Trump: Not happy with Israel

Trump: Not happy with Israel

In a significant development in the ongoing conflict between Israel and Iran, US President Donald Trump announced a ceasefire between the two nations on Monday evening, June 24, 2025. The ceasefire, brokered by Qatar, was announced hours after Iran launched a missile attack on a US military base in Qatar, with Israel responding with retaliatory strikes on Iran's capital, Tehran. The ceasefire has raised questions about its effectiveness and the terms of the agreement.

Trump stated that the ceasefire would begin approximately six hours after his announcement, which would be around 12 a.m. ET Tuesday, or 7 a.m. in Israel. However, Israel has yet to publicly comment on whether it has agreed to the ceasefire. Iran's state media reported that a ceasefire has been "imposed on the enemy" after the country's military response to "US aggression," but did not specify a time for its implementation.

The ceasefire announcement comes amidst ongoing missile exchanges between Israel and Iran. Early Tuesday morning, Iran launched missiles toward Israel, with one missile hitting a residential building in the city of Beer Sheva, killing at least three people. Israel also launched attacks on Tehran overnight, according to Iranian state media.

The conflict has led to significant disruptions in the Middle East airspace, causing flight cancellations, delays, and rerouting of flights. Several Middle Eastern nations closed their airspace temporarily, leading to cancellations and diversions by airlines. Qatar Airways and Dubai Airports resumed operations, but Air India ceased all operations to the Middle East region and other destinations due to the ongoing volatility.

The ceasefire announcement has had a notable impact on oil prices. Oil prices extended their slide during Tuesday trade in Asia, with US West Texas Intermediate crude falling by 2% to $67.13 per barrel and Brent crude down 1.8% to $67.17 a barrel. This follows a significant drop in oil prices on Monday after Iran's missile attack on US bases in Qatar.

The ceasefire's effectiveness and the terms of the agreement remain unclear, with both Israel and Iran continuing to exchange strikes. The conflict has raised concerns about regional stability and the potential for further escalation. As the situation unfolds, investors and financial professionals should closely monitor developments to assess the potential impact on global energy markets and geopolitical risks.

References:
[1] https://www.cnn.com/world/live-news/israel-iran-conflict-us-trump-06-24-25-intl-hnk