Markets React to Ceasefire

After an initial plunge down, markets have rallied as Iran's retaliatory strikes on the US's Al-Udeid military base in Qatar was revealed to be a de-escalatory response with advance notice to the US.

Daily Updates:

• Yesterday afternoon, Iran launched what its armed forces referred to as a “powerful and destructive missile strike on the United States’ Al-Udeid military base in Qatar”. 

• The Al-Udeid Air Base is home to 10,000 US service members – the largest military base the US has in the Middle East. 

• However, the attack from Iran has since been described as a more ‘symbolic’ and de-escalatory retaliation to the American airstrikes on three of its main nuclear facilities on Sunday, with the Iranian government giving advance warning to both Qatar and the US – “I want to thank Iran for giving us early notice, which made it possible for no lives to be lost, and nobody to be injured.”

• Only a few hours later, President Trump posted on his Truth Social Platform “It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE”, referring to the 12-day conflict as “‘THE 12 DAY WAR.’” – one that “could have gone on for years, and destroyed the entire Middle East, but it didn’t, and never will!”.