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Oil rises and Asian stocks fall amid worries over ‘fragile’ ceasefire deal in Middle East – business live

CN
CitrixNews Staff
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Oil rises and Asian stocks fall amid worries over ‘fragile’ ceasefire deal in Middle East – business live

Rolling coverage of the latest economic and financial news

Here’s Trump’s full post on his social media platform, Truth Social:

All U.S. Ships, Aircraft, and Military Personnel, with additional Ammunition, Weaponry, and anything else that is appropriate and necessary for the lethal prosecution and destruction of an already substantially degraded Enemy, will remain in place in, and around, Iran, until such time as the REAL AGREEMENT reached is fully complied with. If for any reason it is not, which is highly unlikely, then the “Shootin’ Starts,” bigger, and better, and stronger than anyone has ever seen before. It was agreed, a long time ago, and despite all of the fake rhetoric to the contrary - NO NUCLEAR WEAPONS and, the Strait of Hormuz WILL BE OPEN & SAFE. In the meantime our great Military is Loading Up and Resting, looking forward, actually, to its next Conquest. AMERICA IS BACK!

Those overnight losses follow several indications that the ceasefire isn’t holding quite as expected on Tuesday night. For instance, both the UAE and Kuwait said yesterday that their air defences had been intercepting drones from Iran. And on the Iranian side, their Parliament’s Speaker Ghalibaf said that three points of the ceasefire agreement had been violated.

Moreover, the IRGC warned of a “regret-inducing response” if Israel’s strikes against Lebanon didn’t stop immediately, whilst the Fars news agency said that the passage of oil tankers through the Strait of Hormuz was halted because of Israel’s continued strikes on Lebanon. So collectively, that’s raised concern about how durable this ceasefire will prove, particularly with it only being a two-week truce.”

He also criticised NATO in a separate post overnight, saying that they weren’t “there when we needed them”, and called on people to “remember Greenland, that big, poorly run, piece of ice!!!”. So that raised concerns about a repeat of mid-January, when Trump’s call for the US to take Greenland and the threat of European tariffs drove a risk-off move in global markets.

8.30am BST: Bank of England governor Andrew Bailey appears before the European parliament committee on economic and monetary affairs

9.30am BST: Bank of England credit conditions survey for Q1 2026

1.30pm BST: US gross domestic product, initial jobless claims, PCE inflation measure and wholesales inventories

3pm BST: IMF managing director Kristalina Georgieva expected to deliver a speech on the outlook for the global economy and outline key policy priorities for member countries

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Originally reported by The Guardian