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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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Drone Barrage and Dismissal: Russia Escalates Strikes as Kremlin Shakes Up Cabinet

In a dramatic escalation of hostilities, Russia launched over 100 drones at civilian areas across Ukraine overnight, resulting in the deaths of at least 10 civilians and injuries to 38 others, including children. The attacks, which targeted cities such as Odesa, Kharkiv, Kyiv, and Sumy, mark one of the most intense aerial offensives in recent months. Ukrainian President Volodymyr Zelenskyy reported that in the past week alone, Russia has deployed approximately 1,270 drones, 39 missiles, and nearly 1,000 glide bombs.

The strikes come amid growing pressure on Ukraine’s defenses, with Kyiv urgently seeking additional military aid and ramping up domestic drone production to counter Russia’s long-range Shahed drones.

Meanwhile, the Kremlin dismissed Transport Minister Roman Starovoyt following a weekend of widespread travel disruptions across Russia. Nearly **1,900 flights** were delayed or canceled at major airports, including Moscow and St. Petersburg, due to Ukrainian drone threats. While no official reason was given for Starovoyt’s removal, analysts link the decision to the mounting logistical chaos and public frustration over the Kremlin’s handling of airspace security.

The dual developments underscore the intensifying nature of the conflict and the growing role of drone warfare in shaping both battlefield dynamics and domestic political fallout.

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