Ceasefire Hope: U.S. and Iran Agree to Extend Truce
The talks could reopen the Strait of Hormuz and ease a war that has left up to 2 million Iranians out of work, officials said.
- The United States and Iran reached an agreement to extend their ceasefire following Iran's targeting of a United States air base in Kuwait, with discussions expected to focus on Iran's highly enriched uranium stockpile.
- As many as 2 million people may have been thrown out of work due to the shock of the war, according to the Iranian Labor ministry, though Labor unionists in Iran suggest the figure could be closer to 4 million, roughly 10 percent of the workforce.
- Iran has suffered the longest internet blackout in history, lasting 88 days straight, and consultancies estimate this disruption causes a daily loss to the Iranian economy of about $180 million, as about 10 million Iranians depend on digitally enabled transactions.
- Iranians have claims on assets worth up to $130 billion frozen due to United States sanctions, Adam Tooze notes, while the Iranians estimate the war's total damage at about $270 billion and Iran may seek to levy fees on tankers.
- President Donald Trump must still approve the extension, with reports suggesting a provisional 60-day continuation; such a deal would be momentous for the global economy, as the United States warned Oman against imposing Strait tolls, challenging the region's geopolitical balance.
12 Articles
12 Articles
It is always fragile, sometimes shaky. But now it is on the way to completely losing its meaning. I am talking about the ceasefire.
The Times of Northwest Indiana
MIDDLE EAST
The US and Iran seem to have reached a pact that, pending Trump's validation, would extend the truce and negotiate a lasting peace.
Silver surges toward record highs as US-Iran truce hopes boost markets
Silver extended gains on Friday, with the XAG/USD pair trading near $75.80 an ounce in Asian morning trade, as investors weighed reports of a tentative US-Iran ceasefire extension against caution that a final agreement has yet to be approved.The white metal was supported by hopes that a longer truce could ease pressure on energy markets and reduce the risk of renewed shipping disruption through the Strait of Hormuz, a critical route for global o…
Coverage Details
Bias Distribution
- 71% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
