Iran08 April, 20261 min read
Two-Week US-Iran Ceasefire Stabilizes Strait, Oil Markets
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The Strait of Hormuz remains a central shipping security flashpoint attracting Western attention. Oil and gas prices rose, pressuring European energy markets amid the wider conflict.
Ceasefire Ends Fighting
The United States and Iran agreed on a two-week ceasefire. The ceasefire came two weeks after the US-Israeli bombing campaign began.
Iranian state media described it as ending hostilities in all operational areas. Trump tweeted that peace was finally getting after a two-week ceasefire.
Strait of Hormuz Reopens
The ceasefire deal included reopening the Strait of Hormuz. The DAX stock index surged nearly five percent in response.
European gas prices had risen to their highest level since 2023. Qatar had stopped production, compounding supply shortages.
Trump Criticizes NATO
Trump expressed frustration with NATO allies for not participating. He criticized German Chancellor Merz for saying this is not our war.
Several Western countries had ruled out direct military intervention. Trump said the time would be right to normalize relations between Saudi Arabia and Israel.