US official says ceasefire will begin this evening, but they believe it may take some time for orders to reach Revolutionary Guard units at the field level

The announcement of a ceasefire, while significant, suggests underlying complexities due to potential delays in communication with the Revolutionary Guard units. This could mean continued tensions on the ground and uncertainty in the region, impacting oil prices and safe-haven assets. Traders should monitor how these developments unfold, as they may have differential impacts across various asset classes.