On June 23, 2025, U.S. President Donald Trump announced a ceasefire between Iran and Israel, which was confirmed by Iranian state media. However, Israel has not yet officially commented on the agreement, and the timing of the ceasefire's implementation remains unclear.

Despite the announcement, military actions continued, with Israel reporting missile strikes from Iran that resulted in three fatalities in Beer Sheva, Israel. In retaliation, Iranian state media indicated that Israel had launched attacks on Tehran.

The ceasefire was reportedly brokered with the assistance of Qatar, which facilitated negotiations between the two nations. Israel's acceptance of the ceasefire was contingent upon Iran ceasing its attacks on Israeli territory, a condition that Iran agreed to.

In the context of the ongoing conflict, the Israeli military activated its defense systems in response to missile threats from Iran, while Iranian officials claimed that their military operations were a response to U.S. aggression.

The announcement of the ceasefire coincided with a significant drop in oil prices, attributed to reduced fears of supply disruptions following the ceasefire declaration. Oil prices had previously surged due to concerns over the conflict's impact on global oil supply.

Iran's Foreign Minister Abbas Araghchi stated that military operations against Israel would cease if Israel halted its strikes by a specified deadline. He emphasized that Iran viewed the conflict as a response to Israeli aggression.

The ceasefire announcement has elicited mixed reactions from U.S. lawmakers, with some expressing concerns over the legality of Trump's military actions against Iran prior to the ceasefire. The situation remains fluid, with both nations continuing to engage in military operations even as diplomatic efforts are underway.