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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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Police Investigate Threatening Letter Sent to Australia’s Largest Mosque Ahead of Ramadan

 

                                            File photo: Lakemba Mosque in Sydney

Australian authorities have launched an investigation after a threatening letter was delivered to the nation’s largest mosque just days before the start of Ramadan. The message, received by the Lakemba Mosque in Sydney, reportedly contained hostile language and raised concerns among community leaders about the safety of worshippers during the holy month.

The mosque, a central hub for Australia’s Muslim population, is expected to welcome thousands of visitors throughout Ramadan. Community representatives have urged calm while emphasizing the importance of vigilance. Police have increased patrols around the site and are working to identify the sender.

Local officials condemned the incident, calling it an unacceptable act targeting a religious community during a significant period of reflection and prayer. Authorities have encouraged anyone with information to come forward as the investigation continues.


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