Ceasefire Declared, But Tensions Fluctuate

President Trump announced a "complete and total" ceasefire between Israel and Iran on June 23–24, 2025, which initially spurred a broad rally in equities—S&P 500, European markets, ASX—and pushed Bitcoin near record highs. Oil prices dropped noticeably (Brent fallen below $70/barrel)

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However, violations were reported soon after, with both nations continuing missile strikes. Ceasefire stability remains “highly unpredictable,” and markets have responded with cautious relief rather than celebration