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.
The United States is discussing a possible second round of peace talks with Iran in Pakistan and is optimistic about reaching a deal, US officials said
Pakistan’s army chief is set to meet with Iranian officials in Tehran on Thursday in a bid to ease tensions in the Middle East and arrange a second round of negotiations between the United States and Iran after almost seven weeks of war.
A gunman has opened fire at a secondary school in the city of Kahramanmaras in south-eastern Türkiye, a local governor has said. It is the second such incident in the country in as many days.
US President Donald Trump has said he is “permanently opening” the Strait of Hormuz, claiming he is making the move for China “and the world.” Trump also said Beijing has agreed “not to send weapons to Iran.”
Iran could consider allowing ships to pass freely through the Omani side of the Strait of Hormuz if the US offers concessions, Reuters reported on Wednesday, citing a source briefed by Tehran.
