2026-04-08
4 分钟The Economist.
Donald Trump announced a two-week ceasefire with Iran,
subject to the Islamic Republic agreeing to the, quote, immediate opening of the Strait of Hormuz.
The president has given Iran a deadline of 8pm Eastern Time to strike an agreement.
Mr. Trump, noting that Pakistan was mediating between the warring countries,
said he had received a, quote, workable 10-point peace proposal from Iran on which to negotiate.
Iran's National Security Council declared victory and claimed America had accepted key elements of its 10-point plan,
including security guarantees, sanctions relief and Iranian control over the Strait of Hormuz.
Iran's foreign minister said that transit through the strait would be allowed for two weeks
under the supervision of the country's armed forces.
Meanwhile, Israel and some Gulf states said they were intercepting Iranian missiles and drones.
Markets rallied following the ceasefire announcement.
Crude prices in America plunged, with West Texas intermediate futures falling by more than 10% to less
than $100 a barrel in early trading.
Equity index futures rose, while Treasury prices climbed, pushing yields lower.
The dollar weakened as investors rotated out of safe haven assets.
Intel announced it would join Elon Musk's TerraFab project.
The chipmaker will partner with Tesla, SpaceX and XAI to help Mr. Musk manufacture his own chips
for robotics and data centres in space.
Intel's shares rose by nearly 5% before falling following the announcement.