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Markets Reel as Trump Signals Intensified Iran Strikes, Dimming Hopes for Quick Resolution

U.S. President Donald Trump gestures after delivering an address to the nation about the Iran war at the White House. Tensions in the Middle East escalated further after U.S. President Donald Trump vowed to intensify military operations against Iran over the next two to three weeks, a declaration that rattled global markets and dashed hopes for a swift end to the conflict.  Oil prices surged sharply following the speech, with Brent crude jumping around 5–6% as investors reacted to the lack of clarity on reopening the critical Strait of Hormuz, a key global energy corridor now largely shut due to the conflict. Stocks across the U.S., Europe, and Asia fell in response, reflecting deepening concerns about prolonged instability and its economic fallout.  Trump’s remarks, which included warnings of “extremely hard” strikes and potential escalation if Iran does not meet U.S. terms, signaled no immediate path toward de-escalation. Meanwhile, Iran and its allies issued their own wa...
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Israeli Prime Minister's Office Refutes Claims of Hamas Agreement on Gaza Ceasefire

 

In a recent development, the office of Israeli Prime Minister Benjamin Netanyahu has denied reports that Hamas has agreed to a ceasefire proposal mediated by Qatar. Contrary to earlier claims by an Israeli official, the Prime Minister's office stated that Hamas has not yet responded to the deal.

The proposal, which aims to halt the ongoing conflict in Gaza, was reportedly set to be formally announced on Thursday, with the first phase of the agreement commencing on Sunday. However, the Prime Minister's office clarified that no official communication has been received from Hamas regarding their acceptance of the terms.

This denial comes amidst ongoing negotiations and efforts by international mediators to broker a ceasefire and secure the release of hostages held by Hamas in exchange for Palestinian prisoners. The situation remains fluid, with both sides yet to reach a final agreement.


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