Trump announced a ceasefire between Iran and Israel: why won’t this truce stop the war in the Middle East?

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Stock indexes rose and oil prices fell after Iranian Foreign Minister Abbas Araqchi said there was no formal agreement but that Iran would cease fire if Israel did. As the ultimatum expired, an Iranian missile attack on June 24 killed three people in southern Israel.

US Vice President J.D. Vance, who was in the Fox News studio during Trump’s announcement, said the US raid achieved its objectives and Iran’s stockpile of enriched uranium was likely destroyed in the strikes. “We know that Iran will no longer be able to develop a nuclear weapon,” he added.

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