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The United States and Iran have agreed to pause mutual attacks 'for now' and renew talks in Doha, Qatar, to resolve their dispute over the Strait of Hormuz. The agreement, reported by several outlets citing senior U.S. officials and Axios, comes amid recent escalation and technical negotiations continue, with Iran seeking management rights and the U.S. prioritizing free traffic through the strategic waterway.
The South Korean won has plunged to its weakest level in 17 years against the U.S. dollar, driven by foreign investors selling off local stocks and renewed Middle East tensions. The currency has fallen nearly 6% this year, with the exchange rate breaching 1,500 won per dollar.
South Korean stocks slipped Monday as renewed U.S.-Iran tensions and rising oil prices fueled caution, with tech shares leading declines. The KOSPI fell 16.56 points to close at 8,394.65, while the won weakened against the dollar. Analysts noted the ceasefire agreement helped ease near-term risks but lingering uncertainty persists.
South Korean stocks closed lower on Monday as renewed U.S.-Iran tensions and rising oil prices fueled investor caution, with tech shares leading declines. The KOSPI fell 0.2 percent, while Samsung Electronics and SK hynix dropped sharply before paring losses on investment news.
French President Emmanuel Macron welcomed Oman's Sultan Haitham bin Tariq for talks focused on securing the toll-free reopening of the Strait of Hormuz, as both leaders called for free navigation through the strategic waterway. The discussions build on a joint Franco-British agreement with Oman to restore safe transit, with the broader Multinational Military Mission poised to support the effort.
The United States and Iran have agreed to pause attacks and allow vessels to move freely through the Strait of Hormuz, according to a US official. Technical talks on the memorandum of understanding are set to resume on Tuesday in Qatar, following a weekend of tit-for-tat strikes that threatened the interim deal.
South Korean stocks opened lower on Monday as investor sentiment was weighed down by uncertainty over U.S.-Iran relations. Reports from Yonhap News give differing KOSPI figures, with declines ranging from 1.08 percent to 2.11 percent, and cite renewed oil price concerns and major chipmaker investment plans as additional factors.
Iran launched drone and missile attacks on Bahrain and Kuwait following new US airstrikes, and warned of a 'complete halt' in negotiations if attacks continue. The escalation comes amid efforts to reopen the Strait of Hormuz, where security threats have been raised to 'substantial'.
Renewed US-Iran hostilities, including missile exchanges and attacks on shipping in the Strait of Hormuz, have left global markets unsettled. Despite the tensions, US stocks saw mixed sessions, with tech shares and oil prices experiencing volatility. ASX futures are pointing to a marginal gain on opening.
Iranian Foreign Minister Abbas Araghchi warned that attempts to bypass agreed routes through the Strait of Hormuz would increase tensions, as US and Iranian forces exchanged attacks. The UN shipping agency rejected Iran's sovereignty claim over the waterway, while observers noted a sharp decline in crossings amid the dispute.
The IDF has conducted attacks in Lebanon, Syria, and Gaza despite a broad ceasefire, signaling a shift in targeting strategy. Simultaneously, the military is pioneering a new 'targeting cell' officers' course that integrates artificial intelligence and ethics training, reflecting lessons learned from recent conflicts.
Iraqi security forces arrested at least 47 officials, including members of parliament, in a dawn raid targeting corruption. The operation, which drew on testimony from a detained deputy oil minister, comes as Prime Minister Ali al-Zaidi prepares for a visit to Washington.
Iraqi security forces have arrested several politicians and senior officials in anti-corruption raids in Baghdad's Green Zone. The crackdown, led by Prime Minister Ali al-Zaidi, has uncovered large sums of cash, and the resumption of US dollar transfers to Iraq has been confirmed.
Pakistan's petroleum minister says the country is considering purchasing cheaper Iranian oil and gas after a temporary easing of US sanctions on Tehran. Analysts note local refineries are technically capable of processing Iranian crude but face commercial challenges, while the government has announced significant cuts in petrol and diesel prices.
The US and Iran have signed a 14-point memorandum of understanding to halt active hostilities, with a 60-day window for formal negotiations. The deal, mediated by Pakistan and Qatar, lifts the US naval blockade and reopens the Strait of Hormuz, but analysts remain divided on whether it represents a genuine step toward peace or a temporary intermission.
A helicopter operated by Saudi state oil giant Aramco crashed in Ras Tanura, eastern Saudi Arabia, killing all 14 Saudi citizens on board. The Saudi Press Agency reported the incident and said an investigation is underway. Aramco had resumed crude oil loadings at the nearby terminal on Friday after a nearly four-month pause.
A helicopter belonging to Saudi oil giant Aramco crashed on Sunday in Ras Tanura, killing all 14 Saudi nationals on board. The crash comes as Aramco resumed crude oil loadings at the terminal after a nearly four-month halt, with investigations underway to determine the cause.
The Council of Europe has adopted a resolution calling for a moratorium on the death penalty in Iran, following a report by German parliamentarian Max Lucks. The resolution also urges the release of detained protesters and criticizes the US-Iran Memorandum of Understanding for failing to address human rights issues.
The United States and Iran have exchanged new rounds of strikes, threatening a fragile ceasefire and raising concerns about the stability of the Strait of Hormuz. Both sides blame each other for violating the interim agreement, while diplomatic efforts to de-escalate continue.
IDF Chief of Staff Lt.-Gen. Eyal Zamir and CENTCOM chief Admiral Brad Cooper met recently, focusing mainly on Iran but also influencing the Lebanon ceasefire deal. The meeting addressed tactical coordination on Iran and detailed IDF withdrawal plans from southern Lebanon, with both sides managing disagreements over strategy.