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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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Sunak Blames UK Bases for Making Cyprus a Target

                                            Former British prime minister Rishi Sunak

Former UK Prime Minister Rishi Sunak has argued that Cyprus is being targeted solely because it hosts two British sovereign military bases. In comments published in The Times, Sunak criticised the UK government for failing to deploy naval support to the Mediterranean despite advance warning of regional strikes, calling it “embarrassing” that France appeared to be doing more to protect Cyprus. He stressed that the island’s exposure stems directly from Britain’s military presence there, urging stronger strategic planning from the current government. 

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