Ceasefire

Domestic flights cost 26.5% more than last year, data shows, amid demand for travel and reduced oil refining capacityEven if a lasting ceasefire between the US and Iran lowers oil prices, travelers hoping to snag cheaper airfare should buckle their seatbelts and expect continued turbulence.US domestic airfares are 26.5% higher than a year ago, according to June’s consumer price index data, and analysts say prices globally are up 25-30% compared with 2025. Continue reading...

Optimism echoes Trump’s claims on Monday that deal is close as mediators say they are exchanging proposals Middle East crisis live – latest updatesUS and Qatari officials have said progress is being made in restoring a ceasefire in the US-Iran war and reopening the strait of Hormuz.The optimistic speculation on Tuesday brought oil prices down 2%, but the strait remained closed to shipping and a cargo vessel was reportedly struck by an unidentified projectile off Oman’s coast close to the strait. Continue reading...

• Indian equity markets rallied at the start of the week, with the Sensex opening up approximately 470 points (0.62%) to 76,530.15 and the Nifty rising to 23,825.25. • The positive momentum was signaled by the GIFT Nifty, which traded at 23,931, marking a 124-point increase. • This recovery follows a volatile week of selling pressure and is driven by improved investor sentiment after the US and Iran paused military strikes.

• The US Central Command conducted airstrikes for the ninth consecutive night, targeting Iranian missile sites, air defense systems, and military command centers. • Supreme Leader Ayatollah Khamenei dismissed the interim ceasefire deal signed by Donald Trump as "worthless and invalid," while Iranian negotiators announced the suspension of their commitments. • The conflict escalates as Tehran rejects the current terms, signaling a breakdown in the immediate truce and increasing regional instability.

At least 14 people are killed in Iran in overnight attacks after Trump declared the agreement was ‘over’Middle East crisis live – latest updatesThe US launched airstrikes against Iran overnight on Thursday, killing at least 14 people, while Tehran responded by hitting Gulf countries in the most intense exchange of fire since a shaky ceasefire was extended last month.The tit-for-tat strikes on Thursday were the largest since Tehran and Washington signed a memorandum of understanding on 17 June aimed at extending the ceasefire and giving space for negotiations for a permanent truce. Continue reading...

• New Zealand Prime Minister Christopher Luxon detailed the strategic partnership between India and New Zealand in an exclusive interview with The Indian Express. • Luxon identified economic, defense, security, and people-to-people ties as the three primary pillars supporting the relationship between the two nations. • The Prime Minister highlighted a global geopolitical "inflection point," noting a shift from a rules-based multilateral system to a power-based multipolar system.

• Donald Trump announced that the ceasefire with Iran is "over" following a series of new attacks. • Despite the termination of the ceasefire, Trump indicated that diplomatic negotiations may still continue. • Internal conflict is rising within the Maine Democratic Party regarding Graham Planter.

• President Trump declared the ceasefire "over" following a series of exchange attacks between the United States and Iran. • The conflict centers on the Strait of Hormuz, a critical maritime waterway that previously handled 20% of global oil shipments. • Despite the escalation, Trump stated that negotiators may continue discussions regarding maritime traffic, though he described dealing with Iranian officials as a "waste of time."

• The US has launched a new round of airstrikes against Iran, following a statement from Donald Trump that the previous ceasefire is now "over." • US Central Command stated the operations aim to degrade Iran's ability to threaten freedom of navigation within the Strait of Hormuz. • Iranian state media (IRNA) reported approximately 10 explosions in the coastal cities of Konarak and Chabahar, with the latter experiencing significant power outages.

• Former President Donald Trump declared that the ceasefire with Iran has ended during a major announcement at the NATO Summit. • The statement was made in response to journalist inquiries regarding whether the previous ceasefire and the associated 14-point Memorandum of Understanding (MoU) are now "dead." • This shift follows recent U.S. strikes, signaling a significant escalation in tensions and a departure from previous diplomatic agreements.

• Wall Street stock futures declined as investors grew skeptical about the stability of a ceasefire between the United States and Iran. • Rising geopolitical tensions have triggered a market shift, increasing demand for safe-haven assets such as U.S. Treasuries. • The slide reflects growing investor anxiety that renewed conflict in the region could destabilize global markets and energy prices.

Hostilities between US and Iran resume as US president lashes out at ‘vicious, violent people’. Plus the fall out from the USMNT’s exit from the Fifa World CupGood morning. Hostilities have resumed between the US and Iran. Tehran accused the US of violating the agreement intended to end the war, after the US military launched strikes around the strait of Hormuz and revoked a temporary sanctions waiver for Iranian oil exports. The attacks were the latest in a string of ceasefire violations by the two sides despite a truce that came into effect in April, and have led to an immediate 3% rise in oil prices.Speaking at the Nato summit in Ankara, Donald Trump said the memorandum of understanding with Iran was over and called the country’s leaders “vicious, violent people” who he would not deal with because they were, in the US president’s words, “scum”. He nevertheless appeared to indicate that talks would continue. Nato’s ⁠secretary general, Mark Rutte, backed the US attacks, saying: “When you ​have ‌a ‌ceasefire and Iran ‌is basically violating the ceasefire, I think it is ‌totally crucial that the ​US forcefully react.”What occurred to break the fragile ceasefire? The US military said that it hit more than 80 targets in the early hours of Wednesday in response to Iranian attacks on three commercial vessels that were ⁠passing through the strait of Hormuz on Tuesday. Iran responded by launching attacks on US military sites in Bahrain and Kuwait. The Islamic Revolutionary Guard Corps said 85 facilities had been targeted.How could Democrats replace Platner? It is possible for Democrats to select a new Senate nominee in Maine, but the clock is ticking. To have a new candidate on the ballot for November’s midterm elections, Platner needs to end his campaign by 5pm ET on 13 July, according to state law. That would give the Democrats a two-week window – until 5pm ET on 27 July – to pick a replacement. Continue reading...

• A commercial oil tanker caught fire after being struck by a projectile while transiting the Strait of Hormuz off the coast of Limah, Oman. • The British military reported the incident on Monday, though no injuries were reported following the attack. • The strike occurs during a period of high tension and a fragile ceasefire between the U.S. and Iran, threatening regional stability.

President calls Iranian leadership ‘scum’, rails against alliance, repeats demand for Greenland and threatens SpainMiddle East crisis live – latest updatesEurope live – latest updatesDonald Trump has declared that the ceasefire with Iran is over as he arrived at the Nato summit in Ankara, launching an angry broadside in which he complained about the military alliance and repeated his demand for GreenlandThe US president, sitting alongside the Nato secretary general, Mark Rutte, called Iran’s leadership scum and “sick people”, and added that he was very upset with the alliance and even threatened to cut off all trade with Spain in a row over defence spending. Continue reading...

Holiday operator says market in good shape, with strong recent recovery in bookings across all destinations as customers take the plungeBusiness live – latest updatesSummer holiday bookings have bounced back recently after the fragile ceasefire in the Middle East, the package holiday operator Jet2 has said.The company, which flies about 20 million people every year, said its summer bookings are up by 7.1% compared with this time last year and the average load factor – which measures its available seating capacity filled with paying passengers – is up 1.2 percentage points. Continue reading...

• The United States and Iran have exchanged military strikes in the Gulf region, escalating tensions between the two nations. • Oil prices have surged following U.S. attacks on Iran, specifically targeting areas related to shipping in the strategic Strait of Hormuz. • These geopolitical developments are currently driving market volatility as investors await the release of the Federal Reserve's meeting minutes.

• In February 2026, President Trump launched military strikes against Iran with the stated goals of annihilating the Iranian navy and destroying the nation's missile sites and program. • The US intervention specifically aims to prevent Iran from developing nuclear weapons, addressing long-standing security concerns regarding the region's nuclear proliferation. • These escalations occur amidst broader tensions involving US sanctions and strategic disputes over the Strait of Hormuz, a critical global shipping lane.

• Between June 26 and 29, a volatile escalation occurred in the Hormuz corridor as Iran attacked a cargo ship and a tanker, while the US struck ten Iranian targets. • The conflict intensified when the IRGC launched ballistic missiles at US bases in Kuwait and Bahrain, resulting in the death of one Qatari citizen on June 28. • The incident highlighted a critical vulnerability in the existing ceasefire, which lacked a formal mechanism to prevent total escalation during active hostilities.

• Iranian Parliament Speaker Mohammad Bagher Ghalibaf warned the United States in a televised interview on Tuesday that Iran will "definitely react" to recent events in the Persian Gulf. • Ghalibaf characterized these recent developments as a direct violation of the existing understanding intended to end the conflict in the region. • The statement highlights escalating tensions between Iran and the U.S., suggesting that ceasefire breaches could lead to a cycle of retaliatory actions from both sides.

• The Dow Jones Industrial Average hit a record high, while the S&P 500 and NASDAQ also rose, driven by AI optimism and a US-Iran ceasefire. • This surge follows a record close for the Dow on Monday, reflecting investor confidence in resilient technology stocks and improving global conditions. • The trend is significant as it sets a positive momentum for Wall Street entering the second half of the year, though analysts still advise portfolio diversification.

• U.S. envoys Marco Rubio and Steve Witkoff are scheduled to fly to the Middle East to engage in fresh peace talks aimed at stabilizing the region. • The diplomatic mission comes as the existing ceasefire between Iran and the U.S. is reportedly at a breaking point, risking a return to open conflict. • These negotiations are critical to preventing a wider war and addressing the escalating tensions that threaten global security and economic stability.

• U.S. stock index futures rose late Sunday following reports that the United States and Iran have agreed to suspend military hostilities. • The market surge is driven by hopes that both nations will resume diplomatic negotiations, reducing geopolitical tensions in the region. • This development matters as it eases investor anxiety over potential conflict, which had previously pressured global financial markets.

• Asian currencies remained steady as traders monitored the stability of a fragile ceasefire in Iran and prepared for a high-volume week of economic data. • Investors are focusing on a dense regional calendar featuring China’s manufacturing activity, Japan’s Tankan business survey and PMI readings, and inflation data from Indonesia. • Additional key reports are expected from South Korea regarding trade and industrial output, as well as India’s industrial production figures.

• Iran launched missiles and drones targeting U.S. military bases in Bahrain and Kuwait following recent U.S. strikes on Iran's southern coast. • The attacks signal a breakdown of the ceasefire in the strategically critical Strait of Hormuz, escalating tensions between the two nations. • Oman’s foreign ministry has officially condemned the violence, urging both sides to prioritize diplomacy and restraint to prevent further regional instability.

• Dalal Street investors are monitoring a combination of domestic economic indicators and global geopolitical developments as the new trading week begins. • Market sentiment is expected to be driven by the fallout from recent military exchanges between the US and Iran, alongside fluctuating crude oil prices. • Analysts suggest that the overall direction of the stock market will depend heavily on how Middle East tensions evolve and their subsequent impact on energy costs.

• On June 28, 2026, Donald Trump issued a stern warning to Iran, stating the U.S. would "complete the job" if the current ceasefire is breached. • Natural disasters struck two regions as a 6.1-magnitude earthquake rattled Japan's northeastern coast and a 5.6-magnitude quake hit Venezuela shortly after previous disasters. • In diplomatic developments, Marco Rubio commented on the possibility of a future visit by Trump to India, signaling ongoing geopolitical engagement.

• A ceasefire between the U.S. and Iran is facing a critical test following new attacks in the Strait of Hormuz on Friday. • The instability occurs shortly after Secretary of State Marco Rubio and ambassadors from Israel and Lebanon announced a "framework deal" between those nations. • Mideast expert Paul Salem is analyzing the situation to determine if the fragile ceasefire can survive these latest escalations.

• A commercial ship in the Strait of Hormuz was targeted in a suspected drone attack, which is widely attributed to Iranian forces. • The incident occurs amid a fragile ceasefire and heightened regional tensions, threatening the stability of critical global shipping lanes. • This escalation tests the durability of U.S. diplomatic efforts and security arrangements intended to prevent a broader conflict in the Middle East.