
Iran confirms ceasefire with Israel after Trump announcement
24 June 2025 08:30
(The New York Times News)Iranian state television announced a ceasefire with Israel early Tuesday, hours after President Donald Trump said an agreement had been reached. Trump announced after more than a week of missile strikes between Israel and Iran, and two days after American bombers attacked Iranian nuclear facilities.
Trump indicated that the ceasefire would go into effect in stages Tuesday. The precise terms of the ceasefire, including when it would begin, were unclear. But Foreign Minister Abbas Aragchi of Iran suggested in a social media post at about 4:30 a.m. that it had already taken effect, saying the Iranian military fought until the "very last minute.'
Israel-Iran Conflict
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Arabian Post
12 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
16 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
16 minutes ago
- Dubai Eye
Israel says Iran violates ceasefire, orders strikes on Tehran
Israeli Defence Minister Israel Katz said on Tuesday he had ordered the military to strike Tehran after Iran fired missiles in violation of a ceasefire after 12 days of war. "In light of Iran's blatant violation of the ceasefire declared by the President of the United States - through the launch of missiles toward Israel — and in accordance with the Israeli government's policy to respond forcefully to any breach, I have instructed the IDF (Israel Defence Forces)... to continue high-intensity operations targeting regime assets and terror infrastructure in Tehran," he said. The Israeli military said it was working to shoot down Iranian missiles after detecting a launch. Israel had said on Tuesday a ceasefire was in effect after it had achieved all the goals of the campaign against Iran that it launched on June 13. Iran had confirmed that it would halt retaliation if Israel's bombing stopped. "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," Prime Minister Benjamin Netanyahu had said in a statement. "Israel thanks President Trump and the United States for their support in defense and their participation in eliminating the Iranian nuclear threat," he said. Iran's Foreign Minister Abbas Araqchi had said that Iran would halt its retaliatory strikes provided that Israel stopped attacking as of 4:00 a.m. in Tehran.