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US President Donald Trump announced that ships are starting to move through the Strait of Hormuz following a preliminary US-Iran deal, but ship-tracking data shows only a handful of vessels have transited, with hundreds still waiting. The reopening faces security concerns such as mines and tolls, while shipping operators and seafarers' advocates remain cautious.
Iranian state media reported a ceasefire deal with the US that includes the initial unfreezing of $12 billion in assets, but experts quoted by The Jerusalem Post expressed doubt. President Trump said Iran will receive no money, and a separate report indicates the deal may include sanctions relief and a 60-day negotiation period.
World leaders and regional ministers have welcomed the US-Iran agreement, mediated with significant contributions from Pakistan and Qatar, which includes a permanent ceasefire and reopening of the Strait of Hormuz. The Islamabad Memorandum of Understanding is seen as a diplomatic breakthrough, with praise for Pakistan's instrumental role.
The US and Iran have announced a tentative peace agreement, with the reopening of the Strait of Hormuz expected after the deal is signed on Friday. While some lawmakers welcome the move, others express concerns over the lack of details and the need for strict oversight.
A nine-year-old Australian girl, Hania Ahmed, was fatally shot by police in Chakwal, Pakistan, after officers mistook her family's car for that of robbery suspects. The family had been robbed at gunpoint, and the girl's father and brother were injured. The officer involved has been arrested, and an investigation is underway.
Stock markets around the world surged and oil prices dropped following the announcement of a deal between the US and Iran to end the US-Israel war on Iran and reopen the Strait of Hormuz. The S&P 500 and Nasdaq posted significant gains, while Brent crude fell sharply, reflecting hopes for restored stability in energy supply chains.
Diplomatic talks between the United States and Iran have produced a framework agreement including oil export waivers and asset releases, even as Israeli military operations in Lebanon and exchanges of fire with Iran threaten the process. Israeli leaders have rejected any requirement to withdraw from southern Lebanon, drawing public criticism from President Trump. Multiple outlets report the conflict has entered its fourth month with ceasefire arrangements under severe strain.
Spain, the reigning European champions, face Cape Verde in their opening Group H match at the 2026 World Cup in Atlanta. Lamine Yamal is on the bench as he recovers from a hamstring injury, while Tunisia has fired its coach after a heavy defeat.
South Korea and Saudi Arabia have signed a memorandum of understanding to cooperate on energy resources, including crude oil, natural gas, and infrastructure. The agreement, announced after bilateral meetings between ministers, aims to secure stable supply chains amid global volatility. Separate discussions with Saudi Aramco focused on strategic oil storage and petrochemical supply.
Qatar earned a historic 1-1 draw in their World Cup opener against Switzerland in San Francisco, with Boualem Khoukhi scoring in stoppage time to earn the Asian champions their first point in the competition. The late goal denied Switzerland, who had dominated possession and led through a Breel Embolo penalty.
US President Donald Trump is set to meet Indian Prime Minister Narendra Modi separately during the G7 summit in Evian, France, according to senior US administration officials. The meeting, expected to discuss a bilateral trade pact and regional issues, marks their first interaction since February 2025.
As the Socceroos prepare for their World Cup opener against Türkiye, coach Tony Popovic has signed a contract extension and embraced his team's underdog status. Captain Hakan Çalhanoğlu's pre-match confidence was met with a 2-0 Australian victory, silencing critics and setting up a promising tournament campaign.
The US Justice Department has approved Paramount Skydance Corp's $110 billion acquisition of Warner Bros. Discovery after an eight-month review, saying the deal is unlikely to harm competition. The merger faces ongoing scrutiny from EU regulators and the UK, and has drawn criticism from industry figures concerned about consolidation and political connections.
Pakistan's recent mediation between the US and Iran showcases its growing role in international diplomacy, with analysts highlighting the legal significance. A senior security official also credited Field Marshal Asim Munir and Saudi Arabia's restraint for averting a major regional war, while separately addressing India's alleged treaty violations.
Elon Musk's net worth crossed the trillion-dollar mark after SpaceX's stock market debut on the Nasdaq, making him the world's first trillionaire. The IPO raised $75 billion, and shares closed up over 19% on the first day. The milestone has sparked debate about wealth inequality and the concentration of wealth among the ultra-rich.
Pakistani Prime Minister Shehbaz Sharif announced that a final text of a US-Iran peace deal has been reached, with details including the dismantling of Iran's nuclear program and reopening of the Strait of Hormuz. The signing is expected soon, though Iran's foreign ministry has cautioned against confirming a specific date. Pakistan has played a key mediating role, with its army chief credited for keeping negotiations alive.
The U.S. and Iran have signed a memorandum of understanding to end hostilities, lifting blockades and setting the stage for nuclear talks. The deal, reached after a months-long war that failed to achieve either side's goals, has been met with relief and skepticism, with Israel watching from the sidelines.
SpaceX's record-breaking IPO on the Nasdaq has raised over $75 billion and pushed Elon Musk's net worth past the trillion-dollar mark. The debut saw shares jump 11% on the first day, though subsequent trading saw volatility as shares dipped below the debut price before recovering. Analysts remain skeptical about the company's ambitious revenue projections.
US President Donald Trump announced a potential peace deal with Iran that could be signed as early as this weekend in Europe, potentially reopening the Strait of Hormuz. The announcement comes after he cancelled planned military strikes on Iran, though Tehran's foreign ministry says nothing has been finalised.
The US National Oceanic and Atmospheric Administration has confirmed El Niño has formed in the Pacific Ocean, with a 63% chance it could become one of the strongest events on record. Scientists warn it will likely intensify extreme weather globally, with varying regional impacts.