Optimism is growing that the Middle East conflict may be nearing de-escalation as Pakistan plays a key mediating role between Iran and the United States. Talks focus on a possible ceasefire, nuclear tensions, and the reopening of the Strait of Hormuz. However, investors remain cautious amid repeated diplomatic setbacks.
Dubai’s iconic Burj Al Arab will temporarily close for an 18-month renovation, marking its first major upgrade since opening in 1999, amid declining regional tourism.
The military adviser to Iran's supreme leader Mojtaba Khamenei on Wednesday warned that Iran would sink American ships in the Strait of Hormuz if the United States decided to "police" the key shipping bottleneck.
Pakistan's Prime Minister Shehbaz Sharif is to embark on a four-day diplomatic blitz to Saudi Arabia, Qatar and Turkey on Wednesday, Islamabad's foreign ministry said
Pakistan has proposed hosting a second round of talks between the United States and Iran in Islamabad in the coming days, before the end of the ceasefire, two Pakistani officials said.