In this article .SPX .IXIC .DJI @LCO.1 Follow your favorite stocks CREATE FREE ACCOUNT WASHINGTON DC, UNITED STATES - APRIL 6: The United States President Donald Trump holds a Press Conference in the James S. Brady Press Briefing Room at the White House on April 6, 2026, in Washington DC, United States. Celal Gunes | Anadolu | Getty Images Hello, this is Dylan Butts writing to you from Singapore. ...
In this article .SPX .IXIC .DJI @LCO.1 Follow your favorite stocks CREATE FREE ACCOUNT WASHINGTON DC, UNITED STATES - APRIL 6: The United States President Donald Trump holds a Press Conference in the James S. Brady Press Briefing Room at the White House on April 6, 2026, in Washington DC, United States. Celal Gunes | Anadolu | Getty Images Hello, this is Dylan Butts writing to you from Singapore. Welcome to another edition of CNBC's Daily Open. Markets rallied after U.S. President Donald Trump announced an 11th-hour cease-fire on Tuesday evening, averting the passing of a deadline for Iran to reopen the Strait of Hormuz or face strikes on its civilian infrastructure. The off-ramp came after Trump had escalated his threats, warning that "a whole civilization" would "die" and Iran would be back to the "Stone Ages," if his demands were not met. An Iranian official has since confirmed Tehran would abide by the ceasefire and allow safe passage through the Strait of Hormuz, a key artery for global oil flows. What you need to know today U.S. stock futures surged and oil prices fell after Trump said he would suspend attacks on Iran for two weeks, just before his 8 p.m. ET deadline tied to reopening the Strait of Hormuz. "I agree to suspend the bombing and attack of Iran for a period of two weeks," Trump posted on Truth Social. "We received a 10 point proposal from Iran, and believe it is a workable basis on which to negotiate." Trump also noted that the "double sided" ceasefire was contingent on Iran agreeing to an opening of the Strait of Hormuz. A statement from Iran's Minister of Foreign Affairs, on behalf of the Supreme National Security Council, said Tehran would stop its defensive operations if attacks against it cease, and that it would allow safe passage through the Strait of Hormuz subject to coordination with its Armed Forces and with "due consideration of technical limitations." The development comes after Trump had stepped up warnings that Iran would face massiv...
Bloomberg MLIV strategist Mark Cranfield discusses the relief rally in markets after the US-Iran ceasefire agreement and why there's still a "high" risk of a reversal. (Source: Bloomberg)
Bloomberg MLIV strategist Mark Cranfield discusses the relief rally in markets after the US-Iran ceasefire agreement and why there's still a "high" risk of a reversal. (Source: Bloomberg)