Towards Deal

US president briefly pauses ‘Project Freedom’ operation escorting ships through strait of HormuzBusiness live – latest updatesOil prices have eased and stock markets rallied as Donald Trump touted “great progress” towards a “final agreement” with Iran, while momentum in AI-driven trading accelerated.The US president said he would briefly pause his “Project Freedom” operation escorting ships through the strait of Hormuz, which carries about a fifth of the global oil supplies and has been blockaded by Iran since late February, triggering an energy crisis. Continue reading...

Islamabad has reportedly switched to lower-profile role but believes peace can make progress without face-to-face meetingsPakistan is passing proposals between Iran and the US to keep talks alive behind the scenes and inch towards a peace agreement, officials and experts say.Pakistani officials say that they are conscious of the fact that at stake is not only regional peace, but the health of the global economy and the livelihoods of millions of the poorest people in the world – including in Pakistan, whose monthly energy import bill has almost tripled as a result of the war. Continue reading...