Brent crude oil dropped to $93 a barrel after Trump ceasefire announcement and Iran’s pledge to reopen strait of Hormuz under its managementMiddle East crisis – live updatesFull report: US and Iran agree to provisional ceasefire with Tehran saying it will reopen strait of HormuzOil prices plunged by almost 15% after Donald Trump held off on his threat to bomb Iran into “the stone ages” on Tuesday night, and Iran’s foreign minister said passage through the strait of Hormuz would be allowed for the next two weeks under the management of its military.With just over an hour until his deadline was due to pass, the US president said he was holding off on threatened attacks on Iran, subject to Tehran agreeing to a two-week ceasefire and reopening of the strait of Hormuz. Continue reading...
Oil prices plunge and stocks jump after Trump announces conditional ceasefire with Iran
Brent crude oil dropped to $93 a barrel after Trump ceasefire announcement and Iran’s pledge to reopen strait of Hormuz under its management Middle East crisis – live updates Full report: US and Iran agree to provisional ceasefire with Tehran saying it will reopen strait of Hormuz Oil prices plunged by almost 15% after Donald Trump held off on his threat to bomb Iran into “the stone ages” on Tuesday night, and Iran’s foreign minister said passage through the strait of Hormuz would be allowed for the next two weeks under the management of its military. With just over an hour until his deadline was due to pass, the US president said he was holding off on threatened attacks on Iran, subject to Tehran agreeing to a two-week ceasefire and reopening of the strait of Hormuz. Continue reading...
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Keir Starmer welcomes Iran war ceasefire as he heads to Gulf to meet regional leaders – UK politics live
PM to meet partners in region to discuss effort to ‘support and sustain ceasefire’ and reopening the strait of Hormuz James Cleverly, the shadow housing secretary and a former foreign secretary, told Sky News this morning that Donald Trump’s threat yesterday to wipe out Iranian civilisaton was not “appropriate”. Asked about the comment, Cleverly said: This is not language that we would use. I don’t think that that is appropriate language even in a situation like this. But look, we know that President Trump uses incredibly ostentatious, hyperbolic language. We recognise that it’s not the position that a Conservative leader, whether it be Kemi or a foreign secretary, would take. The Scottish Conservatives’ two flagship tax proposals are significant cuts to income tax and business rates. Together, the party estimates that these would cost £3.7bn a year by the end of the parliament in 2031–32. Over £2bn a year of additional spending on a range of priority areas takes the total cost of ‘new measures’ to around £6bn a year by 2031–32. It is welcome that these costs are set out clearly in a costings document. But these are big tax cuts and spending increases – equivalent to almost 10% of current forecasts for Scottish government day-to-day spending in 2031. While specific cuts to disability benefits have been identified to pay for around a third of the £6bn package, history suggests there is a significant risk that the amount saved from these cuts would be lower than the £2.1bn a year pencilled in by 2031–32. The almost £4bn a year expected from various measures to reduce back-office, administration and civil service costs is very large relative to existing budgets – and relative to what Reform UK said it would aim to save from such measures … Continue reading...
JD Vance continues Hungary visit after accusing EU of election interference – Europe live
US vice-president has repeatedly endorsed Viktor Orbán ahead of key election on Sunday For his speech in Budapest – about to start any moment now – JD Vance will be welcomed at the Mathias Corvinus Collegium by its chair, Balázs Orbán, who also just happens to be the political director in Viktor Orbán’s office (otherwise, no relation). The discussion will be chaired by the MCC’s director general, Zoltán Szalai. Continue reading...
Middle East crisis live: Iran war ceasefire doesn’t include Lebanon, says Israel
Pakistan’s PM had said the ceasefire would cover Lebanon; IDF ‘continues fighting and ground operations’ against Hezbollah US and Iran agree to provisional ceasefire with Tehran saying it will reopen strait of Hormuz Iran war ceasefire announcement – what we know so far A genocidal threat, and then the US president, Donald Trump, blinked – without any apparently meaningful concessions from Iran. As in so much concerning the second Trump administration, the two week ceasefire “deal” that will see the strait of Hormuz reopened – if it can be described as such – is maddeningly vague and short on detail, apparently kicking the can on key issues down the road. Iran’s nuclear issue, Trump said, would be solved “perfectly.” “It was a big day for world peace”, Trump posted on Truth Social. “Iran can start reconstruction” he added. “Big money” could be made. Yada. Yada. Yada. Continue reading...
Israel says operations in Lebanon to continue despite Trump’s ceasefire
Israeli military announces further action against Hezbollah, contradicting statements from Pakistan and Iran Middle East crisis – live updates Israel said its military operations in Lebanon would continue despite Donald Trump’s ceasefire announcement, with Israeli forces carrying out strikes and telling civilians in the south of the country to leave the areas they are targeting. The office of the Israeli prime minister, Benjamin Netanyahu, said that Trump’s two-week pause “does not include Lebanon” amid reports of continued artillery and drone strikes, directly contradicting statements made by Iran and Pakistan, which has been mediating in the conflict. Continue reading...