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US Vice President JD Vance said Israel offered to restrain strikes on Hezbollah in Lebanon to help the Iran ceasefire succeed, but clarified Lebanon was never part of the deal, despite Iranian expectations. The fragile truce faces challenges as attacks continue in the Gulf and Lebanon, and Vance urged Iran to enter good-faith talks.
Pakistan mounted a frantic overnight diplomatic push to secure a two-week ceasefire between the US and Iran, after talks nearly collapsed following an Iranian strike on a Saudi petrochemical facility. The ceasefire, announced in the early hours of Wednesday, averts a catastrophic escalation and sets the stage for peace talks in Islamabad this Saturday.
British Prime Minister Keir Starmer concluded a Gulf tour focused on shoring up the fragile US-Iran ceasefire and reopening the Strait of Hormuz, warning there is 'a lot of work to do.' He also defended NATO's relevance to US interests, pushed back on Trump's threats to leave the alliance, and voiced firm opposition to any tolling of the strait.
Following the announcement of a two-week truce between the US and Iran, analysts cited by TASS suggest oil prices may remain elevated in the $80–90 per barrel range for several weeks before a gradual decline, depending on the truce's durability and the speed of supply recovery. Market watchers also note a divergence between physical and futures prices, with a premium exceeding $30 per barrel, as buyers may increase purchases during the truce window.
A fragile ceasefire between the US and Iran has reopened the Strait of Hormuz, but experts warn that oil prices and global energy markets will take years to recover. Logistical bottlenecks, damaged infrastructure, and soaring insurance costs continue to keep the crisis alive.
Following a two-week ceasefire between the US and Iran, the first vessels have begun transiting the Strait of Hormuz, but traffic remains far below pre-conflict levels. Reports indicate that most early crossings involved Iran-linked ships, while many commercial operators remain cautious due to security warnings and unclear transit conditions.
Pakistan announced that the US and Iran agreed to a two-week ceasefire, effective immediately, with a follow-up round of talks scheduled in Islamabad. The announcement has been met with both cautious optimism and disputes over the scope of the agreement, particularly regarding Lebanon. Iran has welcomed the ceasefire while affirming its participation in peace talks.
Israel has backed a US-Iran ceasefire but insists it does not extend to Lebanon, where strikes continue. The truce, brokered by Pakistan, has drawn mixed reactions domestically, with polls showing Israeli public opposition and analysts pointing to Israel's perceived weakened position.
Hours after the US and Iran announced a two-week ceasefire, several Gulf nations reported missile and drone attacks on their territories. Saudi Arabia also said its oil production capacity had been reduced by about 600,000 barrels per day due to attacks on energy facilities, while restoring key pipelines.
Russia and China blocked a Bahraini-drafted UN Security Council resolution on navigation safety in the Strait of Hormuz, arguing it would escalate tensions and undermine peace efforts. The two nations proposed an alternative draft focused on dialogue and peaceful settlement, drawing praise from Iran.
The United States and Iran have agreed to a conditional two-week ceasefire, brokered by Pakistan, halting 40 days of US-Israeli attacks on Iran. The deal, which includes the temporary reopening of the Strait of Hormuz, comes hours after President Trump threatened to obliterate Iranian 'civilisation'. Both sides claim victory, but disagreements over the deal's scope, particularly regarding Lebanon, and dueling versions of Iran's 10-point proposal cast doubt on the truce's durability.
The United States and Iran agreed to a two-week ceasefire shortly before a US deadline expired, with Tehran accepting temporary safe passage through the Strait of Hormuz. Pakistani Prime Minister Shehbaz Sharif and military leaders mediated the pause, with talks planned in Islamabad. Both sides have framed the truce as progress while differing on longer-term terms including control of the waterway.
Global oil prices fell sharply after President Trump announced a two-week ceasefire between the US and Iran, pending the safe reopening of the Strait of Hormuz. While markets reacted with relief, analysts caution that consumer prices and long-term stability remain uncertain.
Russia and China vetoed a UN Security Council resolution aimed at reopening the Strait of Hormuz, with 11 votes in favor and two abstentions. The resolution, sponsored by the US and Gulf states, sought to address Iran's blockade of the strategic waterway, which has disrupted global oil shipments.
US President Donald Trump's deadline for Iran to reopen the Strait of Hormuz expires Tuesday night, with Trump warning that a 'whole civilization will die tonight' if no deal is reached. Pakistan's prime minister has requested a two-week extension, while China vetoed a UN resolution on the strait.
Cecile Kohler and Jacques Paris, two French nationals held in Iran since May 2022 on espionage charges, have returned to France following their release from Evin prison in November. Their return was announced by President Emmanuel Macron, who thanked Oman for mediation efforts, and comes amid regional tensions following US-Israeli strikes on Iran.
The African Export-Import Bank (Afreximbank) has approved a $10 billion emergency facility to help African and Caribbean economies cope with the economic fallout of the conflict in the Middle East. The Gulf Crisis Response Programme (GCRP) will provide short-term foreign exchange and liquidity support, sustain essential imports, and help exporters capitalize on shifting trade routes. The initiative underscores Afreximbank's role as a key crisis-response lender for the continent.
US President Donald Trump warned Iran that 'a whole civilization will die tonight' if Tehran does not reopen the Strait of Hormuz by his deadline. The threat drew condemnation from Pope Leo and raised international law concerns, as the US and Israel continued strikes on Iranian infrastructure. A two-week ceasefire was later announced.
Iran has proposed a 10-point peace plan to end the US-Israeli war, according to multiple reports, but President Trump called the proposal a 'significant step' that is 'not good enough.' The plan, which would require the US to accept Iran's uranium enrichment program and lift all sanctions, faces a Tuesday deadline for Tehran to reopen the Strait of Hormuz.
Experts and UN officials say President Trump's threats to destroy Iran's civilian infrastructure could constitute war crimes under international law. While Trump and his UN ambassador argue such attacks are justified due to dual-use purposes, legal scholars warn of severe violations and the dilemma facing US military officers.