Key insights
- Trump stated Iran requested a ceasefire, contingent on opening the Strait of Hormuz. This geopolitical tension introduces uncertainty, potentially impacting oil prices and risk sentiment in US equity markets. Escalation fears could pressure stocks, while de-escalation could provide a temporary boost. The situation warrants monitoring for its potential to disrupt global trade and energy markets.
President Donald Trump on Wednesday said Iran’s president has asked the U.S. for a ceasefire.
But the U.S. will “consider” the offer only once the Strait of Hormuz is “open, free, and clear,” Trump said on Truth Social.
“Until then, we are blasting Iran into oblivion or, as they say, back to the Stone Ages!!!” he wrote.
The announcement came hours before Trump was set to deliver an “important update on Iran” in an address to the nation, according to the White House.
The address is set for 9 p.m. ET
Trump says Iran's president asked for ceasefire, but U.S. wants Hormuz Strait open first https://www.cnbc.com/2026/04/01/trump-iran-war-ceasefire.html?\_\_source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard