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Political leaders across Washington breathed a collective sigh of relief on Tuesday evening when President Donald Trump announced a provisional two‑week ceasefire with Iran, ending a 24‑hour standoff that had seen him threaten to annihilate Iran’s “whole civilization” if Tehran failed to reopen the Strait of Hormuz by his self‑imposed deadline.The ceasefire declaration arrived just 90 minutes before the 8 p.m. ET deadline at which Trump had pledged to bomb Iranian power plants and bridges – a move scholars warned would constitute a war crime. A last‑minute diplomatic push by Pakistan persuaded the president to suspend the ultimatum, buying a narrow window for de‑escalation.In a post on Tuesday night, Trump wrote: “Subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz, I agree to suspend the bombing and attack of Iran for a period of two weeks.”Iran’s foreign minister quickly responded, stating that the strait would remain open for the next fourteen days under Iranian military management, effectively meeting the condition set by the United States.The president’s earlier warning – that a “whole civilization will die tonight, never to be brought back again” – drew swift condemnation from Democrats, longtime allies who have broken with Trump over the crisis, and even Pope Francis, the first American pontiff.Senate Majority Leader Chuck Schumer labeled Trump’s retreat as “desperately searching for any sort of exit ramp from his ridiculous bluster,” adding that the president had previously been called “an extremely sick person” waging a “wanton war of choice.”House Democrats, including former Speaker Nancy Pelosi, called for Trump’s removal via impeachment or the 25th Amendment, arguing that his conduct amounted to a threat of genocide against the Iranian people. Progressive Representative Alexandria Ocasio‑Cortez echoed this sentiment, saying the two‑week deal “changes nothing” and urging Congress to act.House Minority Leader Hakeem Jeffries described Trump’s behavior as “unhinged, unpresidential and unconscionable,” and warned that the American public “strongly opposes this reckless war of choice.” He announced that Democrats would push Speaker Mike Johnson to reconvene the House and move a war‑powers resolution to secure a permanent end to hostilities.Republican reactions were more nuanced. Senator Rick Scott praised the ceasefire as “a strong first step toward holding Iran accountable,” while Senator Lindsey Graham expressed hope that diplomacy could “end the reign of terror of the Iranian regime,” cautioning that Iran should not be rewarded for its earlier attacks on the strait.Conversely, Rep. Dan Crenshaw, a Texas Republican known for breaking with Trump, dismissed critics as “pearl‑clutching,” arguing that the president’s “language of POWER” is what adversaries understand, and that diplomatic niceties alone achieve little.The episode underscores a volatile moment in US‑Iran relations, where a single diplomatic pivot averted an imminent escalation, yet left Congress divided over the president’s authority to wage war and the need for a lasting legislative solution.

Opening new oil and gas fields in the North Sea would send a shock wave around the world, senior climate diplomats warned, saying the move would imperil international climate targets, erode the United Kingdom’s reputation as a climate leader and embolden developing countries to exploit their own fossil‑fuel reserves.The UK government faces intense lobbying from the oil industry, Conservative MPs, Nigel Farage’s Reform UK party, certain trade unions and factions within the Treasury. Yet research shows that new drilling would do little to lower energy prices and would have almost no impact on gas imports.Two of the remaining large North Sea prospects – the Rosebank and Jackdaw fields – sit in a basin that is over 90% depleted and increasingly costly to develop. Even if fully exploited, they would displace only about 1% and 2% of the UK’s gas imports respectively, according to recent analysis.Senior figures in international climate diplomacy described the prospect of new drilling as dangerous for global emissions‑reduction efforts and a step back from the phase‑out of fossil fuels.Lord Nicolas Stern, professor at the London School of Economics, warned that “new drilling and a slowdown in climate action would be bad for growth and for energy security in the UK, and a damaging signal for the world.” He added that the UK’s pioneering climate legislation and its role as the first G7 nation to commit to net‑zero by 2050 give its actions “extra weight” on the global stage.An anonymous senior African negotiator reacted angrily to the proposal, stating that Africa would “reject any proposal for the UK to expand oil drilling” because it is “fundamentally inconsistent with both the letter and spirit of the Paris Agreement” and would “weaken trust with climate‑vulnerable nations”.Christiana Figueres, former UN climate chief and co‑founder of the Global Optimism think‑tank, argued that true energy independence lies in “scaling clean, domestic energy, not in extending the life of declining industries”. She cautioned that reverting to old‑fashioned oil expansion would lock in infrastructure at odds with the direction of the global energy system.The UK has been a vocal supporter of an upcoming conference in Colombia on the “transition away from fossil fuels”, a pledge made three years ago at COP28 that remains largely unfulfilled. However, the Guardian learned that Ed Miliband, the UK secretary of state for energy security and net‑zero, will not attend; the government’s climate envoy, Rachel Kyte, will travel in his place.Campaigners had urged Miliband’s presence, citing his pivotal role in securing a last‑minute deal at COP30 in Brazil last November.Experts caution that licensing new fields before the Colombian summit could undermine progress in persuading developing nations to forgo fossil‑fuel‑based economies and adopt cleaner energy pathways.Mohamed Adow, director of the Power Shift Africa think‑tank, warned that a UK approval would “send a shock wave around the world that short‑term interests are being prioritised over long‑term responsibility”. He stressed that many African countries are being asked to leapfrog to clean energy with limited financial support, and that wealthy nations continuing to invest in fossil fuels “undermine this message and diminish their credibility”.Several developing‑country officials echoed this concern, asking, “Why shouldn’t we tap into our own fossil‑fuel resources if the UK is doing so?” They argued that leadership on climate must be consistent with actions.An ally of Miliband praised the UK’s stance, calling “no new exploration licences” a “landmark global leadership position” that shows a major oil‑producing country can align policy with climate science to avoid a 3‑4°C warming scenario.A government spokesperson reaffirmed the administration’s commitment, stating that the UK has placed “clean energy and climate at the heart of its agenda”, and that it will continue to “stop issuing licences to explore new fields, in line with the science and in securing a just transition in the North Sea”.

Prime Minister Anthony Albanese has welcomed a two-week ceasefire deal between the US and Iran, describing the news as 'very positive' and expressing hope it would lead to a permanent end to the conflict that has driven up global fuel prices. The ceasefire agreement was announced just before Trump's self-imposed deadline for Iran to surrender or face widespread destruction, including the bombing of bridges and power plants. Trump had warned that 'a whole civilization will die tonight, never to be brought back again.' In an interview with Sky News, Albanese criticized Trump's threat to destroy civilian infrastructure, calling it an 'extraordinary statement to make'. He emphasized that the conduct of any conflict must be within international law, which protects civilians. The Nationals leader, Matt Canavan, had urged Albanese to make clear to the US that Australia wouldn’t support Trump’s threat of widespread bombings. Albanese has avoided criticizing Trump's inflammatory language in the past but took a firmer stance this time. The two-week ceasefire, facilitated by Pakistan, allows for safe passage through the strategic Strait of Hormuz, a crucial shipping lane that Iran had effectively closed in retaliation for US and Israel strikes. In a joint statement, Albanese and Foreign Affairs Minister Penny Wong welcomed the ceasefire and called for the agreement to be upheld and the conflict resolved. They highlighted that Iran's closure of the Strait of Hormuz has caused unprecedented energy supply shocks and impacted oil and fuel prices. Albanese's comments mark a rare instance of criticism from a world leader against Trump's aggressive rhetoric. The development underscores the significant global economic implications of the conflict and the efforts to de-escalate tensions.

The US and Iran have agreed to a two-week ceasefire, with Tehran temporarily reopening the Strait of Hormuz. Israel has also agreed to the ceasefire. The plan, submitted via Pakistani intermediaries, includes 10 key demands, such as:The lifting of all primary and secondary sanctions on Iran.Continued Iranian control over the Strait of Hormuz.US military withdrawal from the Middle East.An end to attacks on Iran and its allies.The release of frozen Iranian assets.A UN security council resolution making any deal binding.The Iranian foreign minister stated that safe passage through the strait would be allowed under Iranian military management, with Iran and Oman charging fees on ships transiting through the strait. The US has yet to publicly state if it will attend negotiations in Islamabad on Friday.Key concerns include Iran's control over the Strait of Hormuz, which could have significant implications for global oil supplies and regional stability. The US is unlikely to agree to Iran's maximalist demands, but they may form the basis for talks.The ceasefire comes as Trump's approval ratings have hit their lowest level ever, with sizeable majorities of Americans opposed to the war and frustrated by the rising cost of petrol.

Bill Ackman's Pershing Square has unveiled a €55.75 bn cash‑and‑shares bid to acquire Universal Music Group (UMG), valuing the label at €30.40 per share – a 78% premium over the previous close of €17.10. The proposal translates to roughly $64.31 bn, positioning it as one of the largest recent takeovers in the entertainment sector. The offer is tied to a strategic plan to relocate UMG’s primary listing from Amsterdam to New York. A U.S. listing would broaden the investor base, potentially attracting index funds and enhancing liquidity, which Ackman argues could lift earnings and drive a higher market valuation. In a letter to UMG’s board, Ackman praised chairman‑CEO Lucian Grainge while criticizing what he described as an “underutilized balance sheet” and the company’s €2.7 bn investment in Spotify Technology. He suggested that a refreshed governance structure – including former Hollywood super‑agent Michael Ovitz as board chair and two Pershing Square directors – would better position the label for future growth. Market reaction was immediate: UMG shares jumped 13% on the news, while Bollore Group’s stock rose 5% and Vivendi’s shares climbed over 10%. Pershing Square currently holds a 4.7% stake in UMG, making it the fourth‑largest shareholder. Key shareholders whose support is essential include Bollore Group (18.5% stake), Vivendi (13.4%), and China’s Tencent. Notably, the Bollore family controls about 80% of UMG’s voting rights, giving it decisive influence over any transaction. Industry analysts point to several headwinds that have pressured UMG’s share price, which has fallen nearly one‑third since its 2021 IPO. Streaming growth is decelerating, and concerns about AI‑generated music – from copyright disputes to fully synthetic songs – are reshaping the competitive landscape. A recent survey found that 97% of listeners can differentiate between AI‑created tracks and human‑composed music. Despite these challenges, global music revenues continue to rise year over year, prompting major labels such as Sony and Warner Music to double‑down on streaming partnerships with platforms like Spotify, Amazon, Apple and Deezer. Under the proposed structure, Pershing’s SPARC Holdings would merge with UMG, creating a Nevada‑incorporated entity listed on the New York Stock Exchange. If approved, the deal could set a precedent for how legacy entertainment firms adapt to evolving technology and investor expectations.

Iran has put forth a 10-point peace plan aimed at ending the ongoing conflict with the United States and Israel. The plan, conveyed through Pakistan, includes key elements such as an end to hostilities in the region, a protocol for safe passage through the Strait of Hormuz, and the lifting of sanctions imposed on Iran.US President Donald Trump described the Iranian proposal as a 'significant step' but emphasized that it was 'not good enough'. He warned that if Iran does not agree to a deal, it will face severe consequences, including the destruction of its bridges and power plants. 'If they don't make a deal, they will have no bridges and no power plants,' Trump stated.The conflict, now in its second month, has led to a significant escalation of violence, with 1.2 million Lebanese people displaced due to Israeli attacks. Iran's top university and a major petrochemical plant were hit on Monday, following Trump's threat to target power plants and bridges unless Tehran agrees to end the war and open the Strait of Hormuz, a critical passage through which 20 percent of the world's oil and gas supplies pass.Human rights organizations and members of the US Congress have criticized Trump for threatening to attack civilian targets, which is considered a war crime. The situation remains dire as the deadline set by Trump for Iran to open the Strait of Hormuz approaches, with Tehran rejecting the ultimatum and threatening to retaliate.

The Sharif University of Technology in Tehran was bombed on Monday, destroying and damaging multiple buildings, including an artificial intelligence centre housing critical databases. The university's website and other online services went dark.University President Masoud Tajrishi stated that the attack was intended to hinder Iran's progress in AI technology, which the university had been working on for two years. He emphasized that the enemy does not want Iran to succeed or develop, but all Iranian universities are now united in response to these attacks.The US and Israel have not provided an official reason for targeting Iran's higher education hubs or cultural heritage sites, which are considered civilian infrastructure. Over 30 universities have been affected by US and Israeli attacks since the start of the war on February 28.The attacks have prompted the Islamic Revolutionary Guard Corps (IRGC) to declare US and Israeli-affiliated universities 'legitimate targets'. In response, university heads have urged the IRGC to refrain from attacking other universities, considering them 'human and global heritage' entities.The increasing systematic targeting of civilian infrastructure has caused deep concerns among many Iranians, especially since the country was already dealing with economic woes and an energy crisis. The attacks have also sparked debate among Iranians, with some supporting US and Israeli actions in the hope of toppling the governing establishment.

The White House has firmly denied that it has any plans to use nuclear weapons against Iran, amid escalating tensions and a looming deadline imposed by President Donald Trump. Trump has warned that if Iran does not capitulate to his demands, a 'whole civilisation will die tonight'.The denial from Washington came as Trump employed apocalyptic language, insisting that Iran must make a deal or face a massive onslaught. The original ultimatum was made by Trump on Saturday, demanding that Iran open the Strait of Hormuz, through which about a fifth of global energy exports pass, or face an assault on key infrastructure.The deadline falls at 8pm Eastern time (00:00 GMT), and legal experts warn that targeting civilian infrastructure could amount to a war crime. Texas Democratic Congressman Joaquin Castro called on Trump to immediately clarify that he is not considering using nuclear weapons.Vice President JD Vance later stated that US forces could employ tools they 'so far haven't decided to use', sparking concerns. The Iranian response has been defiant, with the Islamic Revolutionary Guards Corps (IRGC) vowing to respond in kind if the US attacks civilian facilities.Iran has proposed a 10-point peace plan to end the war, which Trump called a 'significant step' but 'not good enough'. The situation remains volatile, with Israel-US strikes on Iran and Iranian attacks across the region and Israel intensifying.

Cecile Kohler and Jacques Paris are set to board a flight back to France after three and a half years of detention in Iran, President Emmanuel Macron announced on X on Tuesday. The release was secured through diplomatic talks led by Oman, which acted as a neutral intermediary. “Cecile Kohler and Jacques Paris are free and on their way back to France, after three and a half years of detention in Iran. This is a relief for all of us and, of course, for their families,” Macron wrote. The Iranian decision arrives amid an apparent thaw in relations between Paris and Tehran, as France has openly criticized the war waged by the United States and Israel against Iran. The duo were arrested in 2022 on accusations of spying for France and Israel – charges that the French government repeatedly called unfounded. After being freed from the notorious Evin Prison in November 2025, they remained under the protection of the French embassy. French Foreign Minister Jean‑Noël Barrot said the couple expressed great joy at the prospect of returning home. He confirmed that he had spoken with them and that discussions with his Iranian counterpart, Abbas Araqchi, helped pave the way for their departure. French lawmakers responded to the news with a standing ovation in the National Assembly. The case is part of a broader pattern, described by activists and several Western governments as Iran’s strategy of “hostage‑taking” to extract political concessions from Europe. Iran’s state news agency IRNA confirmed the release, noting it stemmed from an understanding that France would, in return, free Mahdieh Esfandiari, an Iranian student detained in Lyon, and withdraw a complaint lodged against Iran at the International Court of Justice. These diplomatic moves occur against a backdrop of heightened tensions in the region. France has emerged as a vocal critic of the United States‑Israel campaign against Iran, and earlier this week a vessel owned by French shipping giant CMA CGM became the first Western ship to navigate the contested Strait of Hormuz. The strait’s blockage has contributed to a global energy crisis, prompting U.S. President Donald Trump to issue stark threats of further escalation. While the immediate outcome is the safe return of two French citizens, the exchange underscores the delicate balance of diplomatic leverage, humanitarian concerns, and strategic interests shaping France‑Iran relations today.