Trump's truce prompts global relief rally

President Trump announced a two-week suspension of U.S. attacks on Iran after receiving a 10-point proposal, and Iran said it would halt defensive operations if attacks cease. Despite the ceasefire taking effect, several Gulf countries reported incoming missiles and drones and activated air defenses.

President Donald Trump posted that he would suspend U.S. bombing and attacks on Iran for two weeks, saying Iran provided a 10-point proposal that could be a basis for negotiation. Iran's foreign ministry, speaking for the Supreme National Security Council, said Tehran would stop defensive operations if attacks against it ceased and would permit safe passage through the Strait of Hormuz with coordination. The announcement was framed as a ceasefire and has been met with optimism in some markets and commentary. Hours after the truce began, multiple countries in the region reported incoming missiles and drones and activated air defenses. Reported details: - Trump announced a two-week suspension of attacks in a post on Truth Social and cited a 10-point proposal from Iran. - Iran's foreign ministry said it would halt defensive operations if attacks stopped and would allow transit through the Strait of Hormuz subject to coordination and technical limits. - Within hours, Gulf countries reported incoming missiles and drones that triggered air defenses across the region. - The Israeli military reported identifying ballistic missile attacks and issued early warnings in central and northern areas. - The United Arab Emirates said its air defenses were intercepting missiles and drones and urged the public to remain in safe places. - Israel's prime minister stated the two-week truce would not apply to Lebanon, while Lebanon's economy minister called the ceasefire welcome and said he hoped Lebanon would be included. Summary: The announcement has reduced immediate regional and market anxieties, but reports of further strikes and the stated exclusion of Lebanon from the truce leave the situation uncertain. The pause is set for two weeks; how it will be implemented and whether hostilities will fully stop is undetermined at this time.