after the strike, which left no casualties, the Iranians sent another back-channel message notifying the White House that they would not conduct any further attacks on U.S. targets. The White House responded — again via the Qataris — saying the U.S. would not retaliate to the Iranian attack and reiterating its readiness to resume negotiations. On Monday evening, when it became clear the Iranian strike on Al-Udeid was over, Trump called Israeli Prime Minister Benjamin Netanyahu and told him he wanted the war to end, the White House official said. Netanyahu agreed to the ceasefire and said Israel would not conduct any more strikes as long as Iran stopped launching missiles, the White House official said. Trump spoke with the emir of Qatar and Vice President Vance spoke with the Qatari prime minister, who then relayed the message to Iran and finalized the terms of the ceasefire — including the time it would begin. When it was all agreed, Trump announced the ceasefire in a post on Truth Social with his signature bombast. "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 Monday evening. "This is a War that could have gone on for years, and destroyed the entire Middle East, but it didn't, and never will! God bless Israel, God bless Iran, God bless the Middle East, God bless the United States of America, and GOD BLESS THE WORLD!" The big picture: The surprise war Israel launched against Iran on June 13 dealt a final blow to the so-called "Axis of Resistance," a network of Iranian-backed groups that have long targeted U.S. and Israeli interests throughout the region. As a direct and indirect result of Israeli action, Hamas' military capabilities were decimated, Hezbollah was significantly degraded, the Assad regime in Syria collapsed, and pro-Iranian militias in Iraq were effectively deterred. Iran's Supreme Leader, Ayatollah Ali Khamenei — still believed to be hiding in a bunker — now faces the loss of his top military leadership, the near-total destruction of his nuclear program, the deaths of key nuclear scientists, the elimination of half his ballistic missile force, and the near-collapse of his air defenses. Zoom in: The war ended with Iran at its weakest point since its devastating eight-year war with Iraq in the 1980s. Israeli and U.S. officials both claim that it will take Iran years to rebuild its military power, reestablish its proxy network and restore its deterrence. Iran's nuclear program, meanwhile, has likely been set back by years — and now faces the threat of further U.S. and Israeli military action if the regime seeks to rebuild it. Between the lines: A White House official argued that it was the U.S. strike on Iran's nuclear facilities that ultimately created the conditions for ending the war. "The Iranians understood Trump wasn't playing games and the Israelis were grateful that Trump did something they couldn't do on their own — and couldn't say no when he asked them to stop," the White House official said. The official said the Iranians wanted to end the war because "they couldn't take it anymore" — and that the U.S. is confident Iran's nuclear facilities and enriched uranium stockpile have been destroyed. "They don't have any ability to build a nuclear weapon now," the White House official claimed. The bottom line: Trump's achievement is especially significant because the U.S. appears to have avoided a prolonged war in the Middle East — a scenario he feared and his MAGA supporters loathed.
Washington Post
18 minutes ago
- Washington Post
Trump: Iran, Israel ‘don't know what the f--- they're doing'
Politics Trump: Iran, Israel 'don't know what the f--- they're doing' June 24, 2025 | 11:49 AM GMT The morning after a ceasefire agreement, President Donald Trump used an expletive in describing the fighting between Iran and Israel on June 24.
Politico
18 minutes ago
- Politico
An angry Trump decries Israel, Iran for breaking ceasefire
A visibly frustrated President Donald Trump condemned Israel and Iran Tuesday morning for violating a ceasefire that he had heralded one day earlier. 'We have two countries that have been fighting so long and so hard that they don't know what the fuck they're doing,' Trump told reporters on the White House lawn before departing to meet with NATO allies in the Netherlands. The president also suggested that the two countries might not have broken the ceasefire intentionally but quickly added that he planned to speak with Israeli leaders to persuade them to call off additional attacks. Moments after talking with reporters, Trump's irritation manifested in an all caps Truth Social post insisting Israel not strike Iran. 'ISRAEL. DO NOT DROP THOSE BOMBS. IF YOU DO IT IS A MAJOR VIOLATION. BRING YOUR PILOTS HOME, NOW!' Trump asserted in a corresponding post to his social media site that Israel was not going to attack Iran and that all planes would 'turn around and head home.' On Monday night, Trump told NBC News he expected the ceasefire to last 'forever.' But Iran reportedly launched further attacks on Israel early Tuesday and Israel Defense Force's chief of general staff said the country intends to respond with force. 'I don't like the fact that Israel went out this morning at all and I'm going to see if I can stop it,' Trump said before boarding Marine One.
