U.S. and Iran Both Claim Victory in New Ceasefire

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 8 April 2026

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for April 8. The U.S. and Iran have reached a 14-day ceasefire agreement aimed at reopening the Strait of Hormuz and pausing weeks of escalating military strikes. With Tehran touting the deal as a strategic win, WSJ Middle East correspondent Jared Malsin details what we know about the truce and whether the Strait is in fact reopening. Plus, how markets – and central banks – are responding to the U.S. and Iran walking back from the brink. And Republicans beat back a Democratic push to win Marjorie Taylor Green’s House seat. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Correction: India’s central bank is called the Reserve Bank of India. An earlier version of this podcast incorrectly referred to it as the Royal Bank of India. (Corrected on April 9) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Access to affordable credit helps me pay my employees, but I don't really need it.
0:05.0	Infliction is killing me!
0:08.0	But who cares? Big retailers are making record profits!
0:12.0	That's why we support the Durban Marshall Credit Card Bill!
0:15.0	See? Banks and credit unions help small businesses make payroll.
0:18.0	This bill would cut the vital resources they need.
0:25.1	While increasing megastore profits, they deserve it. Don't they?
0:29.1	Tell Congress, stop the Durban Marshall money grab for corporate megastores.
0:31.2	Paid for it by the Electronic Payments Coalition.
0:40.5	The U.S. pauses attacks on Iran after an 11th hour truce. We'll get the latest on the ceasefire and check in on how markets are reacting. Plus, TikTok says hey to Finland as it tries to hold
0:47.0	off European regulatory pressure and Republicans beat back a Democratic push to win Marjorie
0:52.7	Taylor Green's House seat.
0:56.8	But they can't beat Donald Trump, and they never will.
1:00.8	And I will be on Capitol Hill as a warrior to have his back each and every day.
1:02.7	It's Wednesday, April 8th.
1:04.5	I'm Luke Vargas for the Wall Street Journal.
1:11.0	And here is the AM edition of What's News, the top headlines and business stories moving your world today.
1:24.0	President Trump says he's agreed to suspend attacks on Iran for two weeks, so long as the country immediately reopens the Strait of Hormuz. Trump defended the ceasefire announcement, saying that the U.S. had already met its military objectives
1:32.6	and citing progress in negotiating a long-term peace with Iran.
1:37.3	But having threatened to wipe out Iran's civilization just hours earlier
1:41.4	and promising attacks on a range of new targets in recent days,
1:45.8	is the U.S. ready to lay down arms? Is Iran, and crucially, is the Strait of Hormuz back open?
	...

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