Iran and the U.S. Remain Far Apart Despite Cease-Fire Deal

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 8 April 2026

⏱️ 13 minutes

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Summary

P.M. Edition for April 8. The U.S.- Iran ceasefire is fragile, with divisions over the Strait of Hormuz and other key issues. WSJ national security reporter Shelby Holliday explains what’s at stake in the Middle East. Stocks rally and oil prices plunge after the ceasefire. WSJ markets reporter Hannah Erin Lang tells us about the latest TACO trade. Plus, economists are getting worse at forecasting one of the most important economic indicators. WSJ economics reporter Matt Grossman tells us what’s throwing off their models, and why it matters for investors. Imani Moise hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	How are the U.S. businesses of Philip Morris International invested in America?
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0:22.5	Because we're proud to be invested in America.
0:25.9	See how at uspMI.com.
0:33.6	Despite a ceasefire, the U.S. and Iran aren't on the same page. And Iran is keeping a tight grip on the strait of our moves.
0:40.3	We don't know what Iran plans to do.
0:42.3	And Iran has shown that it is able to hold the straight hostage and use it as a bargaining chip.
0:48.3	Plus, news of the ceasefire sends U.S. stock markets soaring and oil prices plunging.
0:53.3	And the key to losing more weight on GLP-1s might be in your defense. sends U.S. stock markets soaring and oil prices plunging.
0:58.6	And the key to losing more weight on GLP-1s might be in your DNA.
1:00.8	It's Wednesday, April 8th.
1:04.3	I'm Imani-Mauese for the Wall Street Journal, filling in for Alex Osala.
1:09.8	This is the PM edition of What's News, the top headlines and business stories that move the world today.
1:22.3	The U.S. and Iran reached the ceasefire agreement, but it's clear that the two sides remain far apart on many issues.
1:31.6	Since the deal was announced, there's been conflicting reports about the status of the Strait of Burmuz and continued strikes in other parts of the Middle East. WSJ National Security reporter Shelby Holiday is here to walk us through the latest. So where does the ceasefire stand
1:36.4	now and what's the next step? Well, today's been really interesting because from the U.S.
1:40.3	side, it's been a huge victory lap. We've heard from press secretary Caroline Levitt. We've heard from the Secretary of Defense Pete Huggseth. And what they're saying is that what we set
1:49.0	out to do has been accomplished. And now we're trying to hammer out a ceasefire. There are still some
1:53.9	very important questions lingering, namely what Iran will do with its nuclear material, whether
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