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US President Donald Trump has claimed he is having 'productive' conversations with Iran, leading to a five-day pause in US strikes on Iranian power plants and energy infrastructure. However, Tehran denies these talks exist, casting doubt on the situation.If real, these talks would be a welcome de-escalatory step, but they also indicate that Trump's threat of war risked severe consequences that could damage more than just the intended target.Meanwhile, Israel is advancing measures in the West Bank that shift its occupation to annexation. The Israeli cabinet approved land registration in roughly half of the West Bank, which could lead to large-scale dispossession of Palestinians. This move is illegal under international law, according to the Israeli liberal advocacy organization Peace Now.Settlers have been reported to have imposed a reign of terror in the West Bank, with Israeli forces seemingly turning a blind eye. The Guardian reported coordinated settler attacks across Palestinian villages, including arson and violent assaults.The article suggests that Israel's moves may be driven by a desire to consolidate territorial control while US support is still available. With many Americans questioning the cost of the alliance, Israel may be trying to lock in favorable outcomes before the situation changes.

Global stock markets swung wildly on Monday as investors reacted to US President Donald Trump's decision to postpone military strikes on Iranian power plants. The move led to a relief rally in European markets, with the French Cac 40, Spanish Ibex, and German Dax all rising by 0.8%, 1%, and 1.2% respectively.The FTSE 100 share index, which had fallen by almost 1.5% in early trading, reversed course to gain 0.4% before paring back to close down 0.2%. US markets were up more than 1% in early afternoon trading on Wall Street.Oil prices, which had been rising after Trump threatened to strike Iranian infrastructure, dropped sharply. Brent crude, the international benchmark, fell 10% to $101 a barrel. The UK month-ahead gas prices fell 6% to 142p a therm.Trump announced on his social media platform Truth Social that the US and Iran had “very good and productive conversations” over the past two days regarding “a complete and total resolution of our hostilities in the Middle East”. He said he had instructed the Department of War to postpone any and all military strikes against Iranian power plants and energy infrastructure for a five-day period, subject to the success of ongoing meetings and discussions.The global economy has been bracing for much higher oil prices due to disruption in the strait of Hormuz, with Goldman Sachs forecasting Brent crude will average $85 a barrel this year, up from previous expectations of $77 a barrel. Brent hit $119.50 a barrel earlier this month, the highest since the war began.