US President Donald Trump says 'big day for world peace' as attacks paused

US President Donald Trump said on a Truth Social post that Tuesday was “a big day for world peace.” Trump added that the US will be “helping with the traffic buildup” in the Strait of Hormuz and that “big money will be made” as Iran begins reconstruction.

Trump further stated that the US would be just "hangin' around” in order to make sure everything goes well and that he was confident it would. He later added, "This could be the Golden Age of the Middle East."

The statement came after Iran accepted a two-week ceasefire after Trump said he would suspend attacks subject to Tehran agreeing to fully reopen the Strait of Hormuz. Negotiations between the US and Iran will be held in Islamabad, Pakistan, on Friday to finalize details.

Market reaction

Crude oil prices attract some sellers following this headline. At the time of writing, the West Texas Intermediate (WTI) is down 10.78% on the day at $90.27.