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Markets ‘love resolution’ in Middle East after Trump’s ceasefire deal, top bank CEO says

The markets began to feel comfortable because the conflict in the Middle East tends towards the decision, according to the Chairman and CEO of one of the largest American banks.

“I think it was fast and forth in the past two weeks, but I think the market loves the decision,” said Brian Mounehan at Bank of America in “Al -Sabah with Maria”, Tuesday. [it] It is likely that it has a strong solution over the past 72 hours, and I think the market reaction is positive. “

Immediately before the opening of the market, Fox News stated that Iran seemed to ignore President Donald Trump’s call to a commitment to the ceasefire in which it mediated between the Islamic Republic and Israel.

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Israel has pledged to respond to the alleged violation, as Defense Minister Israel Katz announced that it had ordered the army to strike Tehran. In addition, the head of the Israeli Defense Forces (IDF) pledged the general argan.

Board Chairman and CEO of Bank Of America Moynihan appears on Fox Business Network on March 27, 2025, in New York City. (Getty Images)

Iran’s army denied violating the ceasefire, according to reports. However, the Israeli Defense Army said on Tuesday that the alarm sirens were seemed throughout the country.

The markets were heading up in favor of the ceasefire deal, and since the United States took out the main nuclear sites in Iran late Saturday night.

“The oil rose and returned down, so I think the real anxiety about the Middle East is a source of geopolitical concern, but also the influence of oil prices, and it is settled.”

Fox News Digital recently told any future prices on oil would be temporary and short -term after Iran has also threatened to close the Strait of Harmouz, which transports 20 % of global petroleum fluids.

“Therefore, this will be useful for the American consumer, in the end,” The CEO has expanded the long -term drop in oil prices, “because they get a benefit for that, as well as consumers around the world.”

Read more from Fox Business

Rachel Wolf and Terry Yinget contributed to Fox News.

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2025-06-24 14:46:00

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