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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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Texas Flood Tragedy Deepens as Search Efforts Dwindle

As floodwaters recede across Texas, communities are left grappling with devastating loss. The official death toll from the catastrophic floods now stands at approximately 100, with dozens still missing. Emergency responders, who worked tirelessly for days, are beginning to scale back operations amid diminishing hope of finding additional survivors.

The storms, which began earlier this month, unleashed torrential rain that overwhelmed rivers and drainage systems, submerging entire neighborhoods. Rescue efforts, hampered by dangerous conditions and widespread infrastructure damage, have transitioned into recovery missions as search teams face increasingly grim odds.

Local officials have urged residents to remain vigilant as cleanup begins, warning of lingering health risks and unstable ground. Aid organizations continue to distribute essential supplies, while grief-stricken families gather in churches and community centers to mourn those lost.

Governor Natalie Ruiz addressed the state in a solemn press briefing yesterday: "Our hearts are broken, but Texas is strong. Together, we will rise through the heartbreak and rebuild what nature has taken."

Though the skies have cleared, the emotional storm will take far longer to pass. For now, candles flicker in windows across the state—silent tributes to those who may never come home.


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