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    1. Home
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    Headlines

    Major Reaction to News of Iran Ceasefire

    Published by Global Banking & Finance Review®

    Posted on April 8, 2026

    4 min read

    Last updated: April 8, 2026

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    Major reaction to news of Iran ceasefire - Headlines news and analysis from Global Banking & Finance Review
    Tags:FinanceBankingMarketsGeopoliticsEnergy

    Quick Summary

    Oil prices plunged nearly 13% after the U.S. and Iran agreed to a two‑week ceasefire mediated by Pakistan, contingent on reopening the Strait of Hormuz—a chokepoint responsible for roughly one‑fifth of seaborne oil trade. Global relief followed, but markets await sustained peace.

    Table of Contents

    • International Reactions and Implications of the Iran-US Ceasefire
    • Overview of the Ceasefire Announcement
    • United Nations Perspective
    • STEPHANE DUJARRIC, SPOKESMAN FOR UN SECRETARY-GENERAL ANTONIO GUTERRES
    • International Atomic Energy Agency Reaction
    • IAEA DIRECTOR GENERAL RAFAEL GROSSI
    • European Leaders' Responses
    • KEIR STARMER, BRITISH PRIME MINISTER
    • JOHANN WADEPHUL, GERMAN FOREIGN MINISTER
    • KAJA KALLAS, EU FOREIGN POLICY CHIEF
    • URSULA VON DER LEYEN, EUROPEAN COMMISSION PRESIDENT
    • Other International Responses
    • INDIAN MINISTRY OF EXTERNAL AFFAIRS
    • PEDRO SANCHEZ, SPANISH PRIME MINISTER
    • Editorial Notes

    Global Response to Iran-US Ceasefire and Its Impact on Oil and Diplomacy

    International Reactions and Implications of the Iran-US Ceasefire

    April 8 (Reuters) - The U.S. and Iran have confirmed a two-week ceasefire following mediation by Pakistan.

    U.S. President Donald Trump announced the ceasefire less than two hours before his deadline for Iran to reopen the Strait of Hormuz or face devastating attacks on its civilian infrastructure. 

    Trump said the deal was contingent on Iran reopening the narrow channel, which handled about a fifth of global oil shipments before the U.S. and Israel attacked Iran on February 28.

    Iran's Supreme National Security Council portrayed the deal as a victory over the U.S., saying Trump had accepted Iran's conditions for ending hostilities.

    Pakistan's Prime Minister Shehbaz Sharif said in a post on X he had invited Iranian and U.S. delegations to meet in Islamabad on Friday.

    Overview of the Ceasefire Announcement

    Here are reactions to the ceasefire:

    United Nations Perspective

    STEPHANE DUJARRIC, SPOKESMAN FOR UN SECRETARY-GENERAL ANTONIO GUTERRES 

    "The Secretary-General welcomes the announcement of a two-week ceasefire by the United States and Iran. He calls on all the parties to the current conflict in the Middle East to comply with their obligations under international law and to abide by the terms of the ceasefire in order to pave the way toward a lasting and comprehensive peace in the region.

    "The Secretary-General underscores that an end to hostilities is urgently needed to protect civilian lives and alleviate human suffering."

    International Atomic Energy Agency Reaction

    IAEA DIRECTOR GENERAL RAFAEL GROSSI

    "IAEA DG Grossi welcomes ... a return to diplomacy aimed at negotiating a settlement on key issues including Iran's nuclear programme. The IAEA stands ready to support these efforts through its indispensable safeguards and verification role."

    European Leaders' Responses

    KEIR STARMER, BRITISH PRIME MINISTER

    "I welcome the ceasefire agreement reached overnight, which will bring a moment of relief to the region and the world. 

    "Together with our partners we must do all we can to support and sustain this ceasefire, turn it into a lasting agreement and reopen the Strait of Hormuz."

    JOHANN WADEPHUL, GERMAN FOREIGN MINISTER

    "I welcome the decision of the warring parties for a ceasefire. This must be the decisive first step on the path towards lasting pacification, for the consequences of continuing the war would be incalculable. Germany will support this path of diplomacy to the best of its ability."

    KAJA KALLAS, EU FOREIGN POLICY CHIEF

    "The U.S.-Iran agreement on a ceasefire is a step back from the brink after weeks of escalation.

    "It creates a much-needed chance to tone down threats, stop missiles, restart shipping and create space for diplomacy towards a lasting agreement. The Strait of Hormuz must be open for passage again."

    URSULA VON DER LEYEN, EUROPEAN COMMISSION PRESIDENT

    "I welcome the two-week ceasefire the U.S. and Iran agreed last night. It brings much needed de-escalation.

    "Now it is crucial that negotiations for an enduring solution to this conflict continue." 

    Other International Responses

    INDIAN MINISTRY OF EXTERNAL AFFAIRS

    "We welcome the ceasefire reached and hope that it will lead to a lasting peace in West Asia. As we have continuously advocated earlier, de-escalation, dialogue and diplomacy are essential to bring an early end to the ongoing conflict.

    "The conflict has already caused immense suffering to people and disrupted global energy supply and trade networks. We expect that unimpeded freedom of navigation and global flow of commerce would prevail through the Strait of Hormuz."

    PEDRO SANCHEZ, SPANISH PRIME MINISTER

    "Ceasefires are always good news. Especially if they lead to a just and lasting peace. But this momentary relief cannot make us forget the chaos, the destruction and the lives lost.

    "The Government of Spain will not applaud those who set the world on fire just because they show up with a bucket.

    "What's needed now: diplomacy, international legality and PEACE."

    Editorial Notes

    (Compiled by Kate Mayberry; Editing by Ed Osmond)

    Key Takeaways

    • •The U.S.–Iran ceasefire, brokered by Pakistan and announced less than two hours before Trump’s deadline, hinges on Iran fully reopening the strategic Strait of Hormuz, which handles about 20% of seaborne oil trade (axios.com).
    • •Oil markets responded dramatically: Brent crude futures dropped approximately 13% to around $95/barrel—the steepest single‑day decline since the 1991 Gulf War (axios.com).
    • •This two‑week pause offers a critical opportunity for diplomacy—as noted by international figures such as the UN Secretary‑General, IAEA Chief, EU leaders, and regional governments—to de‑escalate, protect trade routes, and pursue lasting peace (apnews.com).

    References

    • U.S. AND IRAN AGREE TO 2-WEEK CEASEFIRE
    • Oil prices plunge following U.S.-Iran ceasefire
    • How Trump went from threatening Iran's annihilation to agreeing to a two-week ceasefire with Tehran

    Frequently Asked Questions about Major reaction to news of Iran ceasefire

    1What triggered the Iran-US ceasefire agreement?

    The ceasefire was brokered after U.S. pressure for Iran to reopen the Strait of Hormuz, with mediation by Pakistan and mounting global concerns over oil shipments and regional conflict.

    2How does the ceasefire affect global oil shipments?

    The ceasefire is contingent on Iran reopening the Strait of Hormuz, a key passage for about a fifth of global oil shipments, helping stabilize energy markets.

    3What are the main conditions of the ceasefire deal?

    Iran must reopen the Strait of Hormuz to global commerce, and both sides must halt hostilities for two weeks, as per US and Iranian statements.

    4Which countries and organizations have reacted to the ceasefire?

    Global leaders and bodies, including the UN, EU, UK, Germany, Spain, and India, welcomed the ceasefire and urged ongoing dialogue for lasting peace.

    5What role did Pakistan play in the Iran-US ceasefire?

    Pakistan mediated the discussions and invited US and Iranian delegations to meet in Islamabad, facilitating agreement on the ceasefire.

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    Previous Headlines PostRussia Says It Welcomes Iran Ceasefire, Hopes US Will Now Resume Ukraine Talks
    Next Headlines PostEU Welcomes US-Iran Ceasefire, Urges Efforts to Create Lasting Agreement
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