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Markets Slip as Investors Bet on Extended U.S.–Iran Ceasefire

  Stocks Edge Lower as Investors Hope U.S.–Iran Ceasefire Will Hold Stocks drifted lower today as markets balanced cautious optimism over a potential extension of the U.S.–Iran ceasefire with persistent geopolitical and inflation concerns. Recent trading sessions have shown that even modest signs of diplomatic progress can meaningfully shift investor sentiment. Asian and U.S. markets rallied earlier this week on hopes that Washington and Tehran would continue negotiations, helping unwind some of the war-driven risk premiums that had pushed oil and volatility higher. Despite the pullback, investors remain hopeful that the ceasefire—currently set to expire soon—will be extended, giving negotiators more time to work toward a longer-term agreement. Reports indicate both sides are considering adding another two weeks to the pause, a move that has already helped push Brent crude below the recent peak of nearly US$120 per barrel. Lower oil prices have eased pressure on inflation expecta...

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Kyiv Endures Intense Russian Drone and Missile Barrage Amid Ongoing Conflict

Ukraine’s capital faced a large-scale drone and missile attack late Friday, with explosions and machine gun fire echoing throughout the city. Residents rushed to underground subway stations for shelter as debris from intercepted missiles and drones fell across multiple districts.

The assault came just hours after Russia and Ukraine conducted a major prisoner exchange, swapping hundreds of soldiers and civilians in a rare moment of cooperation amid the ongoing war. Despite the exchange, fighting continues along the front lines, with neither side showing signs of relenting.

Kyiv’s military administration reported that six people required medical attention following the attack, and fires broke out in the Solomianskyi district. Prior to the strikes, Mayor Vitalii Klitschko had warned residents of more than 20 Russian drones heading toward the city.

As Ukraine braces for further escalations, the attack underscores the persistent volatility of the conflict, with both nations locked in a struggle that has claimed thousands of lives and disrupted millions more.

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