India, April 8 -- The US president Donald Trump has announced a ceasefire on the ongoing US-IRAN war for 14 days. This has resulted the crude oil to crash over 17% and the gift nifty signals a gap up opening of over 800 points and nifty heading towards 24,000 levels.

In the post on social media platform, Truth Social, Trump mentioned that, "Based on conversations with Prime Minister Shehbaz Sharif and Field Marshal Asim Munir, of Pakistan, and wherein they requested that I hold off the destructive force being sent tonight to Iran, and subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz, I agree to suspend the bombing and attack of Iran for a period of two weeks. This will ...