The Globe and Mail reports in its Wednesday edition that oil fell and stock markets rose on Tuesday after Iran and Israel appeared to honour a ceasefire agreement that had been negotiated by U.S. President Donald Trump. The Globe's Eric Reguly writes, however, that the ceasefire almost collapsed early that day, when both sides accused the other of using missile attacks to breach the deal, triggering a bout of volatile market trading. At one point on Tuesday morning, Mr. Trump lashed out at Israel on his Truth Social platform. "DO NOT DROP THOSE BOMBS," he said. "IF YOU DO IT IS A MAJOR VIOLATION." The office of Israeli Prime Minister Benjamin Netanyahu later admitted that Israel had destroyed a radar station near Tehran after the truce came into effect as of 7 a.m. local time, in response to three missiles that Israel said were fired from Iran, also after the ceasefire. Mr. Trump's Monday message triggered a 7.2-per-cent drop that day in Brent crude, taking the price to $71.50 (U.S.) a barrel, down from the opening price Monday of over $80 (U.S.). "The market is now clearly pricing in major de-escalation between the U.S. and Iran," Helima Croft, a former CIA analyst now at RBC Capital Markets, said on Tuesday.