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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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Tragedy at Sea: Indonesian Ferry Sinks Near Bali, Dozens Missing

Indonesian authorities are racing against time to locate 29 people still missing after a ferry sank late Wednesday night near the resort island of Bali. The vessel, *KMP Tunu Pratama Jaya*, was en route from Ketapang port in East Java to Gilimanuk port in Bali when it capsized roughly 30 minutes into its journey.

The ferry was carrying 65 individuals, including 53 passengers and 12 crew members, along with 22 vehicles. As of Thursday afternoon, 31 people had been rescued, while six fatalities have been confirmed, including a three-year-old child and his mother.

Survivors described a harrowing scene as the ferry tilted and quickly submerged. “The ship quickly sank, so I did not jump but sank with the water,” said 64-year-old Supardi, who managed to survive by clinging to a life jacket.

Rescue efforts have been hampered by rough seas, with waves reaching up to 2.5 meters and strong currents. A team of over 50 personnel, supported by helicopters and boats, continues to scour the area for survivors.

Marine accidents are tragically common in Indonesia, an archipelago of over 17,000 islands, where ferry travel is widespread and safety standards are often inconsistent. Authorities are investigating the cause of the incident, with early reports suggesting a possible leak in the engine room.

The search operation remains ongoing, with hopes that more survivors may still be found.

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