
The United States and Iran agreed to a two-week ceasefire on Tuesday night, just 90 minutes before a deadline President Donald Trump had set to launch massive strikes against Iranian civilian infrastructure. The deal, brokered by Pakistan, pauses a six-week conflict that has killed thousands and triggered a global energy crisis.

The São Paulo stock exchange reversed its losses in the final minutes of trading and closed Tuesday with a slight gain of 0.05%, lifted by President Donald Trump's statement that he is in heated negotiations with Iran just hours before his ultimatum for the reopening of the Strait of Hormuz expired.

US President Donald Trump said Tuesday he is in heated negotiations with Iran just hours before his ultimatum for Tehran to reopen the Strait of Hormuz or face massive attacks on its civilian infrastructure expires.

The United States and Israel struck Iran's Kharg Island, the country's main oil export terminal, on Tuesday, hours before President Donald Trump's ultimatum for Tehran to reopen the Strait of Hormuz or face massive attacks on its power plants and bridges expires.

US President Donald Trump threatened Sunday to bomb Iran's power plants and bridges if Tehran fails to reopen the Strait of Hormuz to international shipping by Tuesday at 8:00 PM Eastern Time.

Iran shot down a US F-15E Strike Eagle fighter jet over its territory on Friday, marking the first confirmed downing of a crewed American aircraft since the war began five weeks ago. A second plane, an A-10 Warthog attack aircraft, was also struck by Iranian fire and crashed after managing to exit Iranian airspace.

By Gwynne Dyer - The Iranians know they have won, but President Trump doesn’t get it yet. He’s still at the stage of counting up the US and Israeli air-strikes and assuming that those numbers mean a US victory is possible. But five gets you ten that the Iranians are already thinking about nuclear weapons. Not their own, which don’t exist. America’s.

”If the (Iran) conflict is contained soon, the hit to confidence may be temporary, but a prolonged crisis could prompt more precautionary saving and further discretionary spending cuts,” warned Moody’s in a report on the current war in the Middle East, and the impact for US households.

President Donald Trump said Tuesday from the Oval Office that U.S. forces will withdraw from Iran in two or three weeks, asserting that the military campaign has achieved its core objectives.

Brent crude, the European benchmark, closed Monday at $112.78 per barrel and continued climbing in the futures market past $114, its highest level since July 2022. Oil has surged roughly 55% in March, the largest monthly gain since the contract's inception in 1988.