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US and Iran agree to temporary ceasefire deal

The United States and Iran have agreed to a conditional two-week ceasefire, allowing the temporary resumption of shipping through the strategic Strait of Hormuz. The agreement follows more than a month of escalating tensions after coordinated US and Israeli strikes on Iranian targets. The breakthrough came just hours after US President Donald Trump issued a stark warning, threatening severe consequences if Iran failed to reopen the key maritime route. Pakistan’s Prime Minister, Shehbaz Sharif, who has been facilitating the talks, confirmed that the ceasefire took effect immediately on Wednesday. Positions from Washington and Tehran President Trump stated that the US would pause military operations for two weeks, provided Iran ensures full access to the Strait of Hormuz. He indicated that the decision was made after the US had achieved its primary military objectives. The announcement followed earlier remarks by Trump […]

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Oil prices fall after US-Iran ceasefire deal

Global financial markets reacted positively after the United States and Iran agreed to a conditional two-week ceasefire, which includes reopening the strategic Strait of Hormuz. The development led to a sharp drop in oil prices and strong gains in stock markets worldwide. Brent crude fell by around 13% to $94.80 per barrel, while US crude dropped more than 15% to $95.75. Despite this decline, prices remain above pre-conflict levels, when oil traded near $70 per barrel in late February. Energy markets had been under pressure due to disruptions in Middle Eastern supply, particularly after Iran threatened to target vessels passing through the Strait of Hormuz in response to US and Israeli strikes. Stock markets mirrored the improved sentiment. European indices opened higher, with London’s FTSE 100 rising by 2.53%, France’s CAC 40 gaining 4%, and Germany’s DAX climbing nearly 5%. […]

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