Stock markets in the US surged higher despite ongoing questions about the strength of the ceasefire deal, following sharp rises in Europe and Asia.
The S&P 500 index of the largest firms listed in the US ended the day up 2.5%, while the Dow and Nasdaq closed 2.8% higher.
In London, the FTSE 100 share index closed up 2.5%. In France, the CAC 40 ended the day 4.5% higher while Germany’s Dax had climbed 4.7%.
Japan’s Nikkei 225 closed up nearly 5.4% while South Korea’s Kospi jumped more than 6.8%. Hong Kong’s Hang Seng ended 3% higher, while the ASX 200 in Australia gained 2.5%.
In a social media post on Tuesday evening, Trump said: “I agree to suspend the bombing and attack of Iran for a period of two weeks… subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz”.
He had set a deadline for 20:00 EDT on Tuesday (00:00 GMT on Wednesday), threatening that “a whole civilisation will die tonight” if no deal was reached.
Iranian Foreign Minister Abbas Araghchi said on social media that Tehran will agree to a ceasefire “if attacks against Iran are halted”, adding that safe passage through the Strait of Hormuz “will be possible”.
