The global market has seen a stabilization in crude oil prices, with Brent crude reaching $95 per barrel and WTI trading at $85 per barrel. U.S. President Donald Trump has claimed that the Iran deal will be a “big deal” and is not looking for further extensions in the ceasefire. On the other hand, European and Asian stock markets have seen a significant surge, with Korea’s Kospi rising 2.72%, Japan’s Nikkei, and Hong Kong’s Hang Seng Index also showing gains.
Pakistan’s stock market, the PSX-100, has reached 1,74,349 points, an increase of 2,152 points. French President Emmanuel Macron has announced the death of a French diplomat injured in Lebanon. UAE Prime Minister Mohammed bin Rashid Al Maktoum has announced that a new metro line in Dubai will be operational by September this year, costing $26 billion. Trump has expressed optimism about the upcoming Iran-U.S. talks, stating that a good news is expected in the next round of negotiations.
Indonesia has condemned Israel’s flag-raising over the debris of the Indonesian hospital in Gaza. The crisis is not expected to subside anytime soon, with Iranian officials stating that it is as severe as the crises of 1973 and 2022. Iranian officials have claimed that they have confiscated two ships in the Strait of Hormuz for alleged violations. The Iranian Revolutionary Guard Corps (IRGC) has stated that it will take action when diplomacy is deemed ineffective.
The situation in Afghanistan remains uncertain, with the country continuing to be absent from the UN General Assembly for the fourth consecutive year. A report by the International Organization for Migration (IOM) has revealed that 7,904 migrants have been killed or gone missing on various routes between 2022 and 2025. Trump has reportedly extended the ceasefire with Iran from 3 to 5 days. The IRGC has alleged that it has seized two ships in the Strait of Hormuz for alleged violations.
The Iranian government has announced that it will make solar systems mandatory for all energy consumers, with the National Electric Power Regulatory Authority (NEPRA) licensing becoming a requirement for all solar system installers. Pakistan Cricket Board (PCB) has launched an investigation into Mohammad Nawaz’s positive COVID-19 test. Dr. Haseeb Ahsan has been appointed as the new Chairman of the Board of Governors of the National Institute of Cardiovascular Diseases (NICVD). A woman karate athlete has succumbed to her injuries after falling off a scooter in Quetta.
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