Trump Urges Israel-Iran to Halt Attacks
US President Donald Trump expressed optimism that Israel and Iran are seeking a ceasefire in a post on Truth Social during the European trading session on Monday (June 8). Trump emphasized that the US blockade of Iranian ports will remain in effect until a final agreement is reached with Tehran.
Iran, via Fars News, announced it had halted military operations against Israel, but warned of stronger attacks if Israel continued its actions in Lebanon. This statement came after Trump urged both sides to immediately cease hostilities.
Market Reaction:
• US Dollar (DXY): Under pressure, down around 0.14, following Iran's announcement of a halt to attacks.
• WTI Oil: Dropped sharply, returning to around $90 per barrel from an intraday level of $93.50, as ceasefire optimism reduced energy risks.
Source: Newsmaker.id