Some mixed messaging on a ceasefire being worked through by Iran and the US, that quickly sent global oil prices below $100USD a barrel.
Both countries have accepted Pakistan's proposal to pause fighting two weeks and the US President's backtracked on threats to obliterate Iran.
Iran's put forward a 10-point plan, which includes letting ships through the Strait of Hormuz, with Donald Trump saying the US will help with the traffic buildup.
Newstalk ZB senior political correspondent Barry Soper unpacked today's announcement further.
LISTEN ABOVE

Gavin Grey: UK correspondent on Prime Minister Starmer's response to the US-Iran ceasefire
04:52

Jenee Tibshraeny: NZ Herald Wellington business editor on what the Middle East conflict could do to inflation
04:48

Brendan Larsen: Milford Asset Management expert on the market reactions to the ceasefire deal
03:03