News of the World

The United States is scrutinising Iran’s recent proposal aimed at de-escalating tensions. Iran seeks to reopen the strategic Strait of Hormuz while postponing discussions on its nuclear programme. Early reactions from the Trump administration suggest the offer may be rejected, potentially prolonging the conflict.

The EU’s trade deal with South America’s Mercosur bloc has begun provisional implementation after 25 years of negotiations. This agreement forms one of the world’s largest free trade areas, encompassing 720 million consumers and aiming to reduce tariffs on over 90% of bilateral trade.

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