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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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Ukraine Endures Largest Russian Aerial Assault Since War Began

In the early hours of Sunday, Ukraine faced its most intense aerial bombardment since the onset of Russia’s full-scale invasion in 2022. According to Ukrainian officials, Russia launched a staggering 537 aerial weapons, including 477 drones and 60 missiles, targeting multiple regions across the country.

The Ukrainian Air Force reported that 249 drones and 38 missiles were successfully intercepted, while others were either electronically jammed or missed their targets. Despite these defenses, the assault caused widespread damage. Residential buildings, industrial facilities, and critical infrastructure in regions such as Lviv, Mykolaiv, and Dnipropetrovsk were hit.

Tragically, the attack claimed several lives, including that of a Ukrainian F-16 pilot who managed to down seven air targets before his aircraft was fatally damaged. At least a dozen civilians, including children, were reported dead or injured.

The scale and reach of the attack—striking areas far from the front lines—underscore a sharp escalation in Russia’s aerial campaign. While President Putin recently expressed openness to renewed peace talks in Istanbul, the ferocity of this latest strike casts doubt on the sincerity of those overtures.

This overnight barrage not only deepens the humanitarian crisis but also signals a troubling new phase in the conflict, as both sides continue to test the limits of modern warfare.

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