Following the 12-day war that raised tensions in the Middle East, a historic development took place on the Israeli and Iranian fronts.
US President Donald Trump announced that Israel and Iran have agreed on a full-scale ceasefire and that the agreement will come into effect within 6 hours.
Trump said in a statement on Truth Social, “A complete and definitive ceasefire has been agreed upon between Israel and Iran. A temporary ceasefire will be implemented for 12 hours, after which the war will be officially declared over.” According to the agreement, Iran will be the first party to initiate the ceasefire, and Israel will join the ceasefire 12 hours later. At the end of 24 hours, the 12-day war will be officially declared over.
Trump also stated that the ceasefire would be peaceful and mutually respectful for both sides.
Before this ceasefire news, there was a significant development that increased tensions in the region. Iran launched a limited missile attack on Al Udeid Air Base in Qatar in response to the US bombing of nuclear facilities in Iran. It was reported that the US was notified before the attack and that no casualties occurred. Trump evaluated this attack as a “very weak response” and said, “Most importantly, they have now expressed their anger. I hope there will be no more HATE.”
Qatar described the attack as a clear violation of its sovereignty, airspace and international law. Qatari officials said almost all of the missiles were intercepted, only one reached its target, but it was not yet clear whether the missile caused any damage.
In statements made by Iran, it was stated that the attack was equal to the number of bombs dropped on Iran by the US and that a base outside of civilian areas was targeted. These statements indicated that the Tehran administration did not want to escalate tensions with Washington.
Following the developments, Bitcoin reacted with a sudden rise.
Graph showing the rise in Bitcoin price following the ceasefire announcement.
*This is not investment advice.
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