{"id":60669,"date":"2026-04-08T08:38:19","date_gmt":"2026-04-08T12:38:19","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/us-and-iran-enter-two-week-ceasefire-following-massive-epic-fury-air-campaign-saudi-pipeline-attacked\/60669\/"},"modified":"2026-04-08T08:38:19","modified_gmt":"2026-04-08T12:38:19","slug":"us-and-iran-enter-two-week-ceasefire-following-massive-epic-fury-air-campaign-saudi-pipeline-attacked","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/us-and-iran-enter-two-week-ceasefire-following-massive-epic-fury-air-campaign-saudi-pipeline-attacked\/60669\/","title":{"rendered":"US and Iran Enter Two-Week Ceasefire Following Massive \u2018Epic Fury\u2019 Air Campaign; Saudi Pipeline Attacked"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>The U.S. and Iran have entered a two-week ceasefire<\/strong> following &quot;Operation Epic Fury,&quot; a massive military campaign where U.S. Joint Forces struck over <strong>13,000 targets<\/strong> within Iran.<\/li>\n<li><strong>Saudi Arabia\u2019s East-West Oil Pipeline<\/strong>, a critical artery for transporting crude from the Gulf to the Red Sea, was <strong>struck by a drone attack<\/strong>, creating fresh volatility in energy markets.<\/li>\n<li><strong>Iran\u2019s military infrastructure is &quot;functionally destroyed,&quot;<\/strong> according to the Pentagon, with <strong>80% of air defense systems eliminated<\/strong> and the nation&#39;s missile program rendered inoperable.<\/li>\n<li><strong>Qatar has begun resuming LNG production<\/strong>, while Iran signals a potential reopening of the <strong>Strait of Hormuz<\/strong> by Thursday or Friday, contingent on &quot;transit fees&quot; and military coordination.<\/li>\n<\/ul>\n<h2>U.S. Declares Decisive Victory in &quot;Operation Epic Fury&quot;<\/h2>\n<p>U.S. Pentagon Chief <strong>Pete Hegseth<\/strong> announced a decisive military victory today, stating that Iran &quot;begged&quot; for the current two-week ceasefire. During a Pentagon briefing, Hegseth confirmed that <strong>Iran\u2019s missile program is functionally destroyed<\/strong> and its defense industrial factories have been <strong>&quot;razed to the ground.&quot;<\/strong> The Secretary of Defense noted that the operation has paved the way for &quot;real peace,&quot; though he highlighted that Iran&#39;s new Supreme Leader was <strong>wounded and disfigured<\/strong> during the strikes.<\/p>\n<p>U.S. General <strong>Caine<\/strong> provided further tactical details, revealing that U.S. Joint Forces conducted <strong>800 strikes on Tuesday night alone<\/strong>. According to Caine, the U.S. met all primary military objectives, successfully neutralizing <strong>80% of Iran\u2019s air defense systems<\/strong>. While the ceasefire is currently in effect, Caine warned that the military remains in a <strong>&quot;pause&quot; state<\/strong> and is ready to resume combat operations immediately if the agreement is breached.<\/p>\n<h2>Energy Infrastructure Under Fire<\/h2>\n<p>Despite the ceasefire news, energy markets are monitoring a confirmed <strong>drone attack on Saudi Arabia\u2019s East-West Oil Pipeline<\/strong>. This pipeline is vital for global supply as it allows Saudi Aramco (<a href=\"\/stock\/2222\">2222<\/a>) to bypass the volatile Strait of Hormuz by transporting crude directly to the Red Sea for export. The extent of the damage remains unclear, but the attack has heightened fears regarding the stability of regional infrastructure and the United States Oil Fund (<a href=\"\/stock\/USO\">USO<\/a>).<\/p>\n<p>In a positive turn for global gas supplies, <strong>Qatar has commenced work to resume production<\/strong> at its primary LNG export hub. This follows a period of intense regional instability that had throttled exports. Investors in the United States Natural Gas Fund (<a href=\"\/stock\/UNG\">UNG<\/a>) are closely watching these developments as Qatar prepares to re-enter the market at full capacity.<\/p>\n<h2>Diplomatic Maneuvers and the Strait of Hormuz<\/h2>\n<p>A senior Iranian official indicated to Reuters that Iran could <strong>reopen the Strait of Hormuz<\/strong> as early as Thursday or Friday. However, the reopening would be limited and requires all vessels to coordinate with the Iranian military. Furthermore, reports suggest Iran is demanding <strong>transit fees for ships<\/strong> passing through the waterway during the ceasefire period, a move likely to be contested by international shipping interests.<\/p>\n<p>European leaders have moved quickly to support the two-week truce, urging all parties to <strong>enforce the ceasefire<\/strong> and expand it to include Lebanon. In a significant diplomatic shift, Lebanon\u2019s Foreign Ministry announced a willingness to start <strong>direct talks with Israel<\/strong>, asserting that only the central government has the authority to represent the nation in these negotiations.<\/p>\n<h2>Market Reactions<\/h2>\n<p>The geopolitical shift has sent ripples through the financial sector. While energy prices react to the Saudi pipeline news, the cryptocurrency market saw a notable move from a prominent Chinese Bitcoin mining billionaire who has <strong>gone short on Ethereum<\/strong> (<a href=\"\/stock\/ETH\">ETH<\/a>). This move is reportedly driven by broader <strong>market uncertainty<\/strong> despite the temporary pause in Middle Eastern hostilities.<\/p>\n<p>As the U.S. and Iran prepare for a high-stakes meeting in <strong>Pakistan<\/strong> to discuss a long-term framework, the global community remains cautious. <em>Market analysts suggest that while the &quot;Epic Fury&quot; campaign has shifted the balance of power, the risk of asymmetric retaliations against energy infrastructure remains the primary concern for investors.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways The U.S. and Iran have entered a two-week ceasefire following &quot;Operation Epic Fury,&quot; a massive military campaign where 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