Trump Secures Ceasefire Deal Amid Escalating Israel-Iran Tensions

In a significant diplomatic move, U.S. President Donald Trump declared a ceasefire between Israel and Iran on Monday, potentially concluding a tumultuous 12-day conflict. Trump's announcement has not yet been confirmed by Israel, which reported continuing missile launches from Iran early Tuesday morning. The conflict, marked by Israeli attacks on Iran's nuclear facilities, has fueled global anxieties over a potential escalation.

The ceasefire initiative comes as Iran maintains its defensive stance, with conditions set for ending hostilities. Iranian official Abbas Araqchi stated that military responses would cease if Israel ended its aggressive actions by 4 a.m. Tehran time on Tuesday. Despite promising developments, tension remains, as evident from Israel's evacuation warnings in Tehran.

Meanwhile, global markets responded positively to the news of potential peace. The S&P 500 futures saw an uptick, and U.S. crude futures experienced a decline, reflecting optimism about reduced regional disruption risks. The situation remains volatile, as analysts and international stakeholders closely monitor the unfolding events in the Middle East.

(With inputs from agencies.)