World News

President Donald Trump has cancelled a planned trip by US envoys to Pakistan following the departure of Iranian Foreign Minister Abbas Araghchi. Trump stated the envoys will not undertake the long flight, suggesting that future discussions could occur over the phone if Iran desires.

European gas prices fell sharply by approximately 20% following a ceasefire agreement involving the United States, Israel, and Iran. This development has raised expectations for lower energy costs, although delayed savings for consumers may persist due to existing fixed tariff contracts and requisite market adjustments.

The United States and Iran have reached a two-week ceasefire agreement, announced shortly before a military escalation deadline set by President Trump. The accord includes reopening the Strait of Hormuz, allowing tolls on transiting vessels, with further negotiations expected in Pakistan on Friday.

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