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Iran accuses US of violating parts of pact framework, notes ceasefire is 'unreasonable'

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Rep. Hakeem Jeffries, D-N.Y., speaks at an event marking the installation of a plaque commemorating Jan. 6 at the U.S. Capitol on Wednesday, March 25, 2026, in Washington. (AP Photo/Allison Robbert)

The S&P 500 leaped 2.5% after Trump announced a two-week ceasefire with Iran, less than 90 minutes before a deadline Trump had set for it to open the Strait of Hormuz and allow oil tankers to exit the Persian Gulf.

Key facts

Summary

A New York-based think tank is warning that the tentative ceasefire in the Iran war “hovers on the verge of collapse.” The Soufan Center said the Israeli strikes on Lebanon on Wednesday risked the deal falling apart. “Even if Lebanon was formally outside the deal, the scale of Israel’s strikes was likely to be viewed as escalatory, nonetheless,” it wrote in an analysis published Thursday. U.S. President Donald Trump issued an online statement Thursday insisting that his surge of warships and troops will remain around Iran “until such time as the REAL AGREEMENT reached is fully complied with.”

Read full article at Associated Press Technology →

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