US and Iran agree to two-week ceasefire

CNN: The US military has paused strikes on Iran, an official said, after President Donald Trump announced he’d agreed to a two-week ceasefire with Tehran. Iran’s military will coordinate passage of vessels through Hormuz during ceasefire, Iran’s foreign minister said.

Iran’s response: Tehran claimed victory and said it forced the United States to accept its 10-point plan, including lifting of sanctions and accepting its nuclear enrichment, according to a statement from Iran’s Supreme National Security Council reported in Iranian state media…

Israeli officials have concerns about US-Iran ceasefire agreement, source says

The source said Israel will abide by the ceasefire, following US President Donald Trump’s lead.

But Israel is doing so reluctantly: Israel still has more targets on its list and more goals it would like to achieve through military action in Iran, the source said..

Shipowners Eye Hormuz Ceasefire Window for 800 Trapped Vessels

Shipowners are scrambling to understand the fine print in a ceasefire that could temporarily open up the Strait of Hormuz, hoping to take advantage of a potential window to extract more than 800 ships trapped in the Persian Gulf…

Oil prices drop and stocks rally after Trump’s ceasefire announcement

But analysts warned that questions remained, including what will change for the effective blockade of the strait, through which about 20% of the world’s oil passes, and whether the ceasefire will lead to a long-term end to the war…

The Day Trump’s Iran Threat Gripped the World

In posting that a whole civilization would die if no deal was struck, the president sparked a frantic global guessing game over his real intentions…

Trump Finds His Offramp With Iran. But the Causes of War Remain Unresolved.

President Trump’s short-term intimidation may have worked, but the fundamental divides with Iran are as sharp as they were in February…

How Trump Took the U.S. to War With Iran

In a series of Situation Room meetings, President Trump weighed his instincts against the deep concerns of his vice president and a pessimistic intelligence assessment. Here’s the inside story of how he made the fateful decision…

Britain Reinforces That U.S. Cannot Use British Bases for Attacks on Iran

The U.K. government underlined its previous stance that the United States could only use British bases for defensive purposes, after President Trump threatened to strike civilian targets…

Hegseth’s boastful claims about Iran war contradict reality, officials say

The defense secretary’s portrayal of U.S. success in the conflict risks misinforming the public and the president, observers worry…

The war to break Iran’s economy

Iranians fear Trump’s threats against ‘whole civilization’ are part of an onslaught on fabric of nation…

With Threat to Wipe Out Iran’s Civilization, Trump’s Rhetoric Goes Beyond Bluster

President Trump threatened the kind of destruction that would be deemed a war crime under international law…

US counts cost of equipment destroyed in Iran war

Lost aircraft and radars contribute to estimated $500mn daily price tag and leave America exposed elsewhere…

After clashes with Hegseth, Army secretary says he isn’t going anywhere

Dan Driscoll, praised by the White House for his efforts during the Iran war, said in a statement to The Washington Post that “I have no plans to depart or resign as the Secretary of the Army.”…

Trump on the warpath is Rutte’s toughest test yet

NATO Secretary General Mark Rutte is making another fraught trip to the White House Wednesday, hoping to again prevent President Donald Trump from breaking apart the transatlantic alliance.

But with Trump desperate to find a clear victory in what’s become a messy conflict with Iran, the president has turned increasingly hostile toward European allies — and all of Rutte’s public flattery may not be enough to forestall a deeper and perhaps irreparable rupture…

Hedge funds make record bets against European stocks

Short positions rise sharply as traders eye economic fallout from Iran war…

The south-east Asian country at the sharp end of the energy crisis

In the Philippines, surging fuel prices have forced a rethink of energy policy and even relations with China…

The U.N. Offers No Help on Hormuz

In times of crisis, serious people don’t turn to the United Nations. The failure on Tuesday of an already watered-down Security Council resolution to try to do something—anything—about Iran’s blockade of the Strait of Hormuz again shows why. Now the states in Europe and Asia that had hoped to hide behind the U.N. logo must make a real decision…

The Iran War Brings a Silver Lining for China’s Economy

Beijing won’t shout about it, but the American and Israeli attacks on Iran stand to benefit President Xi Jinping — by helping fend off the specter of deflation. The conflict may do some of the Chinese central bank’s work for it. Once a fairly uncontroversial prediction, interest-rate cuts look less of a sure thing.

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