Fragile U.S.-Iran Ceasefire Brings Market Relief Amid Uncertain Peace Prospects
A temporary ceasefire between the U.S. and Iran has sparked a relief rally in global markets, although experts caution that lasting peace remains elusive. The truce, brokered with the help of Pakistan, came just before President Trump's deadline for military action. While oil prices have decreased, they remain above pre-conflict levels. The ceasefire requires the reopening of the Strait of Hormuz, but Iran's conditions for compliance introduce uncertainties. The agreement is seen as a pause rather than a resolution, with significant trust deficits on both sides. 
