Trump-Iran Ceasefire, Iran On Trump's Reversal, Markets React To Reopening Of Hormuz
President Trump reached a last-minute ceasefire with Iran just before his deadline to bomb the country's bridges and power plants, with Iran agreeing to open the Strait of Hormuz for two weeks while negotiations continue over a 10-point peace proposal.
Iran and the U.S. are both claiming victory, but the terms are murky and Israel says the deal does not include Lebanon, even as Hezbollah says it is abiding by the ceasefire.
And global markets are surging on the news, but analysts warn the damage done to oil infrastructure will keep prices high for a long time to come.
Want more analysis of…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.