Iran War: Trump Agrees to Two-Week Iran Ceasefire, Oil Slumps | Daybreak Europe 4/8/2026

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. On today's show, the US and Iran have agreed to a two‑week ceasefire. President Trump said the pause is subject to the Strait of Hormuz reopening and that he’s also received a 10-point proposal from Iran. Iran said safe passage through the strait would be “possible” for the two-week period, while Trump said the US will help with the traffic buildup in the waterway. Oil plunged the most in almost six years. Benjamin Netanyahu said Israel supported Trump’s decision but that the ceasefire doesn’t include Lebanon. Today's guests: National Security Institute Founder and Executive Director, Jamil Jaffer & Sophie Huynh, Portfolio Manager and Strategist for Dynamic Asset Allocation at BNP Paribas Asset Management (Source: Bloomberg)