Stock market today: Dow rises, S&P 500 and Nasdaq notch fresh records as war resolution hopes grow

Israel and Lebanon have reached a 10-day ceasefire agreement, President Trump said in a Truth Social post on Thursday, marking a temporary break in a conflict that has snarled any potential positive movement between the US and Iran.

“I just had excellent conversations with the Highly Respected President Joseph Aoun, of Lebanon, and Prime Minister Bibi Netanyahu, of Israel. These two leaders have agreed that in order to achieve PEACE between their countries, they will formally begin a 10 Day CEASEFIRE at 5 P.M. EST,” the president wrote.

Israel’s military campaign in Lebanon against the Iran-backed proxy force Hezbollah, which Netanyahu launched shortly after the Iran war began, has emerged as a key sticking point in US-Iran ceasefire negotiations.

Even as Iran has insisted that a cessation of Israeli military action in Lebanon must be part of any ceasefire, Israel has continued a widespread air and ground campaign within the country against Hezbollah through the US-Iran ceasefire, set to expire on Tuesday.

Mohammad Bagher Ghalibaf, Iran’s parliamentary speaker, said in a post on X on Wednesday that the US “must commit” to the “completion and consolidation of a comprehensive ceasefire in Lebanon.”

The US has insisted that it does not view Lebanon as part of any ceasefire arrangements with Iran.

Futures on oil continued their move up on Thursday. International benchmark Brent crude (BZ=F) rose 3.4% on the session, while US benchmark West Texas Intermediate (WT) crude (CL=F) futures gained a slimmer 2.3%.