Trump-Iran Ceasefire, Iran On Trump's Reversal, Markets React To Reopening Of Hormuz
Up First from NPR
NPR
4.6 • 59K Ratings
🗓️ 8 April 2026
⏱️ 14 minutes
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Summary
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.
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We get engineering support from Neisha Heinis. Our technical director is Carleigh Strange.
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(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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Transcript
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| 0:00.0 | President Trump agreed to a ceasefire with Iran shortly before his self-imposed deadline to end its civilization. |
| 0:09.6 | Iran still controls the Strait of Hormuz, which is to open for two weeks during negotiations. |
| 0:14.5 | I'm Leila Faudil. That's Stevenson, and this is up first from NPR News. |
| 0:20.8 | What exactly is in the agreement that stops the war? Iranians. and this is up first from NPR News. |
| 0:24.2 | What exactly is in the agreement that stops the war? |
| 0:29.5 | Iranians assert the U.S. agreed to negotiate final terms on the basis of their proposal. |
| 0:32.4 | President Trump did not get the regime change he called for. |
| 0:36.8 | Israel says the ceasefire does not include its invasion of Lebanon. |
| 0:39.4 | Also, what does a ceasefire mean for global markets? |
| 0:43.5 | Oil prices went up Tuesday morning, then quickly fell as the news spread. |
| 0:48.2 | Analyst warned the damage to oil infrastructure will keep prices elevated. |
| 0:49.6 | Stay with us. |
| 0:58.6 | We've got the news you need to start your day. United States officials are talking about the ceasefire in the war with Iran. |
| 1:02.9 | Defense Secretary Pete Hegseth spoke with reporters this morning, and he claimed victory. |
| 1:07.7 | President Trump forged this moment. |
| 1:14.5 | Iran begged for this ceasefire, and we all know it. The president posted on social media that he had agreed to a two-week ceasefire on the condition that Iran agrees to reopen the Strait of Hormuz. |
| 1:22.9 | But that ceasefire already seems shaky. |
| 1:26.1 | Iran has fired missiles, and Israel is carrying out a series of |
| 1:29.3 | intense and deadly attacks from the south of Lebanon to central Beirut right now. Israel |
| 1:34.0 | says Lebanon is not included in the ceasefire where it's expanding its invasion. Iran says it is. |
| 1:40.4 | In a moment, we'll talk with a former commander of U.S. military operations across the Middle East. |
| 1:44.6 | We begin with NPR White House correspondent Franco Ordonez. |
... |
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