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News24 | Oil slumps, rand climbs as Trump announces Iran-Israel ceasefire

News24 Tuesday, 24 June 2025 ()
News24 | Oil slumps, rand climbs as Trump announces Iran-Israel ceasefireGlobal shares rallied and the dollar extended declines on Tuesday after US President Donald Trump said Iran and Israel had agreed to a ceasefire, sending oil prices into a deep dive as concerns over supply disruptions ebbed.
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News video: WATCH LIVE: Trump urges administration to boost oil drilling as Iran threatens global supply

WATCH LIVE: Trump urges administration to boost oil drilling as Iran threatens global supply

HAPPENING NOW: Trump departs for NATO, swipes Iran and Israel after violating ceasefire

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