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Footage captured on the streets of Tehran shows small groups of citizens gathering around Enghelab Square – a historic rally point for pro‑regime supporters – some waving Iranian flags, others draped over their backs. The atmosphere is far from uniform; debates and arguments erupted shortly after the ceasefire announcement, reflecting a spectrum of emotions from shock to tentative hope.The video, posted by Majid Nouri – son of former prison official Hamid Nouri – includes his running commentary. He notes that the discussions began around 3 a.m. and continued into the morning, with participants expressing both anger and disbelief. "In no way do we trust America," Nouri declared, echoing a sentiment he says is shared by virtually every Iranian.Pro‑government demonstrators were heard chanting "Death to America, death to Israel, death to compromisers!" and burning U.S. and Israeli flags, according to the Associated Press. The chants persisted despite attempts by organizers to calm the crowd, underscoring the depth of anti‑Western feeling among hardliners.While the ceasefire halted active hostilities, the war has already claimed at least 1,900 lives in Iran. With internet services largely blacked out, gauging the broader public mood is challenging, but pockets of Tehran reported subdued celebrations in the early hours of Wednesday.Local resident Ali, a 31‑year‑old, summed up the prevailing uncertainty: "Most people here don’t trust the US and still don’t know exactly what is going to happen, so they are unsure whether they should be happy or worried." He warned that the ceasefire’s two‑week duration offers no guarantee of lasting peace.Business owners are beginning to test the waters. Hamid, a 43‑year‑old shopkeeper whose grocery and cleaning‑supplies store closed after the February bombings, said, "Today feels like there is no war," and he has reopened his shop, hoping to recover lost income for his family.Iranian officials are framing the pause as a diplomatic victory. Former foreign minister Ali Akbar Velayati posted on X that the conflict has reshaped the global power balance, positioning Iran within a new multipolar order. President Masoud Pezeshkian praised the ceasefire as the fruit of the blood of Iran’s “great martyred leader” and the collective will of the people.Strategically, the ceasefire highlights Tehran’s ability to disrupt the vital Strait of Hormuz, a chokepoint for global oil shipments. Analysts note that this leverage could bolster Iran’s negotiating stance, even as former U.S. President Donald Trump previously warned that a full‑scale clash would threaten "a whole civilisation." As sunrise illuminated the capital, daily life resumed with shops reopening and traffic returning to the streets, yet the prevailing mood remains a blend of exhaustion, cautious optimism, and lingering mistrust of the United States.

Oil markets experienced a dramatic correction on Wednesday, with Brent crude falling 13.9% to $94.10 per barrel and U.S. WTI futures sliding almost 16% to $95, marking the steepest daily percentage drop since the COVID‑19 crash of April 2020. Despite the plunge, prices remain well above pre‑conflict levels, when Brent traded below $73.The price shock followed President Donald Trump's announcement of a two‑week, conditional ceasefire with Iran, contingent on Tehran reopening the strategic Strait of Hormuz for oil tankers. Iran’s foreign minister, Abbas Araghchi, confirmed the strait would be managed by the Iranian military during the grace period, while Iran’s national security council accepted the ceasefire on the condition that U.S. attacks be halted.Equity markets reacted positively. The pan‑European Stoxx 600 surged 4%, its biggest one‑day gain in over four years. In the UK, the FTSE 100 climbed nearly 3% to 10,646 points, its highest level since the early days of the Iran war. Travel and leisure stocks led the rally, with Air France up 14.5%, Lufthansa +11%, IAG +9.5% and TUI +12%.Oil majors were the notable laggards; BP and Shell each lost more than 5% as investors priced in continued supply uncertainty. Asian markets also posted strong gains: Japan’s Nikkei 225 rose over 5%, Australia’s S&P;/ASX 200 jumped 2.55%, South Korea’s Kospi surged 7.5%, Hong Kong’s Hang Seng added 3.1% and China’s CSI300 climbed 3.2%.Bond yields eased on the ceasefire news. The U.S. 10‑year Treasury yield fell to 4.24% from 4.30%, while the UK 10‑year gilt slipped to 4.7% from 4.9%.Safe‑haven assets rallied as well: gold rose more than 2% to $4,812 per ounce, and cryptocurrencies recovered, with Bitcoin up 2.9% to $71,327 and Ether gaining 5.6% to $2,234.Market strategists emphasized the provisional nature of the relief. Jim Reid, Deutsche Bank markets strategist, warned that “investors will be breathing a big sigh of relief, but the durability of the ceasefire remains the key risk.” He noted ongoing Israeli‑Iran strikes and unclear extensions to Lebanon could reignite volatility.Energy analyst Saul Kavonic (MST Financial) described the pause as “an off‑ramp for Trump’s bombastic ultimatum, but not yet an off‑ramp for oil markets or the war.” He expects a limited release of tankers from Hormuz in May, which would ease storage pressure without boosting production.Capital Economics chief economist Neil Shearing highlighted potential transit fees for Hormuz passage, estimating a $1‑2 million charge per tanker—equivalent to roughly $1 per barrel—would have a modest effect on global oil prices but could signal a de‑facto partial nationalisation of the route.TD Securities senior strategist Prashant Newnaha cautioned that “renewed escalation cannot be ruled out, but markets are treating this ceasefire as the real deal, and all parties will sell it as a major win.” He added that oil prices are unlikely to revert to pre‑war levels, keeping inflationary pressures alive.Earlier in the week, U.S. equities swung sharply, with the S&P; 500 dipping 1.2% before rebounding after Pakistan’s prime minister urged Trump to extend the deadline and keep the strait open.The conflict, which began after the U.S. and Israel struck Iranian targets in late February, has choked the Strait of Hormuz—through which about 20% of global oil and LNG supplies flow—fueling a worldwide energy crunch.

US President Donald Trump has suspended a planned bombing of Iran for two weeks following mediation by Pakistan. The decision was announced on Tuesday evening, hours before the planned attack.Trump took to his social media platform Truth Social to reveal that, based on conversations with Pakistani Prime Minister Shehbaz Sharif and Field Marshal Asim Munir, he had agreed to hold off the attack on the condition that Iran re-open the Strait of Hormuz.“Based on conversations with Prime Minister Shehbaz Sharif and Field Marshal Asim Munir, of Pakistan, and wherein they requested that I hold off the destructive force being sent tonight to Iran, and 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,” Trump wrote.The announcement came just under one and a half hours before Trump’s 8pm (00:00 GMT) deadline for the attack. Earlier in the day, Trump had posted a menacing message on social media, stating, “A whole civilization will die tonight, never to be brought back again. I don’t want that to happen, but it probably will.”Trump claimed victory against Iran, stating that Tehran had delivered a feasible ceasefire proposal. He described it as a “double sided CEASEFIRE” and mentioned that the US had “already met and exceeded all Military objectives.”Despite the temporary halt, it remains unclear to what extent Trump will pursue his military offensive, which had previously included threats to target power plants, bridges, and other civilian infrastructure.

The ongoing conflict between the US, Israel, and Iran has led to a significant disruption in global fuel supplies, causing a surge in energy prices. The Strait of Hormuz blockade and air strikes on key energy facilities in the Gulf have resulted in a nearly complete halt to shipping through the strait, which is a critical route for oil and liquefied natural gas (LNG) exports. Egypt's government has announced several measures to mitigate the impact of the crisis on its energy resources. These include reducing fuel allocations for government vehicles by 30 percent, cutting street lighting and advertisement lighting by 50 percent, and implementing 9pm shutdowns for shops, malls, and restaurants from March 28, except on Thursdays and Fridays. Additionally, eligible employees will work remotely on Sundays starting April 1, with some essential services exempted from this policy. The country's energy import bill has increased from $1.2bn in January to $2.5bn in March, putting pressure on Egypt's economy, which is already heavily indebted. The government has also raised fuel prices by 14-30 percent to manage demand and conserve state energy resources. Other countries are also taking steps to conserve energy. Malaysia has ordered civil servants to work from home, while Pakistan has imposed restrictions on market and shopping mall operating hours. Bangladesh has reduced working hours for government and private workers, and Sri Lanka and Slovenia have introduced fuel rationing and purchase limits to manage shortages and soaring costs.

The World Health Organization (WHO) has suspended medical evacuations from Gaza to Egypt after a contract worker was killed by Israeli fire. The incident occurred on Monday, and WHO Director General Tedros Adhanom Ghebreyesus expressed his devastation over the confirmation of the worker's death.The WHO did not elaborate on the incident but stated that it was under investigation by the relevant authorities. Two staff members who were present during the incident were not injured. The medical evacuation of patients from Gaza via Rafah to Egypt, which had been planned for Monday, was suspended, and further evacuations will remain suspended until further notice.The Rafah crossing, which is the only crossing in Gaza that does not link to Israel, was reopened in February after a long closure by the Israeli military. This crossing is crucial for the entry of humanitarian supplies and for those in need of medical aid to leave and seek treatment abroad. The WHO has been overseeing coordination between Egypt and Israel since the opening of the Rafah crossing to facilitate those evacuations.However, crossing numbers have been far below expectations due to intense checks during the process by the Israeli authorities. Israel has also continued to limit the entry of humanitarian aid into the besieged territory and shut the crossing in the early days of the United States-Israeli war on Iran. Israel has repeatedly violated the ceasefire that came into force on October 10 after two years of devastating war.Referring to the incident on Monday in which a driver of a WHO car was killed, Israel's mission in Geneva said troops identified an unmarked vehicle approaching them and posing an immediate threat and they fired warning shots in response. The vehicle continued to accelerate towards the troops, who then responded with additional fire, and a hit was identified. The incident is under review.

In an urgent 11‑hour appeal posted on X, Pakistani Prime Minister Shehbaz Sharif asked U.S. President Donald Trump to push back the deadline for his proposed Iran deal by two weeks. Sharif also called on Tehran to fully reopen the Strait of Hormuz for the same period, framing the move as a goodwill gesture that could bolster ongoing diplomatic talks aimed at ending the U.S.–Israeli war on Iran. Sharif wrote that “Diplomatic efforts for peaceful settlement of the ongoing war in the Middle East are progressing steadily, strongly and powerfully with the potential to lead to substantive results in the near future,” and added that a temporary cease‑fire across the region would give negotiations a chance to succeed. The White House, through press secretary Karoline Leavitt, confirmed that President Trump is aware of Pakistan’s proposal and that an official response will be forthcoming. Meanwhile, a senior Iranian official told Reuters that Tehran is “positively reviewing” the request. Trump has intensified his rhetoric, warning on Truth Social that the United States would “destroy the Iranian civilization” if Tehran does not fully open the Strait of Hormuz and comply with his terms. Iran has responded by nearly halting maritime traffic through the waterway, which carries about one‑fifth of the world’s oil and LNG shipments, as retaliation for recent U.S.–Israeli strikes on Iranian soil. The Islamic Revolutionary Guard Corps warned it would not hesitate to strike back if U.S. forces target civilian facilities. In parallel, Israel has launched attacks on Iranian railways and bridges, while Iranian forces have struck targets in Bahrain, Qatar and the United Arab Emirates. A Pakistani source speaking to Al Jazeera noted that “we’re at a dangerous escalation, but the possibility of diplomacy can’t be ruled out till the last minute,” emphasizing Islamabad’s commitment to keeping all diplomatic channels open despite internal opposition. Legal experts have warned that Trump’s threats to target civilian infrastructure could amount to a war crime. Yale University professor and U.S. legal scholar Oona Hathaway warned that any such action would become “exhibit A” in future war‑crimes tribunals, noting that there is no statute of limitations for these offenses. As the deadline looms, the international community watches to see whether Trump will grant the requested extension, whether Iran will reopen the strategic strait, and whether diplomatic momentum can translate into a lasting cease‑fire in the volatile Middle East.

Majdi Aslan, a 54‑year‑old WHO driver, was killed on Monday when Israeli troops opened fire on a vehicle carrying World Health Organization staff in eastern Khan Younis. Several other passengers, including a WHO doctor, sustained injuries.The incident occurred near the so‑called yellow line on Salah al‑Din Street, an area that has seen near‑daily Israeli strikes since a fragile ceasefire was brokered in October. Gaza’s Health Ministry reports that more than 700 Palestinians have been killed in the renewed wave of violence.According to Al Jazeera correspondent Hani Mahmoud, Israeli forces fired indiscriminately at people and vehicles traveling along the road. A civilian commercial vehicle was followed by a car transporting WHO personnel; the WHO driver was hit in the head and later pronounced dead at Al‑Aqsa Hospital, while roughly seven others were wounded.WHO did not immediately confirm the victim’s employment but issued a statement saying a “critical security incident” had occurred and that medical evacuations from Gaza via the Rafah crossing were suspended with immediate effect. The organization has been coordinating limited patient transfers through Rafah since the crossing reopened earlier this year.The suspension comes as Israel continues to restrict humanitarian aid entry and has repeatedly closed the Rafah crossing, especially as the broader U.S.–Israel conflict with Iran draws international focus. The halt threatens the already strained access to life‑saving treatment for thousands of injured Palestinians.Elsewhere on Monday, a Palestinian man with special needs was killed by Israeli soldiers in southern Khan Younis, a drone strike in Gaza City claimed a 36‑year‑old civilian, and two more Palestinians died in drone attacks on the Yarmouk and Shujayea neighborhoods. Hospital sources say eight Palestinians have been killed by Israeli air strikes outside areas under Israeli control since Sunday.

Ukraine's military has launched a significant drone strike on Russian energy infrastructure in the Black Sea, targeting the port of Novorossiysk. According to Ukrainian drone forces commander Robert Brovdi, the overnight attack hit the Admiral Makarov missile carrier in the port, which serves as Russia's largest oil exporting outlet on the Black Sea.The attack is part of Ukraine's broader strategy to disrupt Russian energy exports and reduce Moscow's revenues. Ukraine has increased its attacks on Russian energy infrastructure in recent weeks, aiming to halt Russian oil exports and impact the Russian economy.Russian authorities reported that at least eight people, including two children, were injured in Novorossiysk. Videos posted on Telegram showed a fire at one of the oil port's docks. Novorossiysk Mayor Andrei Kravchenko stated that debris from drones had fallen on two locations in the city, including a residential area.Russia's military claimed that air defense units had downed 148 Ukrainian drones over a three-hour period. The Caspian Pipeline Consortium (CPC) terminal, located in the Novorossiysk port area, exports oil from Kazakhstan and has major US oil companies, such as Chevron and ExxonMobil, as shareholders.The attack on Novorossiysk comes amid a series of Ukrainian drone strikes on Russian oil infrastructure. On the previous day, Ukrainian drones struck Russia's Baltic Sea port of Primorsk and the NORSI oil refinery in Nizhny Novgorod. These attacks are part of Ukraine's efforts to reduce Moscow's revenues from oil sales, which are crucial for the Russian economy.In response to the attacks, Russia's Ministry of Defence accused Ukraine of deliberately targeting the CPC terminal to inflict economic damage on its largest shareholders, including US and Kazakh energy companies.

Tadej Pogacar, the winner of the Tour of Flanders for a record-equalling third time, is among the riders under investigation for allegedly running a red light at a railway crossing during the race on Sunday. The incident occurred when Pogacar, along with a group of riders, proceeded through the crossing without stopping, while most of the peloton behind them had to halt before the railway. Belgian officials have confirmed that an investigation is underway into the riders who allegedly ran the red light. Although no further details were provided immediately, local media reports suggest that the riders could face fines ranging from €320 to €4,000 (£279 to £3487) and a driving ban of eight days if found guilty. Pogacar, who rides for UAE Team Emirates-XRG, explained after the race that the signal to stop came too late for them. He described the situation, saying, “Suddenly three guys jump on the middle of the road and start waving to stop. How can you stop in one second? I think they could prevent this by stopping us before, no? Not 10 metres before the crossing. I was thinking: ‘Maybe it’s like some protesters or something crazy is going on.’” The Belgian newspaper Het Laatste Nieuws reported that the East Flanders public prosecutor’s office intends to prosecute the riders. Riders could face significant penalties, including fines and a driving ban, if convicted. Race officials ordered the riders who went through the red light to slow down so the rest of the peloton could catch up. The Tour of Flanders, also known as De Ronde (the Tour), is one of cycling’s most challenging one-day races and a “monument” of the sport. This year’s 278km route featured 16 short but punishing climbs and several cobblestone sections. Pogacar’s victory was notable, but the incident has overshadowed his achievement.