Donald Trump says ceasefire still holds after fighting between the US and Iran flares
- Posted on May 8, 2026
- By Business News Today
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- 1 min read
Donald Trump says ceasefire still holds after fighting between the US and Iran flares
U.S. and Iranian forces clashed in the Gulf and Strait of Hormuz, with both sides accusing the other of breaching a ceasefire. Despite the flare-up and renewed attacks on the UAE, President Trump stated diplomacy was still on track and a ceasefire was holding, while oil prices surged above $100.