Breaking: US President Donald Trump delays bombing for two weeks

US President Donald Trump revealed via a post in Truth Social that he's suspending the attacks by two weeks on Iran. His full post in his account in Truth Social said:

Based on conversations with Prime Minister Shehbaz Sharif and Field Marshal Asim Munir, of Pakistan, and wherein they requested that I hold off the destructive force being sent tonight to Iran, and subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz, I agree to suspend the bombing and attack of Iran for a period of two weeks. This will be a double sided CEASEFIRE! The reason for doing so is that we have already met and exceeded all Military objectives, and are very far along with a definitive Agreement concerning Longterm PEACE with Iran, and PEACE in the Middle East. We received a 10 point proposal from Iran, and believe it is a workable basis on which to negotiate. Almost all of the various points of past contention have been agreed to between the United States and Iran, but a two week period will allow the Agreement to be finalized and consummated. On behalf of the United States of America, as President, and also representing the Countries of the Middle East, it is an Honor to have this Longterm problem close to resolution. Thank you for your attention to this matter! President DONALD J. TRUMP

Trump Post in Truth Social

Market's reaction to Trump's post.

Risk appetite improved sharply, with US equities rising sharply, with the S&P 500 rising over 1.50%, the Nasdaq 100 up more than 1.70%, and Gold rallying over 1.50%, up at around $4,770.

WTI tanks more than 7.50% down from around $108 to $101 per barrel, while the US Dollar Index (DXY), extends its losses down by 0.47% at 99.51 at the time of writing.