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Ceasefire LIVE Updates: Due to major changes in the ongoing US-Iran war in the Middle East, new possibilities are being created in the world trade for a few days. With this the clouds of the current oil crisis have cleared. US President Donald Trump has announced a ceasefire with Iran. He has said that America will not attack Iran for the next two weeks. Israel has also agreed to this. In fact, US President Donald Trump has announced to stop military action against Iran for the next two weeks.

Read :- West Asia Ceasefire: Iran’s Supreme Leader Mojtaba Khamenei’s first statement, said – the war is not over, the army should stop firing for now.

markets rose
Oil prices fell on Wednesday after the announcement of ceasefire between America and Iran. Alex Holmes of the Economist Intelligence Unit told Al Jazeera that after the announcement of the ceasefire, markets have gained momentum and oil prices have come down, but it cannot be completely trusted whether the declared ceasefire will last or not.

brent crude
On Wednesday, Brent crude fell sharply to $95.068 per barrel (earlier it was $109.77) after US President Donald Trump announced a halt in attacks on Iran for two weeks. After this announcement, US West Texas Intermediate (WTI) crude also fell by almost $20 per barrel.

Strait of Hormuz
This pause is tied to the immediate reopening of the Strait of Hormuz; It is a narrow waterway through which about one-fifth of the world’s oil and gas passes every day.

Markets reacted within minutes — oil prices fell, bond prices rose and U.S. stocks surged. Investors are seeing the ceasefire as a sign that oil supplies may resume normality after weeks of disruption.

Read:- Will the war stop in the Middle East? US President Donald Trump announced a two-week temporary ceasefire

Earlier, US President Donald Trump had given a strong warning to Iran. He had said that if Iran does not completely open the Strait of Hormuz by Tuesday, America can completely destroy its power plants and bridges within a few hours.