U.S. President Donald Trump announced that Israel and Iran have agreed to a temporary ceasefire, which will begin around midnight Washington time on Monday (23rd). The ceasefire agreement aims to permanently end the war. Trump stated on Truth Social that, assuming everything goes as expected, he hopes to congratulate Israel and Iran for having enough perseverance, courage, and wisdom to end this "12-day war".Related NewsSpot USD/CNY Gains 29 bps to Close at 7.1684Iran has agreed to the U.S.-proposed ceasefire agreement, while Israel has yet to comment, Reuters cited Iranian officials as confirming. As long as Iran refrains from launching attacks, Israel will agree to the ceasefire agreement, a senior White House official remarked, emphasizing that Trump facilitated this agreement during a call with Israeli Prime Minister Benjamin Netanyahu. In today's (24th) Asian early trading, New York crude oil futures for August delivery slid 4.32% to US$65.55, and Brent crude oil futures for August delivery dived 4.31% to US$68.4. Gold futures for August delivery fell 1.06% to US$3,359.1. Related NewsOvernight Shibor Rises 0.3 bps to 1.370%U.S. stock futures advanced, with DJIA futures rising 0.42% or 181 points to 43,082; and S&P and Nasdaq futures up 0.51% and 0.72%, respectively.