Key insights
- Israel supports the US's two-week pause on strikes against Iran, conditional on Tehran halting attacks and opening straits. Negotiations are set to begin. This de-escalation reduces immediate geopolitical risk, offering slight relief to markets concerned about potential oil supply disruptions and broader regional instability.

April 8 (Reuters) - Israel supports U.S. President Donald Trump’s decision to suspend strikes against Iran for two weeks, but said the ceasefire does not include Lebanon, Prime Minister Benjamin Netanyahu’s office said on Wednesday.
The office said Israel backed the U.S. move provided Tehran immediately opens the straits and stops attacks against the United States, Israel and countries in the region.
The remarks came after Washington announced a two-week suspension of strikes against Iran as part of efforts to de-escalate the conflict and open a window for negotiations.
Israel also said it supports U.S. efforts to ensure Iran no longer poses a nuclear, missile or "terror" threat to U.S., Israel and Iran’s Arab neighbours, adding that Washington had told Israel it was committed to achieving their shared goals in upcoming negotiations.
Iran said on Wednesday negotiations with the U.S. would begin on Friday, April 10 in Islamabad.