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How Trump went from threatening Iran’s annihilation to agreeing to a two-week ceasefire with Tehran

WASHINGTON, April 8, 2026 (AP) — President Donald Trump over the course of a day went from threatening Iran with “annihilation” to proclaiming that the battered Islamic Republic’s leadership had presented a “workable” plan that led him to agree to a 14-day ceasefire that he expects to pave the way to end the nearly six-week-old war. The dramatic shift in tenor came as intermediaries, led by Pakistan, worked feverishly to head off a further escalation of the conflict. Even China — Iran’s biggest trading partner and the United States’ most significant economic competitor — quietly pulled strings to find a

Russia and China veto watered-down UN resolution aimed at reopening the Strait of Hormuz

UNITED NATIONS, April 8, 2026 (AP) — Russia and China on Tuesday vetoed a U.N. Security Council resolution aimed at reopening the Strait of Hormuz that had been repeatedly watered down in hopes those two countries would abstain. The vote — 11-2, with two abstentions from Pakistan and Colombia — took place shortly after U.S. President Donald Trump issued an unprecedented threat that a “whole civilization will die tonight” if Iran does not open the strategic waterway and make a deal. But late Tuesday, less than two hours before the deadline he set, Trump pulled back his threat. Trump said

Rupee surges 50 paise to 92.56 against USD in early trade after US, Iran agree to 2-week ceasefire

Mumbai, Apr 8 (PTI) The rupee appreciated 50 paise to 92.56 against the US dollar in early trade on Wednesday after US President Donald Trump announced suspension of military strikes against Iran for two weeks. Forex traders said the two-week ceasefire announcement triggered a wave of outsized bargain buying amongst the risk assets as Asian Stocks, Dow futures, Gold and Silver all rallied while Brent Oil fell below USD 100 to USD 96 per barrel. The rupee in accordance surged to 92.56 levels, with the RBI deadline still in place till the 10th of April (regarding squaring of positions taken

Stock markets cheer US-Iran ceasefire; Sensex jumps nearly 4 pc

Mumbai, Apr 8 (PTI) Stock market benchmark indices Sensex and Nifty surged in early trade on Wednesday following a sharp rally in global peers and a significant drop in crude oil prices after the US and Iran announced a two-week ceasefire. The 30-share BSE Sensex jumped 2,775.73 points or 3.71 per cent to 77,392.31 in early trade. The 50-share NSE Nifty surged 815.2 points or 3.52 per cent to 23,938.85. From the 30-Sensex firms, InterGlobe Aviation jumped the most by nearly 10 per cent. Larsen & Toubro, Bajaj Finance, Adani Ports, Bajaj Finserv and Mahindra & Mahindra were also among

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