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Up First from NPR

Trump-Iran Ceasefire, Iran On Trump's Reversal, Markets React To Reopening Of Hormuz

April 8, 2026

AI Summary

5 min read

President Trump agreed to a two-week ceasefire with Iran shortly before his self-imposed deadline to "end its civilization," halting the U.S. military campaign against the country. The deal, brokered by Pakistan's Prime Minister Shehbaz Sharif, does not include Israel's ongoing invasion of Lebanon, and leaves Iran in control of the Strait of Hormuz, which it will reopen to shipping for the duration of negotiations. Oil prices initially rose Tuesday morning, then fell as the news spread, though analysts warned that structural damage to oil infrastructure will keep prices elevated for some time.

The ceasefire deal and what Trump conceded

The agreement came after a day of intense deal-making that followed weeks of escalating rhetoric. Trump posted on social media that he made the decision based on conversations with Pakistan's prime minister, who had been pressing him to back down from his threats. Trump said the U.S. received a 10-point proposal from Iran, which he described as "a workable basis on which to negotiate," and claimed the U.S. had already "met and exceeded all its military objectives."

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What you'll learn

  • 1 (00:02) **Ceasefire Announced** - President Trump agrees to a two-week ceasefire with Iran, contingent on Iran reopening the Strait of Hormuz for negotiations.
  • 2 (02:29) **White House Correspondent Analysis** - NPR's Franco Ordoñez explains the deal-making process and its implications.
  • 3 (06:12) **Iranian and Regional Reaction** - NPR's D. Parvaz reports from the Turkey-Iran border on how the ceasefire is being received.
  • 4 (08:30) **Lebanon Exclusion and Israeli Response** - The ceasefire does not include the Lebanon front, creating a point of contention.
  • 5 (10:23) **Market Reaction and Analysis** - NPR's Maria Aspen reports on investor relief and the underlying economic damage.
  • 6 Standout Quotes
  • 7 (07:52) "You came and you killed many of us, you damaged our infrastructure... I don't separate." - A woman from Tehran, speaking to Trump directly, expressing that the war has empowered the Revolutionary Guard.

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Guests on this episode

Show Notes

President Trump reached a last-minute ceasefire with Iran just before his deadline to bomb the country's bridges and power plants, with Iran agreeing to open the Strait of Hormuz for two weeks while negotiations continue over a 10-point peace proposal.
Iran and the U.S. are both claiming victory, but the terms are murky and Israel says the deal does not include Lebanon, even as Hezbollah says it is abiding by the ceasefire.
And global markets are surging on the news, but analysts warn the damage done to oil infrastructure will keep prices high for a long time to come.

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Today’s episode of Up First was edited by Rebekah Metzler, Gerry Holmes, Rafael Nam, Mohamad ElBardicy, and Alice Woelfle.

It was produced by Ziad Buchh and Ava Pukatch.

Our director is Kaity Kline.

We get engineering support from Neisha Heinis. Our technical director is Carleigh Strange.

And our Supervising Producer is Michael Lipkin.

(0:00) Introduction
(01:58) Trump-Iran Ceasefire
(05:41) Iran On Trump's Reversal
(09:51) Markets React To Reopening Of Hormuz

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