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Historic peace talks between Iran and the US commenced in Islamabad, Pakistan, marking the first face-to-face meeting between senior negotiators from both countries since 1979. The discussions, facilitated by Pakistani mediators, took place in a positive atmosphere despite continued fighting in Lebanon.The US delegation, led by Vice-President JD Vance, and Iran's negotiators, headed by Mohammad Bagher Ghalibaf and Abbas Araghchi, engaged in two rounds of talks. The discussions covered key topics such as security, finance, and the Strait of Hormuz.Pakistani sources confirmed that Pakistan's army chief, Asim Munir, was present in the room, having played a crucial role in brokering a ceasefire earlier in the week. Pakistan's Prime Minister, Shehbaz Sharif, hosted dinner for the delegations at his residence.The Iranian negotiators initially demanded a ceasefire in Lebanon, reparations, and a commitment to unblock frozen assets as part of a peace deal. However, the US warned against attempts to manipulate the negotiations, with Vance stating that the US would not be receptive to such tactics.The talks have sparked optimism, with a senior Pakistani official expressing hope for a breakthrough. The discussions have also drawn attention from other countries, with reports suggesting that China may offer guarantees to secure a deal.Meanwhile, Israel's military actions in Lebanon have escalated tensions, with Hezbollah firing rockets at Israeli cities. The Lebanese army has deployed troops to maintain stability amid internal tensions.

A 1,500-year-old Israeli church has been damaged in a rocket attack claimed by Hezbollah, the Lebanese militant group. The incident underscores the escalating tensions between Israel and Hezbollah, which have been exchanging fire in recent weeks. The church, a historic site of significant cultural and religious importance, was hit by a rocket fired from Lebanon. While details about the extent of the damage are still emerging, the attack has sparked international concern over the potential for further escalation in the region. Hezbollah's actions have been a source of heightened tensions along the Israel-Lebanon border, with both sides engaging in a series of exchanges that have raised fears of a broader conflict. The Lebanese militant group has been active in the region for decades, and its clashes with Israel have been a recurring theme in Middle Eastern geopolitics.

Israeli air strikes have resulted in the deaths of at least 14 people in southern Lebanon, sparking fears that the ongoing violence could jeopardize the fragile US-Iran ceasefire. The strikes have targeted various areas, including a government building in the city of Nabatieh, where 13 security personnel were killed.Lebanon's President Joseph Aoun condemned the attacks, stating that targeting state institutions would not deter Lebanon from defending its sovereignty. The death toll is expected to rise as civil defense teams continue to search for survivors in the rubble.The violence has prompted a response from Hezbollah, which has fired rockets into northern Israel. The group has stated that its attacks will continue until Israeli and American aggression against Lebanon ceases. Hezbollah also claimed to have targeted Israel's Ashdod naval base with missiles.The conflict has significant humanitarian implications, with the UN children's agency, UNICEF, warning of a devastating impact on children. The agency reported that 33 children have been killed and 153 injured in recent attacks, adding to a total of 600 children killed or injured in Lebanon since March 2.The situation remains volatile, with diplomatic efforts underway to broker a ceasefire. Israeli Prime Minister Benjamin Netanyahu has ordered direct negotiations with Lebanon, but the prospects for a peaceful resolution remain uncertain.

The United States has experienced a notable surge in inflation, with consumer prices rising by nearly 1 percent in March. This significant increase, one of the highest short-term inflation rates in years, is largely attributed to the disruption of energy markets amid the ongoing conflict with Iran. According to a report by the US Bureau of Labor Statistics, the inflation rate in March was 0.9 percent, up from 0.3 percent in February. This marks the largest increase since May 2022, during the peak of the cost-of-living crisis triggered by the COVID-19 pandemic. The March increase was primarily driven by energy prices, with gasoline prices surging by 21.2 percent and fuel oil prices increasing by more than 30 percent. The energy index saw a 10.9 percent increase in March, the largest monthly rise since September 2005. The escalation in prices followed the US and Israel's launch of an all-out war on Iran on February 28, which resulted in the killing of Iran's Supreme Leader Ali Khamenei. In response, Tehran closed the Strait of Hormuz, causing oil and gas prices worldwide to skyrocket. The price of a barrel of oil reached $120, up from about $70 on February 27. In the US, the price of one gallon of gasoline exceeded $4.1, a significant increase from less than $3 before the conflict began. Although a two-week ceasefire was agreed upon between the US and Iran, marine traffic in the Strait of Hormuz remains at a fraction of its pre-war levels. US President Donald Trump has warned Iran against blocking the strait or charging vessels for safe passage. About 20 percent of the world's oil passes through the Strait of Hormuz. While the ceasefire has brought some relief to the global energy market, with oil prices dropping to less than $100, US consumers are still paying $4.15 on average at the petrol pump. Experts suggest that it will take several months for prices to stabilize. The inflation report comes as US politicians focus on the cost of living and affordability, ahead of the November midterm elections. Trump's Democratic rivals have criticized him for launching the war without congressional approval, highlighting the increased economic costs for Americans.

The recent ceasefire between the United States, Israel, and Iran has brought a fragile calm to the region, but experts warn that energy prices may take months to normalize. The conflict had a significant impact on global oil and gas supplies, particularly through the Strait of Hormuz, a critical waterway through which 20% of the world's oil and gas exports pass.Iran's response to US-Israeli attacks included choking off the Strait of Hormuz and attacking energy infrastructure in several Gulf countries. This led to soaring prices for energy and byproducts like helium, as well as fertilizers that rely on these inputs, affecting sowing seasons and consumers worldwide, especially in developing countries.Experts stress that a predictable and stable flow of cargo through the strait is needed before markets can stabilize. Currently, only a trickle of vessels are passing through, with five vessels crossing on Wednesday and seven on Thursday, down from 120-140 ships per day before the conflict.Rockford Weitz, a professor at The Fletcher School at Tufts University, described the situation as 'the biggest disruption in the history of global oil markets.' He emphasized that normalization will take time and requires collaboration among global powers and regional players.Additionally, concerns remain about Iran charging toll fees and skyrocketing insurance fees, which could keep oil prices high. However, experts agree that these fees are not the primary cost drivers.The International Monetary Fund (IMF) has warned of a looming inflation crisis and plans to downgrade its forecast for the world economy. Kristalina Georgieva, IMF managing director, stated that growth will be slower, even if the new peace is durable.For now, oil prices are expected to remain higher than pre-war levels due to the overhang of greater risk premium of supplies out of the Gulf. The situation remains uncertain, with experts closely watching for any side deals, such as a potential agreement between Iraq and Iran, which could impact oil production and prices.

JD Vance, the United States vice‑president, issued a stark warning to Tehran as he boarded Air Force Two for Pakistan: Iran must not attempt to "play" the United States at the peace talks scheduled for Saturday in Islamabad. The talks, mediated by Pakistan, could determine whether the fragile ceasefire in the region holds or if hostilities resume, with significant repercussions for the global economy, especially oil markets. Iranian parliamentary speaker Mohammad Bagher Ghalibaf and foreign minister Abbas Araghchi have conditioned their participation on two unmet measures: a full ceasefire in Lebanon and the release of Iran’s blocked assets. Ghalibaf posted on X that "Two of the measures mutually agreed upon between the parties have yet to be implemented." Uncertainty lingered on Friday night about whether the Iranian delegation would even travel to Islamabad. Earlier reports indicated that Israel had removed the Iranian officials from its bombing target list at Washington’s request. Meanwhile, Donald Trump amplified the tension, telling the New York Post that U.S. forces were "loading up the ships with the best ammunition" and would use them if negotiations failed. He later posted that Iran "has no cards" except short‑term extortion of international waterways. The backdrop to the talks is a worsening Lebanon‑Israel confrontation. More than 300 Lebanese civilians have been killed since the ceasefire began, and 13 Lebanese security personnel died in an Israeli strike on a government building in Nabatieh. Trump and Israeli Prime Minister Benjamin Netanyahu dispute whether the April 7 ceasefire between the U.S. and Iran includes Lebanon, and Israel continues bombing Hezbollah‑linked targets despite Netanyahu’s earlier statements about opening negotiations with the Lebanese government. Oil markets have felt the shock. The February 28 U.S.–Israeli strike on Iran and Tehran’s subsequent closure of the Strait of Hormuz—shutting off roughly one‑fifth of the world’s oil and liquefied natural gas—triggered a sharp price spike, adding political pressure ahead of the November U.S. congressional elections. Vance, however, expressed optimism as he departed for Islamabad: "We’re looking forward to the negotiation. I think it’s going to be positive. If the Iranians are willing to negotiate in good faith, we’re certainly willing to extend the open hand." He added, "If they’re going to try and play us, then they’ll find the negotiating team is not that receptive." The U.S. delegation also includes senior adviser Steve Witkoff and former senior adviser Jared Kushner, both of whom participated in earlier talks on Iran’s nuclear and missile programmes before the February attack. Negotiations are expected to focus on reopening the Strait of Hormuz, the future of Iran’s nuclear program, potential sanctions relief, reparations for war damage, and the release of Americans detained in Iran, according to the Washington Post. Advance teams from the United States and Iran have already taken up rooms at Islamabad’s five‑star Serena hotel, with Pakistani officials acting as intermediaries. Security forces have established a two‑mile perimeter around the hotel, declared a public holiday, and locked down the city centre to ensure a safe environment for the high‑stakes mediation. Hezbollah, while not commenting directly on the Lebanese‑Israeli negotiations, issued a statement urging the Lebanese government to stop "making gratuitous concessions" and vowed to continue fighting to "expel the occupier." The Lebanese army has reinforced its presence in Beirut following an Israeli strike that killed at least 303 people. Fighting persists in southern Lebanon, with Hezbollah claiming to have struck Israeli soldiers near Bint Jbeil—a town symbolic of resistance from the 2006 war—and launching rockets into Israel throughout Friday. Israel’s airstrikes across Lebanon have intensified, culminating in the Nabatieh attack that killed the highest number of Lebanese security forces to date.

Jonathan Freedland contends that the record of Benjamin Netanyahu’s recent wartime conduct is one of stark failure, despite the spotlight it has received alongside former U.S. President Donald Trump.While Trump has dominated headlines with his rhetoric on Iran and a self‑announced cease‑fire, Netanyahu has quietly overseen a continuation of hostilities across the region. Israel’s air campaign on Lebanon—the most lethal single strike in recent memory—targeted roughly 100 sites in a ten‑minute window, leaving at least 303 dead and more than 1,150 injured, many of them civilians.Israel maintains that the U.S.‑brokered deal with Tehran does not extend to Lebanon, a claim disputed by Iran and Pakistani mediators. Netanyahu, meanwhile, has pledged to sustain “full‑force” attacks on what Israel labels Hezbollah launch positions, even as he publicly agrees to diplomatic talks with Beirut.Internationally, Netanyahu is already wanted by the International Criminal Court for alleged war crimes in Gaza, and his reputation abroad is that of a war‑time villain. Domestically, his supporters still view him as a security hawk, a perception that matters most as Israel faces elections no later than 27 October.Freedland highlights that the October 7, 2023 Hamas onslaught—Israel’s deadliest terrorist attack—occurred under Netanyahu’s watch, a fact that would have toppled most leaders in comparable democracies. Yet the prime minister promised “total victory” over Hamas, a promise that remains unfulfilled after a two‑year bombardment that has claimed roughly 70,000 lives in Gaza while leaving Hamas in control of the enclave’s unoccupied areas.Claims of having neutralised Hezbollah have also proved hollow. Although Israel announced the death of the group’s leader, Hezbollah continues to rebuild its arsenal and resumed rocket fire, undermining the narrative of a decisive Israeli triumph.Similarly, the 12‑day 2025‑2026 confrontation with Iran—branded by Trump as an obliteration of Tehran’s nuclear programme and by Netanyahu as a historic victory—has not diminished Iran’s strategic capabilities. The nation still possesses enriched uranium, a robust missile stockpile, and the ability to threaten global shipping through the Strait of Hormuz, effectively holding a lever over the world economy.Freedland argues that Netanyahu’s doctrine of perpetual military pressure yields only temporary relief, likening it to repeatedly cutting off a snake’s head only for it to regrow. Former Israeli general‑turned‑politician Yair Golan is quoted as saying that Netanyahu “does not know how to translate battlefield successes into lasting political security.”The human cost of this approach is evident not only in the casualties of Gaza, the Bekaa Valley and Israeli cities, but also in Israel’s deteriorating diplomatic standing. Recent legislation in the Knesset—pushed by far‑right minister Itamar Ben‑Gvir and supported by Netanyahu—introduces a death‑penalty provision for Palestinians convicted of terrorism, a move condemned internationally as discriminatory.As Israelis endure nightly bomb‑shelter drills and semi‑lockdown conditions, the electorate faces a stark choice. Polls suggest that even if Netanyahu is ousted, his successor may continue a similar hard‑line stance, albeit with different execution. Freedland concludes that Israel’s long‑term security cannot rely solely on force; a negotiated accommodation with neighbours, especially the Palestinians, may finally become politically viable after the exposure of Netanyahu’s repeated strategic failures.

Amazon's highly anticipated satellite internet service, Leo, is expected to go live in mid-2026, according to CEO Andy Jassy. The company has been working on the project, originally conceived as Project Kuiper in 2019, and has secured revenue commitments from enterprises and governments for the scheme.Leo currently has 200 low-orbit satellites in space, with plans to launch a few thousand more in the coming years. While this puts Amazon on track to become the second commercial satellite presence in space, it still lags behind SpaceX's Starlink, which has nearly 10,000 satellites in space and aims to have as many as 42,000 operational in the future.Jassy emphasized that Leo will seamlessly integrate with Amazon Web Services (AWS) to enable enterprises and governments to move data back and forth for storage, analytics, and AI. Additionally, Delta Air Lines has partnered with Leo to provide onboard WiFi for its planes, starting with 500 planes in 2028.Despite being behind rivals such as Starlink and OneWeb, Amazon's efforts have been hindered by relying on competitors' rockets for launches. However, plans have been announced for Blue Origin, owned by Jeff Bezos, to take primary responsibility for launching Leo satellites from 2027 onwards.The rivalry between Amazon and SpaceX is expected to shape the commercial space industry in the coming decades, with both companies interested in setting up datacentres in orbit and normalizing commercial space travel.

Iranian Foreign Minister Abbas Araghchi warned on Thursday that it would be "dumb" for the United States to permit Israel to jeopardise the newly‑declared regional ceasefire by persisting with its intense bombardment of Lebanon, a campaign that has already claimed hundreds of lives. Araghchi noted that Israeli Prime Minister Benjamin Netanyahu’s corruption trial is set to resume on Sunday, suggesting the prime minister may have ulterior motives for sustaining the fighting. He wrote on social media that a ceasefire encompassing Lebanon would "hasten his jailing," implying that the truce could pressure Netanyahu’s legal woes. Addressing Washington directly, Araghchi said: "If the US wishes to crater its economy by letting Netanyahu kill diplomacy, that would ultimately be its choice. We think that would be dumb but are prepared for it." The statement echoes language used by U.S. Vice President JD Vance the previous day, who warned that Iran would find it "dumb" to let the ceasefire collapse over Lebanon, yet framed it as a choice for Tehran. Since the ceasefire was announced on Tuesday, the dispute over whether it applies to Lebanon has become a central obstacle to sustaining the truce. Iranian officials and media have hinted that Tehran could respond militarily to Israel’s assault on Lebanon or even block the Strait of Hormuz to enforce a Lebanon‑wide ceasefire. President Donald Trump told NBC News that he had spoken with Netanyahu and urged the Israeli government to "scale back" its operations in Lebanon, describing the approach as "low‑key." Vance also reported that Israeli officials had agreed to "check themselves a little bit in Lebanon." Despite these diplomatic overtures, the violence shows no sign of abating. The death toll from recent Israeli strikes in Lebanon has already surpassed 300, marking one of the deadliest days in the country’s recent history. On Thursday, Israel launched several new attacks, including a strike that killed four rescuers in the southern town of Borj Qalaouiye, and issued a displacement order for Beirut’s Jnah district, home to two major hospitals and tens of thousands of residents and displaced persons. The United States has a track record of asserting that Israel will curb its military actions, only to witness continued strikes. In 2024, the Biden administration insisted that Israel’s operation in Rafah was "limited," yet the Israeli military ultimately razed nearly every structure in the city, a tactic now hinted at for southern Lebanon. The Lebanese conflict escalated into full‑scale war in early March after Hezbollah fired rockets in retaliation for Israeli strikes and following the killing of Iranian Supreme Leader Ayatollah Ali Khamenei on February 28. Since a separate November 2024 ceasefire, Israel has maintained near‑daily attacks on Lebanon, targeting civilian infrastructure and deepening the humanitarian crisis.