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Vice President JD Vance warned Iran that jeopardising the US‑Iran ceasefire over Lebanon would be "dumb", emphasizing that the United States expects the truce to remain intact despite Tehran’s frustrations. Pakistan, which brokered the two‑week ceasefire, publicly stated that Lebanon is part of the agreement. Vance, speaking to reporters in Hungary, countered that the United States does not consider Israel’s ongoing strikes on Lebanon as covered by the ceasefire. "If Iran wants to let this negotiation fall apart – in a conflict where they were getting hammered – over Lebanon, which has nothing to do with them and which the United States never once said was part of the ceasefire, that’s ultimately their choice," Vance said, adding, "We think that would be dumb, but that’s their choice." Iranian Foreign Minister Abbas Araghchi echoed Pakistan’s position, highlighting Lebanon in his repost of Prime Minister Shehbaz Sharif’s statement and asserting that the ceasefire terms are clear: the US must choose either a ceasefire or continued war via Israel. President Donald Trump and the White House, however, maintain that Lebanon was not part of the deal. Vance dismissed the contradictory messages as a "misunderstanding" and "bad faith propaganda," suggesting the Iranians mistakenly believed Lebanon was included. The lack of a clear explanation from US officials leaves observers questioning how such a misunderstanding could arise amid high‑stakes diplomacy. Israel’s track record of breaching ceasefires dates back to the November 2024 truce with Lebanon. On Wednesday, Israeli air strikes in Lebanon killed at least 254 people and injured more than 1,100, marking one of the deadliest assaults in the 15‑month conflict. Vance indicated that Israel has signaled a willingness to temper its operations in Lebanon, stating the Israelis have "committed to check themselves a little bit in Lebanon" to ensure the US‑Iran negotiations stay on track. The broader conflict intensified in early March after Hezbollah launched rockets in retaliation for Israeli attacks and the killing of Iran’s Supreme Leader Ali Khamenei. Hezbollah now faces internal pressure from rival factions accusing it of dragging Lebanon into war on Iran’s behalf. Iran’s Islamic Revolutionary Guard Corps (IRGC) issued a stark warning: if Israeli aggression against Lebanon does not cease immediately, the IRGC will deliver a "regretful response" to what it called "evil aggressors" in the region.

Israel's devastating bombardment of Lebanon in the hours after a US-Iranian ceasefire was announced has been widely condemned amid global efforts to salvage the truce. The bombing, which killed more than 200 people, including strikes with heavy munitions on densely populated areas, drew outrage from the International Committee of the Red Cross and other international humanitarian organisations.Benjamin Netanyahu insisted Lebanon was not included in the Tuesday night ceasefire agreed by Donald Trump, and vowed the Israeli military would continue to strike Hezbollah targets “wherever necessary”. The Israeli prime minister said his forces had killed the secretary to Hezbollah’s leader, Naim Qassem.The US vice-president, JD Vance, backed Netanyahu, claiming the US had never agreed to the inclusion of Lebanon in the truce. However, Iran’s president, Masoud Pezeshkian, said that further Israeli strikes on Lebanon would render negotiations “meaningless”. Iran would not abandon the Lebanese people, he said.Pakistan, which led the efforts to broker a ceasefire after Trump threatened a civilisation-ending onslaught, has said Lebanon had been part of the agreement. Robert Malley, a former American envoy who led earlier US-Iranian negotiations, said: “I would trust the Pakistani mediator that Lebanon was included.The EU foreign policy chief, Kaja Kallas, said on Thursday: “Hezbollah dragged Lebanon into the war, but Israel’s right to defend itself does not justify inflicting such massive destruction.” France’s foreign minister, Jean-Noël Barrot, condemned the Israeli strikes as “unacceptable” and his British counterpart, Yvette Cooper, described them as “deeply damaging”, adding that failure to include Lebanon in the ceasefire would “destabilise the whole region”.

The UK government is calling for Lebanon to be included in the recent US-Iran ceasefire agreement, as divisions deepen between the UK and US over how to implement the truce. UK Defence Secretary John Healey and Foreign Secretary Yvette Cooper have emphasized the need for a comprehensive ceasefire that covers Lebanon, following Israel's intensified bombing campaign in the country, which has resulted in at least 254 people killed. Healey warned that imposing tolls on ships passing through the Strait of Hormuz, as suggested by US President Donald Trump, would set a dangerous precedent for international shipping. The UK is advocating for the strait to remain open and free, consistent with international navigation laws. Cooper is expected to stress that Lebanon must be included in the ceasefire and that there must be no return to conflict. The UK's stance has been communicated to both the US and Israel. The escalation in Lebanon has prompted Iran to halt the passage of oil tankers through the Strait of Hormuz, leading to a rise in global fuel and fertilizer prices. The UK is working to support the reopening of the strait, which is a critical artery for the global economy. Cooper will emphasize that freedom of navigation is crucial for global trade and that no country can close these routes without violating the law of the sea.

On a Wednesday night, Israel launched a massive air campaign against Lebanon that resulted in the deaths of over 300 civilians and struck more than 100 targets within ten minutes, including densely populated neighborhoods in central Beirut. The operation, described by Israeli officials as the largest strike against Hezbollah since the month‑long war with Iran began, has drawn sharp international condemnation. The Israeli government, led by Prime Minister Benjamin Netanyahu, maintains that the attacks were narrowly aimed at Hezbollah operatives who allegedly relocated command posts to civilian districts such as the Dahieh suburb. Critics, however, argue that the scale and timing of the strikes suggest a broader political motive: to disrupt the US‑Iran ceasefire negotiated by former President Donald Trump, a deal many view as unfavorable to Netanyahu. Evidence fueling this theory includes the lack of any prior warning and the targeting of locations where high‑profile Hezbollah figures were present. Among the dead was Ali Yusuf Harshi, the nephew and personal adviser of Hezbollah secretary‑general Naim Qassem, leading some observers to speculate that the operation may have been a failed attempt to eliminate Qassem himself—mirroring Israel’s 2024 alleged assassination of former Hezbollah leader Hassan Nasrallah. Hezbollah officials later claimed they had been “notified of a ceasefire” and were committed to it from the morning of the attack, yet by Thursday both sides were again exchanging heavy fire. Netanyahu’s public justification for the strike—citing the killing of an aide to Qassem—appeared thin, reinforcing the perception that the operation was designed to act as a “spoiler” to a ceasefire he had previously opposed. Analysts at the Soufan Center in New York warned that, even if Lebanon is technically outside the ceasefire framework, the sheer magnitude of Israel’s assault will be viewed as escalatory. They argue the strikes serve a dual purpose: to widen the rift between Iran and its proxies and to retaliate against what Israel perceives as being sidelined in the ceasefire negotiations. Iranian President Masoud Pezeshkian condemned the attacks, stating they breach the ceasefire agreement and render ongoing talks meaningless. He warned of a possible Iranian response against Israel, underscoring the fragile nature of the diplomatic effort. Marion Messmer, director of the international security programme at Chatham House, highlighted a deeper strategic dilemma: the United States’ difficulty in managing its alliance with Israel amid the broader US‑Iran conflict. She noted that Israel’s insistence that its Lebanese operations are unrelated to the ceasefire reveals a “key vulnerability” in Washington’s ability to steer its regional partners, potentially trapping the US in a conflict it seeks to exit. Further complicating the picture, the Israeli Defense Forces reportedly assess that defeating Hezbollah remains unrealistic despite the intensified bombing campaign, suggesting that the current strategy may be more about political signaling than achieving decisive military objectives. In sum, the Israeli strike on Lebanon not only caused a tragic loss of civilian life but also raised serious questions about the durability of the US‑Iran ceasefire, the strategic calculations of Netanyahu’s government, and the broader stability of Middle‑East geopolitics.

A British warship together with a Royal Air Force P‑8 maritime patrol aircraft monitored three Russian submarines that were trying to survey key undersea infrastructure in the North Atlantic, the defence secretary John Healey said at a Downing Street briefing.Healey explained that the operation, which lasted **over a month**, took place not within UK territorial waters but in the country's exclusive economic zone – the area extending up to 200 nautical miles from the coastline and bordering neighbouring zones.The Russian vessels comprised an Akula‑class nuclear‑powered submarine and two deep‑sea research submarines from the GUGI directorate, a unit that normally conducts peacetime surveys of underwater infrastructure but possesses the capability to damage it in conflict.According to the minister, the British forces tracked and deterred any malign activity around the submarines 24/7, deploying regular sonar buoys to demonstrate continuous monitoring. The presence of the Royal Navy ship and the P‑8 aircraft, supported by NATO allies, left the Russian crews with “no doubt that they were being watched”.As a result, the Akula submarine “retreated home” and the two GUGI subs subsequently exited the UK’s maritime zone, heading northward. The operation involved **about 500 UK personnel**.Healey stressed that there was **no evidence of damage** to any pipelines or cables, but that UK forces and allies would verify the integrity of the infrastructure. He warned President Putin that any attempt to sabotage the network would “not be tolerated and will have serious consequences”.The defence secretary framed the incident as proof that Moscow is “the primary threat to the UK and to NATO”, underscoring the need for heightened vigilance over undersea assets amid the broader security fallout from the Ukraine war and recent tensions in the Middle East.He also linked the episode to broader defence policy, stating that the successful deterrence demonstrates the UK’s ability to detect, deter and, if necessary, respond to threats against its critical maritime infrastructure, while calling for continued investment in defence capabilities.

The ceasefire deal between Iran and the US has been hailed as a significant achievement for China, which has been actively working to promote de-escalation and an end to hostilities in the region. Beijing's powerbrokers are being credited with pushing Iran towards agreeing to the ceasefire, bolstering its status as a regional mediator.In China's tightly censored domestic media, articles basking in the glory of China being the grown-up in the room at a time of international crisis were allowed to circulate. China's role in the negotiations was confirmed by US President Donald Trump, who told the Agence France-Presse news agency that he believed China had got Iran to agree to a ceasefire.However, some analysts are sceptical about how influential China could actually have been in the late-night discussions. The deal is advantageous to Iran, and encouraging the regime to agree to it would have been like 'pushing an open door', according to one analyst. Nicholas Lyall, a senior researcher at Trends, a research and advisory firm in Abu Dhabi, said: 'In terms of whether China had to do much pushing of Iran for it to agree to the temporary ceasefire, and whether Iran was swayed by this reported Chinese effort, it's essential to clarify what Iran has actually agreed to.'Officially, China has not confirmed or denied reports that it played an active role in the Islamabad negotiations. At a press conference on Wednesday, the foreign ministry spokesperson Mao Ning said only that China 'had been actively working to promote de-escalation and an end to all hostilities'. China's economic interests are also at stake, as the risk of a global recession and soaring fossil fuel prices poses a threat to the Chinese economy, which is heavily dependent on exports.Analysts are even more sceptical of the idea that China might act as the guarantor of any ceasefire agreement in the Middle East. Song Bo, a fellow at the Center for International Security and Strategy at Tsinghua University, said: 'China doesn't have a direct stake with any of the parties in the Middle East. Acting as a guarantor for a ceasefire would be an extremely high-cost diplomatic undertaking, and I don't think China would commit to that easily.'

The UK government has pledged £380 million to accelerate the build‑out of a new battery factory in Somerset that will supply Jaguar Land Rover (JLR) with cells for its forthcoming electric Range Rover and Jaguar models. The plant, operated by Tata’s battery subsidiary Agratas, was highlighted during a site visit by Business Secretary Peter Kyle, who emphasized the grant’s role in safeguarding jobs and driving economic growth. When fully operational, the gigafactory is projected to employ 4,200 workers and deliver up to 40 GWh of battery capacity annually—enough for hundreds of thousands of electric vehicles. It will become the UK’s second high‑volume battery facility after the Chinese‑owned AESC plant in Sunderland. Construction remains in its early stages, with only a steel frame erected so far. Although the original timetable targeted production start‑up in 2026, delays have pushed the expected commencement to the end of 2027. Agratas has reduced the footprint of the first building but claims the change reflects more efficient process design rather than a cut‑back in output. JLR, the nation’s largest automotive employer, had planned to launch its electric Range Rover in 2025, but the debut has slipped to 2026 and the vehicle is still not on sale. The postponement follows a broader trend of EV manufacturers worldwide scaling back or postponing battery projects after over‑optimistic forecasts of rapid consumer migration from petrol. Recent spikes in petrol prices—spurred by geopolitical tensions linked to Donald Trump’s war in Iran—could make electric cars more appealing, potentially justifying the sizeable capital commitments required for a transition to EV production. Until the Somerset facility becomes operational, JLR will continue to source batteries from AESC. That arrangement was confirmed last year by investment bank Société Générale, though references to JLR have since been removed from public statements. In addition to the battery grant, Tata previously secured a £500 million pledge to modernise its Welsh steelworks with electric arc furnaces, underscoring the government’s broader push for greener industrial capacity. Peter Kyle said the investment, alongside other automotive research initiatives announced on the same day, would “boost economic growth, secure jobs and put more money in people’s pockets.” He added that the UK’s “modern industrial strategy” provides the stability needed for long‑term planning. Earl Wiggins, Agratas’s vice‑president for UK manufacturing, welcomed the funding, noting it will enable the company to “deliver net‑zero goals and strengthen the UK’s position as a global leader in battery manufacturing.” He projected that over 2,200 staff would be on‑site within the next year, with further growth thereafter.

Argentina's congress has approved a bill promoted by President Javier Milei that authorizes mining in ecologically sensitive areas of glaciers and permafrost, sparking widespread environmental protests. The bill, which was already approved by the senate in February, will make it easier to mine for metals such as copper, lithium, and silver in frozen parts of the Andes mountains.The chamber of deputies approved the amendment with 137 votes in favor, 111 against, and three abstentions after nearly 12 hours of debate. Environmentalists argue that the legislative changes will weaken protections for crucial water sources, with thousands protesting outside parliament, holding banners with slogans such as “Water is more precious than gold!” and “A glacier destroyed cannot be restored!”Seven Greenpeace activists were arrested earlier in the day after scaling a statue outside parliament and unfurling a banner urging lawmakers “not to betray the Argentine people”. The passage of the amendment is a new coup for Milei, who pushed through looser labor laws in February despite repeated street protests.Environmental activists, such as Flavia Broffoni, argue that there is no possibility of creating a 'sustainable mine' in a periglacial environment. Argentina has nearly 17,000 glaciers or rock glaciers, with glacial reserves in the north-west shrinking by 17% in the last decade due to climate change.Milei, a free-market radical who does not believe in human-made climate change, says the bill is necessary to attract large-scale mining projects. The Central Bank of Argentina estimates that the country could triple its mining exports by 2030. Supporters argue that the bill will provide legal certainty and clear definitions, while critics, such as Enrique Viale, warn that it threatens the water supply for 70% of Argentinians.

Oil and gas markets rallied on Thursday as investors grappled with the shaky outlook for the two‑week Iran‑Israel ceasefire. Brent crude rose more than 2% to $96.77 a barrel, while New York light crude climbed nearly 3% to $97.23, still shy of the $100 threshold that many traders watch. The previous session had seen Brent plunge 13.29% to a four‑week low of $94.75. In the gas sector, the UK month‑ahead contract rebounded 1% to 115.35p per therm after a 15% drop the day before. European natural‑gas futures also recovered, edging toward €46/MWh from a five‑week trough of €45.30. The price uptick reflects growing scepticism about the durability of the ceasefire announced a day earlier by the United States and Iran, which included a pledge to reopen the Strait of Hormuz. UAE and Kuwait reported intercepting Iranian drones, and Iran’s parliamentary speaker accused the United States and Israel of breaching several agreement points. Iran’s Revolutionary Guards warned of a “regret‑inducing response” if Israeli strikes on Lebanon continue. The latest Israeli barrage killed at least 254 people and wounded 837, prompting the Fars news agency to note that oil‑tanker traffic through the strait had been halted. Former President Donald Trump used his Truth Social platform to threaten that U.S. forces would remain in the region until a “real agreement” is fully honoured, warning that any non‑compliance would trigger “stronger than anyone has ever seen before” military action. Asian equity markets reacted negatively: Japan’s Nikkei slipped 0.7%, South Korea’s Kospi fell 1.7%, and Hong Kong’s Hang Seng edged down 0.4%. In Europe, the FTSE 100 dipped 0.1%, Germany’s DAX fell 0.6%, France’s CAC 40 dropped 0.3%, and Italy’s FTSE MIB slipped 0.2%. The pan‑European Stoxx 600 trimmed 0.1% after a near‑4% rally the day before, while U.S. futures pointed to a lower opening on Wall Street. Deutsche Bank strategist Jim Reid noted that market stress has eased compared with 24 hours earlier, as the ceasefire news generated renewed optimism and reduced fears of a stagflationary shock. On the diplomatic front, White House press secretary Karoline Leavitt announced that Vice‑President JD Vance will lead a delegation to Islamabad, with initial talks slated for Saturday morning. Jefferies chief European economist Mohit Kumar argued that, despite its fragility, the truce is likely to hold because of the “mutually assured destruction” calculus. He added that both sides now see a ceasefire as the lesser‑evil, given the escalating costs of continued conflict and the strategic challenges of securing cheap drone interceptors and a reliable Hormuz passage.