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Trump Pauses Iran Strikes for 5 Days
Trump ordered the military to pause strikes on Iran's power plants for 5 days. He said the United States and Iran held productive talks to end the war.
Stock futures rose 2.3% in New York after the news. Treasury yields fell and oil prices dropped too.
Iran vowed to destroy Middle East water and energy sites if the United States attacks power plants. British Prime Minister Keir Starmer will chair an emergency meeting on Monday.
Chancellor Rachel Reeves and Bank of England Governor Andrew Bailey will attend. The meeting will look at the economic damage from the war in Iran.
Klear Note — A war between the US and Iran threatens global oil supplies and energy prices. Stock markets rise when war risks fall because investors feel safer.
Key Terms 4
- Treasury yields
- interest rates the US government pays to borrow money
- Chancellor
- Britain's top finance minister, in charge of the economy
- Bank of England Governor
- head of Britain's central bank, manages the country's money
- emergency meeting
- an urgent, unplanned meeting called to deal with a crisis