The price of oil plunges with this U.S. Iran cease fire and is now only 40% higher than it was before the U.S. airstrikes began.

I'm David Brancaccio in Los Angeles. Crude oil traded in New York is at $94 a barrel at the moment, down 17% in these early hours of a US and Iran sees fire. Dan

Coatsworth is head of markets at A.J. Bell in the UK. It's pulled back, but it's pulled back

nowhere near as low as it was at the end of February. So it's still got quite a long way

to fall again. And that's sort of suggesting

that markets are happy. But just because we've got a two-week ceasefire doesn't mean to say

this situation has been resolved. I'll tell you what, though, over or out of the oil markets

and into, you know, the equity markets, there is some kind of relief rally forming here.

One wonders if that early reaction is a bit overdone, given the fact that so much uncertainty

still swirls.

I think that markets still are slightly nervous, but as we've seen time and time again,

the market will need something new to latch onto, to give them the confidence to say, let's plow ahead. So there's a really big

question mark over what happens next in the coming days on the financial markets.

Dan Coatsworth at the investment firm, A.J. Bell.

President Trump said today he wants 50% taxes on goods from countries that might be sending

weapons to Iran. Marketplaces Nancy Marshall-Genzor is following this development.

In a social media post this morning, President Trump said any country supplying weapons to Iran will

face a 50 percent tariff on, quote, any and all goods sold to the U.S., and there would be no

exclusions or exemptions.

Henrietta Trace, co-founder of Veda Partners, says Russia, North Korea, and China have all sent

weapons to Iran, but the tariffs are aimed at Beijing.

Trade with Russia is already quite limited in trade with North Korea's in the same boat. So if you're

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