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A preliminary US-Iran peace deal to end a 107-day conflict, which disrupted oil supplies, has been signed, with key provisions like the Strait of Hormuz reopening and nuclear programme negotiations remaining contentious.
Gold prices surged, reaching a near one-week high. This rise occurred as a tentative US-Iran peace agreement lowered oil prices and eased concerns about potential US Federal Reserve rate hikes.
The US and Iran agreed to a peace deal, ending military operations and unblocking the Strait of Hormuz. A signing ceremony is scheduled for June 19 in Switzerland, with potential asset releases for Iran.
Iran deems peace talks with the US pointless, citing unfulfilled commitments, while Israel-US strikes on Hezbollah in Beirut complicate a deal Trump expected imminently.
Iran might sign a US peace deal framework soon, though not imminently. The proposed agreement involves reopening the Strait of Hormuz and lifting sanctions. Israel is not a party to this pact.
US President Trump accused Iran of drone attacks on Indian ships near Hormuz, calling it ‘unacceptable’. Iran denied this, labelling the claim 'baseless' and accusing the US of attacking the vessels.
Iran's Revolutionary Guards attacked a Jordan base and Gulf targets in retaliation for US strikes. Jordan intercepted missiles, while Kuwait and Bahrain reported drone and missile attacks.
Hostilities between Iran and Israel have reportedly ceased after an exchange of strikes, despite continued violence in southern Lebanon. Israeli Prime Minister Benjamin Netanyahu stated the 'fire is contained', while Tehran announced a halt to its military action.
Iran launched missiles at Israel, which intercepted them; Israel then struck targets in Iran, prompting a warning from Iran about wider strikes if aggression repeats.
Iran reported no negotiation progress amid fresh US and Iranian strikes, despite Trump's optimism. A Kuwait airport drone attack killed one Indian national, though Iran denied responsibility.
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