🕊️ Israel–Iran Ceasefire & Renewed Tensions
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Temporary Truce Declared: U.S. President Trump announced a “complete and total” ceasefire between Israel and Iran, calling it his “great honor” to broker peace after a 12-day military exchange
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Ceasefire Violations Emerge:
Despite the formal ceasefire, each side promptly accused the other of crossing the line. Iran reportedly launched missiles around Be’er Sheva—killing at least four residents—while Israel conducted airstrikes on Tehran’s radar and military infrastructure Diplomatic Reactions: Iranian President Masoud Pezeshkian indicated Iran would uphold the ceasefire “as long as Israel does,” and some NATO and EU leaders cautiously welcomed the truce, though they warned that it remains fragile
📈 Market & Regional Fallout
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Oil & Stocks React:
Oil prices fell sharply—WTI dropped ~3.2% to $66.30/barrel, Brent fell ~3.4% to $69.08—while U.S. stock futures climbed following ceasefire news
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Broader Political Context: In Israel, leaders are now prioritizing the Gaza conflict, pushing for a full resolution, including hostage releases, amid calls for renewed military efforts against Hamas
🌍 Other Major Headlines
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Gaza Tensions Persist:
Reports indicate that Israeli strikes in Gaza have killed approximately 46 civilians near aid convoys—a continuing humanitarian concern Nuclear Debate Intensifies: Trump claimed Iran’s nuclear weapons capability had been “obliterated,” but experts cautioned this setback might be temporary, likening it to “mowing the lawn”—a metaphor for short-lived disruption
🧭 Takeaway
This ceasefire marks a critical pause in hostilities, yet violations from both sides have already emerged. Market relief is evident, but regional and humanitarian risks—especially in Gaza—remain high. The key question now: can diplomacy hold long enough for a lasting peace?
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