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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 the Tap: Israeli Strike Kills Children in Gaza Water Queue

In a devastating incident on Sunday, ten Palestinians—including six children—were killed in an Israeli airstrike while collecting water in the al-Nuseirat refugee camp in central Gaza. Eyewitnesses reported that a drone fired a missile at a crowd gathered around a water tanker, many of them carrying empty containers amid Gaza’s worsening humanitarian crisis.

The victims were rushed to Nuseirat’s al-Awda Hospital, which also treated 16 injured individuals, including seven children. The strike occurred as Israeli aerial attacks intensified across the Gaza Strip, with 19 additional Palestinians killed in separate strikes on residential buildings the same day.

Footage shared online showed scenes of chaos and heartbreak—bloodied children, lifeless bodies, and desperate residents using private vehicles and donkey carts to transport the wounded.

The International Committee of the Red Cross reported a surge in mass casualty cases at its Rafah field hospital, treating over 3,400 weapon-wounded patients since late May. The organization warned that the frequency and scale of such incidents reflect the dire conditions civilians in Gaza are enduring.

Israel’s military campaign in Gaza began after Hamas’s October 2023 attack, and since then, more than 57,800 Palestinians have been killed, according to Gaza’s health ministry. With infrastructure decimated and basic services collapsing, residents face severe shortages of food, fuel, medicine, and clean water.

This latest tragedy underscores the peril faced by civilians simply trying to survive. As international calls for a ceasefire continue, the humanitarian toll in Gaza grows ever more unbearable.

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