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Markets Rebound as U.S. Ceasefire Proposal to Iran Sparks Investor Optimism

  U.S. stock futures surged early Wednesday as reports of a U.S.-backed ceasefire proposal to Iran boosted market sentiment and pushed oil prices sharply lower. Investors reacted positively to signs of potential de‑escalation in the Middle East, lifting Dow, S&P 500, and Nasdaq futures after a volatile week. U.S. stock futures climbed on Wednesday following reports that Washington sent Iran a 15‑point ceasefire plan aimed at halting the ongoing conflict in the Middle East. The development injected cautious optimism into global markets, which have been rattled by geopolitical tensions in recent weeks.  Futures tied to the Dow Jones Industrial Average and S&P 500 rose around 1% , while Nasdaq 100 futures jumped more than 1% , reversing some of the previous session’s losses. The shift in sentiment was amplified by a sharp retreat in oil prices— WTI crude fell over 5% , easing inflation concerns and improving the outlook for corporate margins.  The reported ceasef...
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UN General Assembly Rejects U.S. Resolution on Ukraine War, Approves European-Backed Proposal

 

In a significant development at the United Nations, the General Assembly has rejected a U.S.-backed resolution urging an end to the war in Ukraine without mentioning Russian aggression. Instead, the assembly approved a European-backed Ukrainian resolution demanding Russia immediately withdraw its forces from Ukraine.

The U.S. resolution, which failed to gain approval, was seen as a setback for the Trump administration. The resolution aimed to bring a durable end to the conflict but did not explicitly address Russia's invasion of Ukraine. The assembly's decision reflects the ongoing tensions between the U.S. and Ukraine, as well as the strain in the transatlantic alliance over the Trump administration's approach to engagement with Moscow.

The European-backed Ukrainian resolution, which passed with a vote of 93-18 and 65 abstentions, emphasizes the need for Russia to respect Ukraine's sovereignty and territorial integrity. Ukrainian Deputy Foreign Minister Mariana Betsa stated that her country is exercising its "inherent right to self-defense" following Russia's invasion, which violates the U.N. Charter.

U.S. deputy ambassador Dorothy Shea acknowledged that multiple previous U.N. resolutions condemning Russia and demanding the withdrawal of Russian troops have failed to stop the war. She emphasized the need for a resolution marking the commitment from all U.N. member states to bring a durable end to the conflict.

The dueling resolutions highlight the complexities and challenges in addressing the ongoing war in Ukraine and underscore the importance of international cooperation in seeking a peaceful resolution.



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