After Trump's truce claims, foreign minister says Iran will stop attacks if Israel ends airstrikes

Iran targeted US airbases in Qatar on Monday evening.

Within minutes of US President Donald Trump announcing a truce between Israel and Iran, Iranian foreign minister Seyed Abbas Araghchi claimed no ceasefire has been agreed to. He, however, went on to add on the X platform that "provided that the Israeli regime stops its illegal aggression against the Iranian people no later than 4 am Tehran time, we have no intention to continue our response afterwards."'

As Iran has repeatedly made clear: Israel launched war on Iran, not the other way around.

As of now, there is NO "agreement" on any ceasefire or cessation of military operations. However, provided that the Israeli regime stops its illegal aggression against the Iranian people no…

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— Seyed Abbas Araghchi (@araghchi) June 24, 2025

This puts ball in Tel Aviv's court. "The final decision on the cessation of our military operations will be made later," Araghchi said.

"The military operations of our powerful Armed Forces to punish Israel for its aggression continued until the very last minute, at 4am. Together with all Iranians, I thank our brave Armed Forces who remain ready to defend our dear country until their last drop of blood, and who responded to any attack by the enemy until the very last minute," the Iranian Foreign Minister said in another post.

It should be noted that 4am is the cutoff the minister gave Israel to stop its "aggression" against Tehran.

Oil prices have continued their decline following President Trump's announcement of a ceasefire.

Brent crude, the global benchmark, has fallen by another 4%, now trading just above $68 a barrel. This comes after a 7% drop during Monday’s session.

Prices have now dipped below levels seen on 12 June, the day Israel launched its initial attack on Iran.

Meanwhile, Asian stock markets are reacting positively to the latest developments in the Middle East. Major indices in Japan, South Korea, and Australia are all trading higher.

There are also reports suggesting that Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani played a role in securing the ceasefire. Officials involved in the negotiations told US media that Qatar engaged with Iranian officials following Iran’s strikes on US military bases in the region, including in Qatar, and subsequently joined the US-led proposal.