The White House announced that the Iran ceasefire has paused the countdown on the 60-day war authorization deadline, with Defense Secretary Hegseth saying the ‘clock is paused’ amid bipartisan congressional debate.
The Trump administration officially declares its military operations against Iran have been ’terminated,’ ending months of conflict before the 60-day war authorization expires.
The United Arab Emirates announces it will exit the Organization of the Petroleum Exporting Countries, sending shockwaves through global energy markets as US-Iran ceasefire talks remain stalled.
Israeli airstrikes on southern Lebanon have killed at least 16 people despite an active ceasefire, raising serious questions about the agreement’s enforcement and the region’s stability.
Iran’s Supreme Leader Ayatollah Khamenei issued a hardline statement declaring that Americans have no place in the Persian Gulf and that a ’new phase’ is emerging in the Gulf region, signaling Iran’s refusal to concede on the Strait of Hormuz navigation issue.
The Israeli military has ordered residents of eight Lebanese towns outside the ‘buffer zone’ to evacuate immediately, preparing for a new wave of strikes, further testing the fragile ceasefire agreement.
The U.S. Navy announced that the world’s largest nuclear-powered aircraft carrier, USS Gerald R. Ford, will return to Norfolk, Virginia in the coming days after a record-breaking deployment to the Middle East. The estimated cost of the Iran conflict has now reached $25 billion.
US President Trump says Iran has reached out asking Washington to lift its naval blockade on Iranian ports, but experts warn negotiations remain stalled as oil prices continue to climb.
UBS Group reported Q1 2026 net profits of $3 billion, an 80% year-over-year increase, as geopolitical tensions in the Middle East drove trading volumes higher. Shares jumped 5% following the announcement.
Iranian Foreign Minister Araghchi conducts a 72-hour diplomatic sprint across three countries, proposing a plan to reopen the Strait of Hormuz while deferring nuclear negotiations with the US to a later stage.