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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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U.S. Launches Major Strike on Kharg Island, Hitting Over 90 Iranian Military Targets

 

This is a view of the pipes and a tanker on Kharg jetty in Iran, the largest in the world, seen July 1971. 


The United States carried out a large-scale precision strike on Iran’s Kharg Island late Friday, targeting more than 90 Iranian military sites, according to U.S. Central Command. The operation focused on naval mine storage facilities, missile bunkers, and other strategic military positions while deliberately avoiding damage to the island’s vital oil infrastructure. 

Kharg Island, a critical hub responsible for the majority of Iran’s crude oil exports, has become a focal point in rising regional tensions. While the strike successfully neutralized key military assets, CENTCOM emphasized that oil facilities were preserved to prevent further destabilization of global energy markets. 

Iranian state media acknowledged the attack but reported no harm to oil terminals, warning that any future threats to its energy infrastructure could provoke retaliation. The strike marks one of the most significant escalations in the ongoing conflict, underscoring the strategic importance of Kharg Island in both military and economic terms. 

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