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Trump Says Israel, Iran Want Immediate Ceasefire, Blockade to Stay Until Final Deal
Summary
- Markets are watching progress in ceasefire talks and the duration of the blockade as factors that could affect international oil prices and sentiment toward risk assets.
- If a final agreement is delayed, Middle East uncertainty could persist for some time.
- Trump said Israel and Iran want an immediate ceasefire, but the blockade will remain in place until a final agreement is reached.
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President Donald Trump said Israel and Iran both want an immediate ceasefire, but stressed that blockade measures will remain in place until a final agreement is reached.
On June 8, Trump wrote on Truth Social that both sides want an immediate ceasefire.
He said final negotiations on peace are under way and could move quickly. Trump added that ignorance or foolishness could obstruct the talks.
The blockade will remain in place and retain its full effect until a final agreement is reached, he said.
The remarks came after Iran fired missiles at Israel, reigniting tensions in the Middle East. Trump had earlier urged both Israel and Iran to stop their attacks immediately.
Markets are watching progress in ceasefire talks and how long the blockade remains in place, as both could influence international oil prices and sentiment toward risk assets. If a final agreement is delayed, uncertainty tied to the Middle East could persist for some time.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
