Latest Corporate News
US, Israel, and Iran Agree to Two-Week Ceasefire
Iran, the United States, and Israel reached a two-week ceasefire deal, allowing President Trump to pull back from bombing threats. Details remain unclear, with differing visions on terms including Strait of Hormuz passage fees.
Attacks resumed in UAE, Kuwait, and Iran, casting doubt on the truce.
Markets Surge on Ceasefire News as Oil Plunges Below $100
Global stock futures jumped, with Euro Stoxx up 5% and Asian markets rallying, following the US-Iran ceasefire announcement. Oil prices plunged sharply, WTI and Brent dropping as Hormuz safe passage prospects eased supply fears.
Treasuries and French bond futures also surged amid relief rally.
Iran to Charge Fees for Strait of Hormuz Passage Under Ceasefire
Iran will formalize charging ships transiting the Strait of Hormuz, with Oman also allowed fees for reconstruction, per regional officials. Tehran flags 'possible' safe passage for two weeks under military management.
Uncertainty persists on safety and international agreement to terms.
Trump Backs Down on Iran Threats After 10-Point Plan Dispute
President Trump agreed to ceasefire after calling a Farsi version of Iran's 10-point plan fraudulent over uranium enrichment clauses. He suggested US warships will patrol Hormuz, a potential flashpoint.
VP Vance described the deal as a 'fragile truce'.
Ongoing Attacks Challenge Ceasefire as Missiles Hit Gulf States
UAE reported incoming Iranian missiles, Kuwait responded to drones, and Iran claimed refinery attack post-announcement. Sides disagree on pausing Lebanon fighting against Hezbollah, with Israel refusing.
Pakistan-mediated deal's start unclear amid firings.
Fate of Iran's Nuclear and Missile Programs Unresolved
Ceasefire leaves Iran's nuclear enrichment and missile capabilities unclear, key US-Israel war objectives. Iran demands US troop withdrawal, sanction lifts, and asset releases for lasting peace.
Negotiations may begin soon despite uncertainties.
Asian Stocks and Korean Tech Surge in Premarket on Relief
Tokyo and Seoul markets opened higher, Korean tech and autos leading gains amid ceasefire optimism. Dollar declined with oil, boosting regional sentiment.
JPMorgan's Tai Hui noted improved market outlook.
RBNZ Holds Rates Despite Fuel Price Pressures
Reserve Bank of New Zealand kept rates on hold amid surging fuel prices, now easing post-ceasefire. RBI also expected to hold steady.
Commodities outlook shifts with oil plunge.
Experts Weigh In on Ceasefire Implications
Quincy Institute's Trita Parsi and CSIS' Mona Yacoubian discussed US-Iran plan viability. AlphaSimplex's Katy Kaminski highlighted market rally potential.
Questions arise on China's possible mediation role.
European Markets Rally as Oil Plunges on Iran Truce
Iran ceasefire effect drove oil down and European stocks up sharply. French bond futures jumped most since mid-2023.
Construction workers in France block roads over prior soaring fuel prices.