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Trump Extends US-Iran Ceasefire as Asian Markets Rally

4/24/2026

28 2 Full Breakdown

Summary

Trump Extends Ceasefire

President Donald Trump indefinitely extended the two-week U.S.–Iran ceasefire on April 23.
Asian equity indices posted moves, with Japan’s Nikkei 225 up 1% to 59,716.18, Hong Kong’s Hang Seng up 0.2% to 25,976.65, and Shanghai Composite down 0.1% to 4,090.48.
Taiwan’s Taiex jumped 3.2% as TSMC shares rose 5.1%.
Brent settled at $105.07 for June and $99.35 for July.
U.S. Treasury yields rose to 3.8106% on two-year and 4.3214% on 10-year.

Summary

Trump Orders Shoot-Kill

President Donald Trump ordered the U.S. military to “shoot and kill” Iranian boats that were laying mines in the Strait of Hormuz.
The United States seized another tanker linked to Iranian oil smuggling, which raised the maritime standoff in the strait.
Iran’s Revolutionary Guards took control of two vessels in the Strait of Hormuz, further intensifying tensions.

Summary

Trump Extends Ceasefire

President Donald Trump extended the ceasefire after Marshal Asim Munir and Prime Minister Shehbaz Sharif asked the United States to postpone attacks on Iran.
Vice President JD Vance paused his trip to join the peace talks, signaling senior U.S. involvement.
Iranian negotiators refused the U.S. talks, calling them a waste of time.
United States kept its naval blockade while Iran’s navy seized two container ships in the Strait of Hormuz.

History

Historical Context

The Iran hostage crisis began on November 4, 1979, when 66 Americans were taken hostage at the U.S. Embassy in Tehran, with 52 held for 444 days. This event, rooted in the Iranian Revolution, led to severe U.S. economic sanctions and heightened anti-American sentiment. Today, tensions persist, as military actions and diplomatic challenges continue to shape U.S.–Iran relations.

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Trump Extends Ceasefire

President Donald Trump indefinitely extended the two-week U.S.–Iran ceasefire on April 23.
Asian equity indices posted moves, with Japan’s Nikkei 225 up 1% to 59,716.18, Hong Kong’s Hang Seng up 0.2% to 25,976.65, and Shanghai Composite down 0.1% to 4,090.48.
Taiwan’s Taiex jumped 3.2% as TSMC shares rose 5.1%.
Brent settled at $105.07 for June and $99.35 for July.
U.S. Treasury yields rose to 3.8106% on two-year and 4.3214% on 10-year.

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