President Trump has declared a ceasefire and called for peace. It remains to be seen whether Israel and Iran will stick to it. DUBAI, United Arab Emirates — Escalating regional war, or a bunch of choreographed theatre?

As shares rose and oil prices fell, Iran’s foreign minister said there was no formal deal but said Iran would stop if Israel did and referred to the war in the past tense. “The military operations of our powerful Armed Forces to punish Israel for its aggression continued until the very last minute,