Truce

• US stock futures for the Dow, Nasdaq, and S&P 500 are trending upward as the market prepares for the final trading sessions of June. • Tech stocks are leading the rebound, with specific gains noted for companies including Arm, Marvell, and Micron. • A ceasefire between the US and Iran has eased immediate fears of Middle East disruptions, though investors remain cautious about the long-term durability of the truce.

• Stock futures indicated a higher opening on Monday as technology stocks sought to rebound following a week of losses for the S&P 500 and Nasdaq. • Oil prices saw a modest increase due to geopolitical instability following a weekend of military exchanges between the U.S. and Iran. • Comcast shares surged after the company announced a strategic plan to split its business operations.

• Australian shares closed 0.7% higher on the S&P/ASX 200, driven primarily by gains in the technology and financial sectors. • The market rally followed a temporary easing of geopolitical tensions between the US and Iran, which provided immediate relief to global investors. • Indian markets mirrored this positive trend with a strong opening, signaling a broader global shift toward risk-on sentiment.

• U.S. stock futures are rising following a mixed week on Wall Street marked by a rotation of investments away from technology stocks. • Diplomatic talks between Washington and Tehran have been temporarily paused, according to a Pakistani source. • Representatives from the U.S., Iran, Pakistan, and Qatar remain stationed in Switzerland to restart discussions upon instruction.

• Indian benchmark indices extended their winning streak to a fifth consecutive session on Thursday, driven by strong buying from domestic institutional investors. • This domestic surge helped stabilize the markets by absorbing significant selling pressure from foreign investors. • The rally occurs amidst a broader financial landscape featuring a US-Iran truce and anticipation surrounding the upcoming Reliance Industries Limited (RIL) Annual General Meeting.

• Asian currency markets and the U.S. dollar remained largely muted as investors await the upcoming Federal Reserve interest rate decision. • While the Chinese yuan (USD/CNY) and Singapore dollar (USD/SGD) showed little movement, the South Korean won (USD/KRW) rose by 0.4%. • Market participants are closely monitoring the situation in the Middle East, specifically looking for further details regarding a potential truce in Iran.

While officials welcome ceasefire, many people are uncertain it will last – and return to find homes destroyedHours after the US-Iran ceasefire was announced, residents of south Lebanon began to race back to their villages. One man filmed as he drove into the entrance of Harees, his arrival interrupted as the car in front of him suddenly veered off the road. An Israeli armoured vehicle was parked in the middle of the road less than 100 metres ahead; he scrambled to turn around.“It was packed with explosives. I guess they still want to blow things up,” said Abdullah al-Ali, a municipal official in Harees. Ali added that the entrance to the town was blocked off after two other explosive-laden vehicles left by the Israelis were discovered in the area. Continue reading...

• Asian stock markets rose on Friday following news of a temporary 60-day ceasefire agreement between the U.S. and Iran. • The truce, which includes discussions regarding Iran's nuclear program, led to a decrease in energy prices and reduced economic anxiety for oil-importing nations. • Broad index gains were observed across major markets, including Japan, South Korea, Australia, China, and Hong Kong, with technology and manufacturing shares seeing a particular boost.

• A Pentagon administrative error revealed flaws in implementation of the Trump-Xi trade ceasefire agreement, according to May 7, 2026 analysis on PBS NewsHour. • The blacklist fumble suggests coordination breakdowns between US military and trade policy officials regarding China sanctions enforcement. • Michael Shepard noted that the error undermines confidence in both governments' ability to maintain the fragile truce and raises questions about enforcement mechanisms.

Latest briefings float hope of basic deal that would keep peace and free shipping while further negotiations continueMiddle East crisis – live updatesThe US and Iran are close to a temporary agreement to halt the war in the Middle East, officials in Pakistan claimed on Thursday, as diplomatic activity gathered fresh momentum after a near breakdown of the current ceasefire earlier this week.Officials on Islamabad said a very basic “interim” deal could be reached as early as this weekend and that Tehran was reviewing a US proposal. Continue reading...

Dozens killed despite ceasefire announced by Zelenskyy, after Moscow asked for Saturday truce for its annual military paradeEurope live – latest updatesKyiv has criticised Russia for attacking several Ukrainian cities overnight with more than 100 combat drones and three missiles, in spite of a unilateral 24-hour ceasefire called by Volodymyr Zelenskyy.Ukraine’s president had announced the truce after the Kremlin said it wanted a ceasefire on Saturday during its annual military parade in Red Square. He promised to reciprocate if Vladimir Putin broke Ukraine’s ceasefire, which ends at midnight on Wednesday. Continue reading...

Conflict appears to have reached painful stalemate, but leaders in Tehran and Washington seem to think victory is nearThe month-old ceasefire between Iran and the US appeared to be in new peril on Tuesday with a fresh barrage of Iranian missiles reported to have targeted the United Arab Emirates as US naval forces pressed ahead with efforts to reopen the strait of Hormuz.The Iranian strike on the UAE was the second in 48 hours, and came shortly after the US defence secretary, Pete Hegseth, insisted the shaky truce which has paused the war in the Middle East was intact, despite the new increase in violence. Continue reading...

Russian attack on gas facility in Poltava region kills three energy firm employees and two emergency service workersVolodymyr Zelenskyy has accused the Kremlin of “utter cynicism” for killing five people in overnight strikes at the same time as seeking a truce so it can stage a military parade in Moscow.Three employees of the state energy firm Naftogaz were killed in an initial attack on a gas facility in Ukraine’s central Poltava region, and two emergency service workers died at the scene in a follow-on bombing. Thirty-seven people were injured in the strikes. Continue reading...

‘Russia could cease fire at any moment, and this would stop the war,’ Volodymyr Zelenskyy said in sharp criticism of PutinUkraine’s president Volodymyr Zelenskyy has criticised Russia’s “utter cynicism” of launching more attacks on Ukraine while also calling for a short ceasefire enabling it to stage its 9 May Victory Parade in Moscow.In a post on X condemning the latest series of attacks, he said:“It is time for Russian leaders to take real steps to end their war, especially since Russia’s defence ministry believes it cannot hold a parade in Moscow without Ukraine’s goodwill.” Continue reading...

• President Trump ends 24-hour media truce sparked by White House Correspondents' Dinner incident with renewed criticisms. • Hostilities resume after one uncomfortable press question, highlighting ongoing tensions. • Occurs amid White House defenses against Democrats on political violence claims.

US president claims ‘total control’ of strait of Hormuz despite Iranian seizure of two ships and report warning it could take months to clear waterway of minesTrump claims US has total control over strait of Hormuz after Iran seizes two container shipsAnalysis: Trump may talk of regime infighting, but Iran seems united by strategy born of warHello and welcome to our live coverage of events in the Middle East.Donald Trump has ordered the US military to “shoot and kill” small Iranian boats that deploy mines in the strait of Hormuz and claimed that US minesweepers “are clearing the strait right now” amid the standoff over the key waterway.Trump said the US had “hit about 75% of our targets” in Iran and that a deal had not yet been reached because Iran was “in turmoil”. Trump added to reporters in the Oval Office that he would not use a nuclear weapon against Iran as the conflict continues without a clear end in sight.Trump also said the US had “total control over the strait of Hormuz” – a claim that has drawn scepticism in the face of Iran’s seizure of two container ships and a US report warning it could take six months to clear the strait of mines.Israel’s killing of a Lebanese journalist in a strike has been met with international outrage as Lebanon’s prime minister described the attack as a “war crime”. Amal Khalil, 43, was killed in what colleagues described as a sustained attack by Israeli forces, with rescuers attempting to dig her out of the rubble of a building also targeted and prevented from providing life-saving assistance.Iran’s president, Masoud Pezeshkian, said there were no “hardliners” or “moderates” in Iran, responding a Trump claim there was internal division in Iran’s leadership. Separately, Iran’s foreign minister, Seyed Abbas Araghchi, said Iranian state institutions “continue to act with unity, purpose and discipline”.Italian sports officials say Italy is not interested in replacing Iran at the upcoming World Cup after a suggestion to that effect by a Trump administration official. Sports minister Andrea Abodi said “it’s not a good idea” while finance minister Giancarlo Giorgetti called the suggestion “shameful”. The US said it had no objections to Iranian players participating in the Cup but they would not be allowed to bring along people with ties to Iran’s Revolutionary Guards.Pope Leo XIV urged the US and Iran to return to talks to end the war and condemned capital punishment, calling for a new “culture of peace” to replace the recourse to violence.It remained unclear if the US and Iran would hold another round of talks in Pakistan amid efforts from mediators there towards a peace deal. Continue reading...

• Iran has laid out preconditions for ceasefire negotiations with the United States, including a truce in Lebanon and the release of frozen Iranian assets before substantive talks can proceed. • The Iranian position reflects the broader regional conflict dynamics, with fighting extending beyond US-Iran direct confrontation to proxy conflicts in Lebanon and other Middle Eastern locations. • These conditions complicate already delicate negotiations in Pakistan, as the US and its allies assess whether such demands can be accommodated within broader regional security frameworks.

• US President Donald Trump announced a two-week ceasefire on April 8, 2026, ending 38 days of intense conflict between the United States, Israel, and Iran involving major military exchanges. • Iran maintained leverage over the Strait of Hormuz, a key global energy route, while the US pushed Iran to negotiations based on Tehran's 10-point framework against Washington's 15-point demands on nuclear activity and regional influence. • Israel rejected parts of the ceasefire scope and continued operations in Lebanon, prompting Iran to warn of withdrawal if attacks persist, highlighting the truce's precarious nature amid high regional tensions.

Ukrainian president says Russia unlikely to accept – ‘for them, nothing is sacred’; Australian police arrest army reservist for joining war. What we know on day 1,504Ukraine’s president has renewed his offer to Russia of a mutual ceasefire on strikes against energy infrastructure. “If Russia is ready to stop strikes on our energy infrastructure, we will respond in kind,” he said. “This proposal has been conveyed to the Russian side through the Americans.” Volodymyr Zelenskyy offered last week to observe a ceasefire for Easter, which Orthodox adherents mark on Sunday (13 April) in Russia and Ukraine.In his remarks on Monday, after an overnight attack on the Black Sea port of Odesa killed three people and injured at least 16, Zelenskyy said Russia appeared unwilling to agree to the ceasefire. “We have repeatedly proposed to Russia a ceasefire at least for Easter,” he said. “But for them, all times are the same. Nothing is sacred.”Ukrainian drones attacked the Caspian Pipeline Consortium’s oil shipping terminal in southern Russia early on Monday, damaging a mooring point and setting four oil tanks on fire, the Russian defence ministry claimed. The Ukrainian army said it had attacked a different terminal in the port of Novorossiysk – without mentioning the CPC, which did not immediately comment. The CPC pipeline handles about 1% of the world’s oil supplies, as well as about 80% of Kazakhstan’s oil exports.A reservist in the Australian army has been charged after allegedly working as a drone operator for Ukraine. The 25-year-old man from Felixstow, in the South Australian city of Adelaide, was charged by the Australian Federal Police with working for a foreign military without authorisation, the AAP news agency reported. It is the first time someone has been charged with the offence, with the man facing up to two decades in jail if found guilty. Australian laws limit the work defence personnel can perform with a foreign military, government or company without authorisation. The man allegedly travelled to Ukraine in May 2025 and returned to Australia in January 2026.A Russian ship carrying wheat believed to have sunk in the Sea of Azov after a drone attack has been found and towed to shore, Russia’s state news agency Tass said on Monday. The death toll has risen to three, it added. Crew abandoned the ship last Friday and made it to shore on Monday, according to Russian reports.Russia jailed on Monday a former governor of the Kursk border region, where Ukraine’s army broke through in 2024, for 14 years over alleged kickbacks for government contracts related to the construction of fortifications. Since August 2024, the Kremlin has gone after top regional and military officials for failing to stop the incursion – a massive embarrassment for Vladimir Putin. Alexei Smirnov, the former Kursk governor, was “sentenced to 14 years in prison and a fine of 400 million rubles [£3.8m/US$5m]”, a court statement said. Another former Kursk governor, Roman Starovoyt, who led the region until just before the Ukrainian breakthrough, died last year by alleged suicide – a fate that regularly befalls officials who run foul of the Russian president. Continue reading...

• On April 1, 2026, US Navy destroyers and Chinese warships faced off near the Spratly Islands, leading to a diplomatic breakthrough announced by Secretary of State Marco Rubio. • The agreement includes mutual de-escalation zones and joint patrols starting next month, with China committing to halt artificial island expansions for 60 days. • This averts potential conflict amid rising US-China tensions over Taiwan, boosting Asian markets by 2.5% overnight.

Ukrainian president says ceasefire could show diplomacy works, while Russia dismisses statement as ‘PR stunt’. What we know on day 1,499Volodymyr Zelenskyy has criticised Russia for responding to an offer of an Easter truce with airstrikes. The Ukrainian president said on Wednesday he had spoken to US negotiators about an Easter ceasefire but Russian forces had fired more than 700 drones – many of them Iranian-designed Shaheds – targeting parts of western and central Ukraine in a rare daytime attack. Zelenskyy said: “Russia is responding [to the Easter ceasefire offer] with Shahed drones and continues its terrorist operations against our energy sector, against our infrastructure,” adding that he had discussed ways of advancing diplomacy with US negotiators. “A silence over Easter could be exactly the signal that tells everyone that diplomacy can be successful.” Russia’s foreign ministry rejected Zelenskyy’s proposal as a “PR stunt”.The Ukraine president said talks with US mediators aimed at resolving the four-year conflict were “positive”. The talks were held remotely on Wednesday with the US special envoy, Steve Witkoff, Donald Trump’s son-in-law Jared Kushner and the US senator Lindsey Graham, with Nato’s secretary general, Mark Rutte, also joining the call amid the alliance’s continuing tensions with Washington. Zelenskyy thanked the US for its efforts to bring about peace and said the Ukrainian and US teams had agreed to strengthen a document outlining US security guarantees for any future peace deal. “This is precisely what could pave the way for a reliable end to the war.” In recent weeks Zelenskyy said the US had been pressuring Ukraine to make concessions to bring a quick end to the conflict after the US and Israel launched the war on Iran in late February. Talks with Russia are deadlocked over the question of land, with Ukraine refusing to cede to Moscow’s demands that it relinquish the eastern region of Donbas.Russia claimed to have full control of Ukraine’s Luhansk region on Wednesday, which Kyiv denied. Russia’s defence ministry claimed its forces had taken control of the entire Luhansk region – part of the Donbas – but a Ukrainian military official said small areas were still held by Ukrainian forces. Russia has previously made false claims of advances. The Russian defence ministry said in a statement: “Units have completed the liberation of the Luhansk people’s republic.” But Viktor Tregubov, a spokesperson for Ukrainian forces, said there were no changes to report in that region. “Unfortunately, we only hold small patches [in Luhansk], but those positions have been held by 3rd brigade for a long time,” Trehubov told the Associated Press. Russian claims of progress have in the past proved to be inaccurate. The Moscow-appointed head of Luhansk announced its full capture last June. Ukrainian officials have said that Moscow makes false claims of advances to persuade US negotiators a Russian victory in Ukraine is inevitable.Russia fired hundreds of drones at Ukraine, killing at least five people and destroying a postal terminal, Ukrainian officials have said. Ukraine’s Nova Poshta mailing company published an image on Wednesday of a warehouse in the western city of Lutsk in flames, with thick smoke pouring from its roof. As well firing 339 drones at Ukraine overnight, Russia launched more than 360 drones during the day, the Ukrainian air force said. One drone killed four people in the central Cherkasy region, while an earlier drone strike on a car in Ukraine’s frontline Kherson region killed a woman and badly wounded two other people, regional authorities said. Continue reading...