Global financial markets moved sharply after Donald Trump signalled a potential pause in military action involving Iran, though uncertainty remains over whether a formal ceasefire has been agreed.
In a post on Truth Social early on 8 April, Trump said he would suspend planned strikes on Iran for two weeks, describing the move as a 'double sided CEASEFIRE' dependent on the reopening of the Strait of Hormuz. The waterway is a critical route for global oil shipments, carrying around 20 per cent of supply.
