Trump Brokers Ceasefire: The 12-Day War Comes to an End

U.S. President Donald Trump announced a "complete and total" ceasefire between Israel and Iran. This move aims to bring an end to the ongoing 12-day conflict, as both sides had been on the brink of escalating their attacks. Trump expressed confidence that the ceasefire would proceed smoothly.

According to Trump's statement on his Truth Social site, the ceasefire reflects the "Stamina, Courage, and Intelligence" of both nations. However, no immediate comments were available from either Iran's U.N. mission or the Israeli embassy in Washington when approached for feedback.

Financial markets responded positively to the news. S&P 500 futures rose by 0.4% late Monday, anticipating gains for the U.S. stock market on Tuesday. Meanwhile, U.S. crude futures fell, easing concerns over possible supply disruptions in the region.

(With inputs from agencies.)