Stock futures are climbing after former President Trump claimed a ceasefire between Iran and Israel is in effect. This announcement has stirred up the markets, prompting a wave of optimism among investors. But hold your horses—while the futures are rising, the situation on the ground is anything but stable.

Key points include:

• Trump's assertion of a ceasefire has added a layer of uncertainty in global markets.
• Israel has accused Iran of violating the ceasefire with missile and drone strikes.
• The conflict remains tense, with both sides trading barbs and accusations.
• Live updates from major news outlets are bringing the latest developments.

Read on for the full scoop.