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Benzinga
Benzinga
Business
Kaustubh Bagalkote

Trump Declares Israel–Iran Ceasefire 'Now In Effect' As China Warns Of 'Spiraling Escalation' At UN

Conceptual,Image,Of,War,Between,Israel,And,Iran,Using,Chess

President Donald Trump posted on Truth Social on Tuesday, writing, “The ceasefire is now in effect. Please do not violate it!” The complete capitalized message at 1:08 AM EST followed his Monday announcement of a “complete and total ceasefire” between Israel and Iran.

What Happened: U.S. futures rallied sharply after Monday’s initial ceasefire declaration. Dow futures jumped over 200 points to 43,136, up 0.55%, while S&P 500 futures gained 0.58% to 6,112.50 and Nasdaq futures climbed 0.88% to 22,256.

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