A.M. Edition for April 8. The U.S. and Iran have reached a 14-day ceasefire agreement aimed at reopening the Strait of Hormuz and pausing weeks of escalating military strikes. With Tehran touting the deal as a strategic win, WSJ Middle East correspondent Jared Malsin details what we know about the truce and whether the Strait is in fact reopening. Plus, how markets – and central banks – are responding to the U.S. and Iran walking back from the brink. And Republicans beat back a Democratic push to win Marjorie Taylor Green’s House seat. Luke Vargas hosts.
President Trump reached a last-minute ceasefire with Iran just before his deadline to bomb the country's bridges and power plants, with Iran agreeing to open the Strait of Hormuz for two weeks while negotiations continue over a 10-point peace proposal. Iran and the U.S. are both claiming victory, but the terms are murky and Israel says the deal does not include Lebanon, even as Hezbollah says it is abiding by the ceasefire. And global markets are surging on the news, but analysts warn the damage done to oil infrastructure will keep prices high for a long time to come.
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Today’s episode of Up First was edited by Rebekah Metzler, Gerry Holmes, Rafael Nam, Mohamad ElBardicy, and Alice Woelfle.
It was produced by Ziad Buchh and Ava Pukatch.
Our director is Kaity Kline.
We get engineering support from Neisha Heinis. Our technical director is Carleigh Strange.
And our Supervising Producer is Michael Lipkin.
(0:00) Introduction (01:58) Trump-Iran Ceasefire (05:41) Iran On Trump's Reversal (09:51) Markets React To Reopening Of Hormuz
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Producers: Justin Sayles and Olivia Crerie
Additional Video Editing: Kevin Pooler, Julianna Ress, and Chris Sutton
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The United States and Iran announced a two-week cease-fire last night, shortly before President Trump’s deadline for Iran to unblock the Strait of Hormuz or to potentially see its “whole civilization” destroyed.
David E. Sanger, a White House correspondent for The New York Times, explains what led to this last-minute deal and what it will take to make it stick.
Guest: David E. Sanger, a White House and national security correspondent for The New York Times.
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Presenter: Jamie Bartlett
Series Producer: Tom Pooley
Sound Design: Rob Speight
Production Coordinator: Neena Abdullah
Original music: Coach Conrad
Editor: Craig Templeton Smith