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What is the story about?
US President Donald Trump on Wednesday, April 8 Indian Time, has announced that he has agreed to suspend the bombing and attack of Iran for a period of two weeks. He made the announcement on Truth Social, just minutes after the US market futures began trading on Wall Street.
In response to Trump's announcements, the Dow futures have surged as much as 700 points, while the S&P 500 and Nasdaq futures gained 1.5% to 1.7% each respectively. Futures had already began to surge before Trump made the announcement and have only extended their gains since.
However, Trump agreeing to pause bombings in Iran is subject to one condition - the complete, immediate and safe opening of the Strait of Hormuz, he wrote on his social media account. An official statement from Iran is awaited.
This is breaking news and will be updated with more.
In response to Trump's announcements, the Dow futures have surged as much as 700 points, while the S&P 500 and Nasdaq futures gained 1.5% to 1.7% each respectively. Futures had already began to surge before Trump made the announcement and have only extended their gains since.
However, Trump agreeing to pause bombings in Iran is subject to one condition - the complete, immediate and safe opening of the Strait of Hormuz, he wrote on his social media account. An official statement from Iran is awaited.
This is breaking news and will be updated with more.
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