Tehran said there would be no deal as long as Israel was striking Lebanon. Washington has also said Lebanon is not covered by the truce, but Iran and Pakistan, which acted as mediator, say it was explicitly part of the deal. PHYSICAL OIL PRICES SPIKEAfter six weeks of war, Trump has sought an off-ramp before the economic consequences derail his presidency. His announcement of a ceasefire has tamed a surge in benchmark oil prices, based on financial contracts to deliver oil a month in the future. But with a fifth of global supply still trapped, present-day prices of physical oil and fuels are still rising.

Source: Irish Independent April 09, 2026 11:59 UTC