Middle

• European shares reached a new record close, with the Stoxx 600 index hitting record highs in three of the last four trading sessions. • Strong corporate earnings helped offset market volatility and investor uncertainty stemming from ongoing tensions in the Middle East. • While most regional benchmarks remained muted or trended lower, Spain’s IBEX index bucked the trend with a 0.2 per cent increase.

• The Israeli military has ordered residents in southern Lebanon to evacuate for the first time in weeks, alleging that the Iranian-backed Hezbollah has committed a "blatant violation" of the current ceasefire. • Diplomatic efforts to resolve the situation were disrupted, with a State Department official reporting that the second day of talks ended prematurely due to escalating events on the ground. • This development signals a fragile security environment in the region and threatens to derail recent attempts to maintain a cessation of hostilities.

While Trump suggests deal could come as soon as today, Iran indicates that ongoing talks with Oman would not lead to its immediate reopeningHello and welcome to our live coverage of the Middle East.US officials, including Donald Trump, have said a deal over the strait of Hormuz could be reached today, with continued diplomatic efforts potentially paving the way for US-Iran talks to resume.The possible agreement between Iran and Oman on arrangements for vessels to pass through the strait of Hormuz has nothing to do with the immediate opening of the strait. Negotiations regarding arrangements for vessel traffic through the strait of Hormuz are purely Iranian-Omani and have no connection to the United States. If US violations continue, the strait of Hormuz will not open even with an agreement between Iran and Oman. The opening of the strait of Hormuz depends on a change in behaviour and correction of US violations. Continue reading...

• The Dow Jones Industrial Average and S&P 500 closed at record highs, with all three major US indices ending the session higher. • Market gains were primarily driven by strong earnings reports from AI-linked companies and investor optimism regarding potential deals in the Middle East. • This surge reflects continued investor confidence in the artificial intelligence sector's ability to drive corporate growth and economic stability.

• The Middle East is shifting toward "Energy Redundancy Diplomacy," a strategy focused on maintaining energy production, financing, and exports through multiple interchangeable systems. • This approach aims to ensure stability by creating backup infrastructures that can be activated when geopolitical disruptions occur. • The strategy matters because it enhances a state's strategic capacity to withstand shocks and maintain global energy supplies despite regional instability.

• Asian stock markets rose on Wednesday, driven by a surge in tech stocks following strong second-quarter results and an increased revenue forecast from Palantir. • The market rally occurred as investors reacted to easing concerns regarding artificial intelligence trends and geopolitical tensions in the Middle East. • Global financial focus shifted toward central bank policy decisions, specifically those from the U.S. Federal Reserve, the Bank of England, and the Bank of Japan.

Foreign ministry says efforts to reach resolution between the US and Iran were continuing despite conflicting statements from Trump and TehranHello and welcome to our live coverage of the Middle East.Qatar’s foreign ministry said efforts to reach a diplomatic solution between the US and Iran were “ongoing”, despite conflicting statements from Tehran and Washington over whether negotiations had resumed. Continue reading...