Trump says Iran-Israel ceasefire in effect after Iranian missile barrage
US President Donald Trump on Tuesday morning announced that a ceasefire between Iran and Israel had come into effect. 'The ceasefire is now in effect. Please do not violate it,' he wrote on his Truth Social account. The announcement came after Iran fired six barrages of missiles into Israel, killing at least four people in Be'er Sherva. There was no announcement by Israel and Iran.
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Arabian Post
16 minutes ago
- Arabian Post
Escalation Follows Trump‑Brokered Ceasefire Declaration
Arabian Post Staff -Dubai Israeli defence minister Israel Katz declared late on 24 June that he had ordered the Israel Defence Forces to resume 'high‑intensity operations' against regime targets in central Tehran. The announcement followed allegations that Iran had launched missiles into Israeli territory, in what Tel Aviv described as a blatant breach of a United States‑mediated ceasefire unveiled just hours earlier by President Donald Trump. Trump had proclaimed a 'complete and total ceasefire' on Truth Social, explaining that Iran would halt strikes first, followed by Israel, in a phased arrangement ending after 24 hours. Within three hours of that declaration, Israel alleged that Iran launched missiles toward its southern regions, prompting Katz's directive to strike key Iranian infrastructure. ADVERTISEMENT Contradicting Israel's account, Tehran's ISNA student news agency denied firing any missiles post‑ceasefire. Iranian foreign minister Abbas Araghchi had earlier stated that Tehran would cease retaliatory actions—conditional on Israel halting operations by 04:00 Tehran time, a condition that purportedly lapsed minutes before hostilities were to pause. President Trump, addressing the situation on social media, urged both nations to honour the agreement and warned against any violations, offering his oversight as guarantor of the pledge. His announcement followed the deployment of U.S. B‑2 bombers striking three Iranian nuclear sites, and a symbolic retaliatory missile strike from Iran against a U.S. base in Qatar—strikes reportedly calibrated to minimise escalation. Despite conflicting claims, available evidence indicates a spike in missile exchanges. According to Reuters, Israel's southern city of Beersheba was hit, resulting in at least four fatalities, while various townships experienced temporary power outages after sirens sounded across the region as Iranian missiles streaked overhead. Tehran mourned significant civilian losses, with over 10 Israelis killed and more than 250 injured during Iran's earlier onslaught, which included bombardments on central and southern Israeli regions. Meanwhile, Israel took credit for eliminating senior Iranian military personnel and striking strategic nuclear and missile infrastructure; Benjamin Netanyahu celebrated Israel's success in degrading what he described as a dual existential threat posed by Iran's capabilities. Regionally, Qatar responded strongly, summoning Iran's ambassador and condemning the attack on U.S. forces at Al Udeid Air Base as a violation of its sovereignty and international law. Saudi Arabia expressed hope that all parties would uphold the ceasefire and de‑escalate. International markets reacted positively to the ceasefire's initial announcement. Oil prices dropped, and equities rallied on optimism that the conflict in the Strait of Hormuz might ease—although the renewed strikes quickly revived fears of a wider conflagration. Experts scrutinise the long‑term viability of the truce. Some analysts suggest installation damage to Iran's nuclear programme may be reversible, with Iran's leadership determined to rebuild. Others view the U.S. use of bunker‑buster bombs and Israel's strategic targeting of Iranian deterrents as potential deterrents that may delay a rapid resurgence. On the political front, Trump is leveraging the declared ceasefire as a foreign‑policy milestone ahead of an imminent NATO summit. Netanyahu affirmed Israel would respond forcefully to any violations. Tehran warned that its military exercise would persist unless the bombing ended, contending that it acted to 'punish Israel for its aggression until the very last minute'. As global attention turns to negotiations, Qatar's mediation role and U.S. involvement loom large. The deal remains tentative, with both Israel and Iran accusing each other of breaking terms, and uncertainty surrounding whether Trump's phased ceasefire timeline will endure.
Dubai Eye
19 minutes ago
- Dubai Eye
Shares rally, oil slumps as Trump announces Iran-Israel ceasefire
Global shares rallied and the dollar extended declines on Tuesday after US 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". There was no immediate comment yet from Israel. While an Iranian official earlier confirmed that Tehran had agreed to a ceasefire, the country's foreign minister said there would be no cessation of hostilities unless Israel stopped its attacks. Oil prices fell over 3 per cent, having already slid 9 per cent on Monday when Iran made a token retaliation against a US base, which came to nothing and signalled it was done for now. With the immediate threat to the vital Strait of Hormuz shipping lane seemingly over, US crude futures fell another 3.4 per cent to $66.15 per barrel, the lowest since June 11. "With markets now viewing the escalation risk as over, market attention is likely to shift towards the looming tariff deadline in two weeks time," said Prashant Newnaha, senior Asia-Pacific rates strategist at TD Securities. "Our sense is that the quicker than expected resolution to the Middle East conflict leads to expectations for a swifter resolution on tariffs and trade deals." Risk assets rallied, with S&P 500 futures up 0.6 per cent and Nasdaq futures 0.9 per cent higher. EUROSTOXX 50 futures jumped 1.3 per cent and FTSE futures rose 0.4 per cent. The MSCI's broadest index of Asia-Pacific shares outside Japan jumped 1.8 per cent while Japan's Nikkei rallied at 1.4 per cent. Two sources told Reuters that Japan's tariff negotiator Ryosei Akazawa is arranging his seventh visit to the US for as early as June 26, aiming to end tariffs that are hurting Japan's economy. China's blue chips rose 1 per cent, while Hong Kong's Hang Seng index gained 1.7 per cent. News of the ceasefire saw the dollar extend an overnight retreat and slip 0.3 per cent to 145.70 yen, having come off a six-week high of 148 yen overnight. The euro rose 0.2 per cent to $1.1594 on Tuesday, having gained 0.5 per cent overnight. The yen and euro benefited from the slide in oil prices as both the EU and Japan rely heavily on imports of oil and liquefied natural gas, while the US is a net exporter. "The market was so well hedged against a major tail-risk event to play out…the actions and the dialogue we've seen highlight that the tail risks have not and will highly unlikely materialise," said Chris Weston, head of Research at Pepperstone. Ten-year Treasury yields were 2 basis points higher at 4.35 per cent, having declined 5 bps overnight after Federal Reserve Vice Chair for Supervision Michelle Bowman said the time to cut interest rates was getting nearer as risks to the job market may be on the rise. Fed Chair Jerome Powell will have his own chance to comment when appearing before Congress later on Tuesday and, so far, has been more cautious about a near-term easing. Markets still only imply around a 22 per cent chance the Fed will cut at its next meeting on July 30.
Dubai Eye
19 minutes ago
- Dubai Eye
Netanyahu says Israel has agreed to Trump's proposal for ceasefire with Iran
Israel has agreed to US 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".
