US President Donald Trump in a social media post declared the ceasefire agreement a "big day for World Peace" and that the US "will be helping with the traffic buildup in the Strait of Hormuz." "There will be lots of positive action!" Trump predicted in his post. "Big money will be made. Iran can start the reconstruction process. We'll be loading up with supplies of all kinds, and just hangin' around' in order to make sure that everything goes well. I feel confident that it will." Trump's message on his Truth Social website signals Washington's concern about Iran maintaining its chokehold over the narrow mouth of the Persian Gulf, through which 20% of all oil and natural gas passes in peacetime.
The US and Iran have agreed to a two-week ceasefire after Tehran said it would reopen the Strait of Hormuz and allow ships to pass safely through the vital global shipping route
Crude oil prices retreated sharply on Wednesday crashing by 6 per cent to hit their lower circuit level in futures trade, tracking weak global benchmarks after the US and Iran announced a two-week ceasefire. On the Multi Commodity Exchange (MCX), crude oil futures for the April delivery slumped by Rs 640, or 6 per cent, to Rs 10,029 per barrel -- its lower circuit limit. Similarly, the May contract declined by Rs 565, or 6 per cent, to Rs 8,860 per barrel, also hitting its lower circuit limit amid aggressive selling as easing tensions reduced fears of supply disruptions. Globally, oil prices retreated after the ceasefire announcement between the US and Iran, which is expected to restore supply flows through the Strait of Hormuz - a key transit route for nearly one-fifth of global oil shipments. West Texas Intermediate (WTI) crude futures for May delivery tumbled by USD 17.11, or 15.15 per cent, to USD 95.84 per barrel, while Brent oil for June contract plunged by USD 14.52, or 13.2
Crude oil prices retreated sharply on Wednesday crashing by 6 per cent to hit their lower circuit level in futures trade, tracking weak global benchmarks after the US and Iran announced a two-week ceasefire. On the Multi Commodity Exchange (MCX), crude oil futures for the April delivery slumped by Rs 640, or 6 per cent, to Rs 10,029 per barrel -- its lower circuit limit. Similarly, the May contract declined by Rs 565, or 6 per cent, to Rs 8,860 per barrel, also hitting its lower circuit limit amid aggressive selling as easing tensions reduced fears of supply disruptions. Globally, oil prices retreated after the ceasefire announcement between the US and Iran, which is expected to restore supply flows through the Strait of Hormuz - a key transit route for nearly one-fifth of global oil shipments. West Texas Intermediate (WTI) crude futures for May delivery tumbled by USD 17.11, or 15.15 per cent, to USD 95.84 per barrel, while Brent oil for June contract plunged by USD 14.52, or 13.2
President Donald Trump over the course of a day went from threatening Iran with "annihilation" to proclaiming that the battered Islamic Republic's leadership had presented a "workable" plan that led him to agree to a 14-day ceasefire that he expects to pave the way to end the nearly six-week-old war. The dramatic shift in tenor came as intermediaries, led by Pakistan, worked feverishly to head off a further escalation of the conflict. Even China - Iran's biggest trading partner and the United States' most significant economic competitor - quietly pulled strings to find a pathway toward a ceasefire, according to two officials briefed on the matter who were not authorized to comment publicly and spoke on the condition of anonymity. "The reason for doing so is that we have already met and exceeded all Military objectives, and are very far along with a definitive Agreement concerning Longterm PEACE with Iran, and PEACE in the Middle East," Trump declared in a social media post announcing
President Donald Trump publicly has minimized the possibility of Iranian attacks on American soil in response to other intelligence assessments in recent months
President Donald Trump publicly has minimized the possibility of Iranian attacks on American soil in response to other intelligence assessments in recent months
The buying interest in the counter came on the back of the latest developments in the US-Iran ceasefire deal
The buying interest in the counter came on the back of the latest developments in the US-Iran ceasefire deal
Iran-backed Islamic Resistance in Iraq has suspended its operations in Iraq and across the region for two weeks
Iran-backed Islamic Resistance in Iraq has suspended its operations in Iraq and across the region for two weeks
Petronet LNG shares have rebounded 18.28 per cent from their 52-week low of ₹235.35 per share, which was touched on March 23, 2026, on the NSE
Cooling crude prices after a US-Iran ceasefire lifted sentiment, pulling down yields and supporting the rupee ahead of the Reserve Bank of India's policy decision
ONGC and Oil India shares fell up to 4% as Brent crude dropped below $100 following a US-Iran ceasefire and easing tensions in the Strait of Hormuz.
President Trump's short-term intimidation may have worked, but the fundamental divides with Iran are as sharp as they were in February
President Trump's short-term intimidation may have worked, but the fundamental divides with Iran are as sharp as they were in February
Prime Minister Benjamin Netanyahu said Israel backed the US ceasefire with Iran but that the deal doesn't cover fighting against Hezbollah in Lebanon. Netanyahu's office said in the statement Wednesday that Israel supported US President Donald Trump's decision to suspend strikes against Iran for two weeks subject to Iran immediately opening the Strait of Hormuz and stopping all attacks on the US Israel and countries in the region. His office said Israel also supports US efforts to ensure Iran no longer poses a nuclear or missile threat.
Prime Minister Benjamin Netanyahu said Israel backed the US ceasefire with Iran but that the deal doesn't cover fighting against Hezbollah in Lebanon. Netanyahu's office said in the statement Wednesday that Israel supported US President Donald Trump's decision to suspend strikes against Iran for two weeks subject to Iran immediately opening the Strait of Hormuz and stopping all attacks on the US Israel and countries in the region. His office said Israel also supports US efforts to ensure Iran no longer poses a nuclear or missile threat.
Bullion rose more than 3 per cent to its highest level since March 19
Bullion rose more than 3 per cent to its highest level since March 19