President Trump reached a last-minute ceasefire with Iran just before his deadline to bomb the country's bridges and power plants, with Iran agreeing to open the Strait of Hormuz for two weeks while negotiations continue over a 10-point peace proposal.
Iran and the U.S. are both claiming victory, but the terms are murky and Israel says the deal does not include Lebanon, even as Hezbollah says it is abiding by the ceasefire.
And global markets are surging on the news, but analysts warn the damage done to oil infrastructure will keep prices high for a long time to come.
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Today’s episode of Up First was edited by Rebekah Metzler, Gerry Holmes, Rafael Nam, Mohamad ElBardicy, and Alice Woelfle.
It was produced by Ziad Buchh and Ava Pukatch.
Our director is Kaity Kline.
We get engineering support from Neisha Heinis. Our technical director is Carleigh Strange.
And our Supervising Producer is Michael Lipkin.
(0:00) Introduction
(01:58) Trump-Iran Ceasefire
(05:41) Iran On Trump's Reversal
(09:51) Markets React To Reopening Of Hormuz
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