WS #8054
No material new developments in the last 30 minutes. The dominant narrative remains the US-Iran ceasefire deal with conflicting signals, but no new data points have emerged to change the outlook. Oil prices remain elevated above $100, and the situation is stable with no escalation or de-escalation.
Key developments
- US and Iran agree on draft peace proposal, announcement expected within 24 hours
- Trump posts 'United States of the Middle East?' image covering Iran on Truth Social
- Iran and Pakistan send revised offer to US to terminate war and open Strait of Hormuz
- Italy cancels Boeing KC-46 Pegasus order, shifts to Airbus A330 MRTT
- Ukraine drone attack causes fire at oil depot in Novorossiysk