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April 7, 2026

Trump Claims 'Total Victory' After Two-Week Ceasefire with Iran

  • President Trump announced a conditional two-week ceasefire with Iran, leading to a nearly 15% drop in oil prices as markets reacted positively.
  • Iran's foreign minister confirmed the reopening of the Strait of Hormuz under military management during the ceasefire, with peace negotiations set to begin in Islamabad.
  • While the ceasefire has temporarily halted militia operations, uncertainty remains about the long-term management of the strait and the potential for renewed conflict.

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