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Iran attacks three ships in the Strait of Hormuz as US blockade continues and talks collapse

DUBAI, United Arab Emirates — Iran fired on three ships in the Strait of Hormuz and seized two of them on Wednesday, intensifying its assault on shipping in the key waterway a day after US President Donald Trump extended a ceasefire while maintaining an American blockade of Iranian ports.

Original report

Libya hits record output and approves first unified budget in 13 years | The National

Libya has reached its highest oil production in more than a decade, approved its first unified budget in 13 years and secured one of the few growth upgrades in the IMF's latest regional outlook, making it a rare bright spot as the Iran war forces steep downgrades on economies across the Middle East.

Original report

Futures Rise After Trump Extends Ceasefire Even As Brent Tops $100

Futures are higher with earnings in full swing and AI winners soaring. Trump indefinitely extended the ceasefire with Iran just before its Taco Tuesday expiration, while maintaining a blockade of the Strait of Hormuz, after plans for peace talks fell apart. Still, the market doesn’t seem too concerned about the lack…

Original report

Mystery over Iran's new leadership deepens as war reshapes balance of power | The National

When Donald Trump extended a ceasefire at the 11th hour, he seized the moment to describe Iran’s leadership as divided. It is a characterisation critics will see as justification for stalled diplomacy, but that has been increasingly borne out since the war began on February 28.

Original report

Polymarket forecast low chances of ceasefire being extended even after Trump's announcement

US President Donald Trump announced on Tuesday night that it would halt its attacks against Iran until the regime can submit a “unified proposal” to discuss during negotiations, but Polymarket's prediction market still sees low chances for the ceasefire to be extended by Wednesday.

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