UK cabinet minister Darren Jones warns of prolonged price rises, predicting consumers may face increased costs for over eight months after the Iran conflict. The government is preparing for supply chain disruptions, with further measures discussed in a cabinet meeting chaired by Sir Keir Starmer.

Iran has declared the Strait of Hormuz “completely open” for all commercial vessels during the ongoing ceasefire, as announced by foreign minister Seyed Abbas Aragchi. This decision follows the recent easing of tensions and aims to stabilise global energy supplies. Further actions are anticipated.

Chagossians remain on Île du Coin as efforts to transfer the Chagos Islands to Mauritius collapse. First Minister Misley Mandarin asserts their determination to stay despite resource scarcity and threats of expulsion. Hundreds are ready to join them; however, essential supplies have been confiscated.

Viktor Orbán has conceded defeat in Hungary’s parliamentary elections to Peter Magyar, marking the end of his 16-year rule. Magyar, a political newcomer, promises “system change.” Supporters celebrated in Budapest as the nation anticipates this new chapter in governance.

US officials confirmed the reopening of the Strait of Hormuz today, as Secretary of Defence Pete Hegseth announced that vessels will soon resume sailing through this crucial waterway. British Prime Minister Keir Starmer emphasised the need for ongoing efforts to ensure lasting peace.

Donald Trump has issued a 48-hour ultimatum to Iran to either strike a deal or reopen the Strait of Hormuz. He warned of severe consequences if no agreement is reached, emphasising that “time is running out” before action will be taken.