US-Iran War Live Updates: The emerging US-Iran peace agreement triggered one of the strongest market rallies of the year, with the Dow Jones closing at a record high. Follow along for the latest the war in West Asia.
Overnight, US President Donald Trump clarified that Iran has agreed to “never have a Nuclear Weapon” and dismissed reports that Washington would pay Tehran $300 billion under the deal, calling them “Fake News”.
However, Israel repeatedly remains miffed. Reuters reported that frustration is mounting in Israel, with a senior Israeli official describing the preliminary agreement as “terrible for Israel” and saying there is little support for it within the country’s leadership.
Financial markets cheered the prospect of a lasting peace. The Dow Jones Industrial Average surged as much as 500 points during Monday’s session and ended at a record closing high, while the S&P 500 rose 1.6% and the Nasdaq gained more than 3%, marking its best day in three months as investors welcomed signs of easing geopolitical tensions and the reopening of the Strait of Hormuz.
Follow CNBC-TV18’s live coverage for the latest developments on the US-Iran agreement, the Strait of Hormuz, global markets, diplomatic reactions and the remaining negotiations over Tehran’s nuclear programme.