Wetin dey happen for world stage don change sharp sharp as US President Donald Trump and Iran agree to two-week ceasefire. The announcement come just two hours before deadline wey Trump set for Iran to open Strait of Hormuz or face massive attack. Pope Leo, the head of Catholic Church, don already condemn Trump earlier threat as “truly unacceptable.”
For Italy, Pope Leo talk say threat against Iran people no good at all. Him talk say na moral matter for the good of everybody. Him warn say attack on civilian infrastructure go against international law and na sign of hatred and destruction. The Pope beg make people contact their political leaders to work for peace.
Trump later announce say bombing go stop for two weeks, but only if Iran open Strait of Hormuz completely and safely. Him say Iran don send 10-point proposal wey US officials see as workable basis for negotiation. The ceasefire agreement mean say ships fit begin pass through the strait again, wey carry about 20% of world oil supply.
As news break, Australian sharemarket just shoot up. ASX 200 index rise by 228.80 points, and All Ordinaries climb 249.5 points. Market analyst Kyle Rodda talk say the moves large and predictable, but warn say risk still dey if ceasefire collapse. Gold price jump to $US4825.40 per ounce, and silver reach $US77.23.
Oil price just crash. Brent crude oil fall 14.07% to $US93.89 per barrel, while WTI crude drop 15.15% to $US95.84. Even gas price for Europe lose 18% as trading open for Wednesday. The reopening of Strait of Hormuz go help ease global energy supply problem wey don cause wahala since February.
EU leaders welcome the ceasefire. European Commission President Ursula von der Leyen talk say na much needed de-escalation. European Council President Costa urge all parties to uphold the terms for sustainable peace. EU top diplomat Kaja Kallas call am “step back from the brink.”
Pakistan Prime Minister Shehbaz Sharif don act as middleman for the negotiations. Him say ceasefire go take effect immediately and include Lebanon and other places. Sharif invite US and Iranian delegations to Islamabad on Friday to settle all disputes. Iranian leaders dey celebrate the ceasefire as victory, with Supreme National Security Council talk say nearly all war objectives don achieve.
But small confusion still dey. Israeli Prime Minister Benjamin Netanyahu office talk say ceasefire no include Lebanon, even though Pakistan Prime Minister talk say e include. Netanyahu say Israel support US decision to suspend strikes against Iran, but make sure Iran no longer pose nuclear or missile threat.
Iran foreign minister, Seyed Abbas Araghchi, thank Pakistan Prime Minister for him role. Him talk say if attacks against Iran stop, their armed forces go cease defensive operations. For two weeks, safe passage through Strait of Hormuz go possible with coordination from Iran armed forces.
Before the ceasefire agreement, Trump don threaten to destroy bridges, power plants, and water treatment facilities for Iran. That threat make Pope Leo talk say e “truly unacceptable” and call for peaceful solutions. The Pope talk say worldwide economic crisis and energy crisis for Middle East just dey provoke more hatred.
In other news, freelance journalist Shelly Kittleson don release one week after Kataib Hezbollah kidnap am for Baghdad. US Secretary of State Marco Rubio talk say US dey work to support her safe departure from Iraq. Kataib Hezbollah, one powerful Shia paramilitary group for Iraq wey Iran dey back, announce say dem release Kittleson because of Iraqi prime minister help negotiate.
The group talk say she must leave country immediately. US State Department talk say dem don warn Kittleson about threats before, and dem dey work with FBI to secure her release. US Embassy for Baghdad don tell all American citizens to leave Iraq because of attacks.
For Moscow, TASS report say gas price for Europe lose 18% as Wednesday trading open because of ceasefire news. Price of May futures contracts at TTF hub for Netherlands fall to around $518 per 1,000 cubic meters. According to Islamic Republic state television, Iran put forward ten conditions for ceasefire wey US agree to, including Tehran control over Strait of Hormuz and uranium enrichment.
CNN report say US delegation for Islamabad talks go include Vice President JD Vance, Special Envoy Steve Witkoff, and businessman Jared Kushner. The whole matter show how tension for Middle East fit affect global market and international relations within hours.
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