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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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Italy Joins Spain in Halting U.S. Military Access Amid Middle East Tensions

 

                                           File photo: Sigonella Air Force base in Sicily 

Italy has joined Spain in blocking U.S. military aircraft from using its territory for Middle East–related operations, signaling growing European reluctance to be drawn into the escalating conflict. 

Italy has refused permission for U.S. military aircraft to land at the Sigonella air base in Sicily for operations linked to the Middle East, becoming the second major European nation after Spain to restrict American military movements. 

According to reports, several U.S. aircraft—reportedly including bombers—were scheduled to land at Sigonella before heading toward the conflict zone. However, Italy denied the request because the United States had not sought prior authorization, nor consulted Italian military leadership as required under existing bilateral agreements. 

The move reflects a broader hesitation among European Union members to become entangled in the intensifying Iran-related conflict. Italy’s government, led by Prime Minister Giorgia Meloni, has stated it would require parliamentary approval for any future requests involving direct military support. Meanwhile, opposition parties have urged the government to prevent any involvement that could escalate regional tensions.

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