Developments In The Israel-Iran Conflict

Middle East Tensions and Ceasefire:

A major development is the announced ceasefire between Israel and Iran, with US President Donald Trump claiming both nations have agreed to a "complete and total ceasefire" to end the "12 Day War." This comes after a period of escalating strikes, including US military strikes on Iranian nuclear facilities (dubbed "Operation Midnight Hammer") and retaliatory Iranian missile attacks on US bases in Qatar.

While Trump has announced the ceasefire, the situation remains fluid with varying reports on the exact nature and confirmation of the agreement from all parties. Some reports indicate Iran launched missiles into Israel even after the declared ceasefire, causing casualties.

Concerns about the Strait of Hormuz, a critical global oil transit point, were raised but so far, major disruptions to oil and gas markets have been averted.