President Donald Trump announced Monday that there will be a “complete and total ceasefire” between Israel and Iran implemented in less than 24 hours.

“CONGRATULATIONS TO EVERYONE! It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE,” Trump wrote on TRUTH Social. “During each CEASEFIRE, the other side will remain PEACEFUL and RESPECTFUL.”

Trump congratulated both countries for “having the Stamina, Courage, and Intelligence to end, what should be called, ‘THE 12 DAY WAR.’”

“This is a War that could have gone on for years, and destroyed the entire Middle East, but it didn’t, and never will,” he posted. “God bless Israel, God bless Iran, God bless the Middle East, God bless the United States of America, and GOD BLESS THE WORLD!”

BREAKING: Ceasefire between Israel and Iran according to POTUS! pic.twitter.com/0faz4EvDuv

— Kassy Akiva (@KassyAkiva) June 23, 2025

The ceasefire comes after 12 days of conflict between Israel and Iran, which started with Israel targeting Iranian nuclear facilities to prevent the regime from obtaining a nuclear weapon. The United States entered the conflict on Saturday night, bombing key Iranian nuclear sites with Tomahawk missiles and 30,000-pound “bunker buster” bombs.

Iran retaliated in a coordinated strike on the United States’ Al Udeid Air Base today in Qatar with 14 missiles, 13 of which were intercepted and one that hit an unimportant area.

Following the attack, Trump posted that Iran had “gotten it out of their ‘system,’ and there will, hopefully, be no further HATE.”

He also thanked Iran for providing “early notice” of the attack.

“Perhaps Iran can now proceed to peace and harmony in the region, and I will enthusiastically encourage Israel to do the same,” he added.

As of Saturday, 24 people were killed by Iranian missile attacks in Israel and another 1,272 were injured, with 14 in serious condition, according to the Israeli government.

This is a developing story, please refresh this page for updates.

Oil prices fell Monday after Iran’s casualty-free attack on a United States military base in Qatar, with investors hoping the attack signals the limits of Tehran’s retaliatory ability.

Prices spiked 6% after Iran threatened to close the Strait of Hormuz in response to President Donald Trump’s announcement that the United States had bombed an Iranian nuclear facility. Some 20% of the world’s daily oil supply passes through the strait, according to the AP.

On Monday, Iran fired missiles at the Al Udeid Air Base, all of which were intercepted. There were no casualties. In response, “the price of a barrel of benchmark U.S. oil had dropped 7.2% to settle at $68.51 after briefly topping $78,” according to the AP.

Trump noted the de-escalatory nature of the attack in a post on Truth Social, emphasizing that there were no casualties, all missiles were successfully intercepted, and Iran warned the United States of the attack beforehand.

“Iran has officially responded to our Obliteration of their Nuclear Facilities with a very weak response, which we expected, and have very effectively countered.”

“Most importantly, they’ve gotten it all out of their “system,” and there will, hopefully, be no further HATE.”

Hours later, Trump announced that Israel and Iran agreed to a ceasefire. Markets will likely stabilize in the coming days.