US envoys are traveling to Pakistan to hold talks centered on the ongoing conflict involving Iran, according to reports. The diplomatic outreach signals Washington is actively seeking a negotiated path out of the military engagement. Iran's defence ministry, for its part, says the US is looking for a face-saving exit from what it described as a war quagmire. Pakistan's role as an interlocutor reflects its position as a country with lines of communication to multiple parties in the region. The talks mark a notable shift toward diplomacy after a period of direct military involvement. For markets, any credible de-escalation would ease pressure on oil prices and regional risk premiums that have built up during the conflict. What to watch: whether Pakistan can broker a framework both sides can publicly accept, and how quickly formal channels open between Washington and Tehran.
Venezuela's earthquake death toll has reached 1,430 with the US Geological Survey warning fatalities could top 10,000, placing it among Latin America's deadliest in a century. US military planes are landing in Caracas, Washington is mobilising $150 million in aid, and rescue teams from 17 countries are on the ground.
Iranian armed forces attacked a cargo ship in the Strait of Hormuz on Thursday, briefly halting traffic through the waterway. The strike threatens a fragile US-Iran arrangement and could push shipping insurance costs and oil prices higher.
The US has struck Iran, with President Trump citing an Iranian attack on a ship in the Strait of Hormuz as justification. The action raises immediate risks for global oil flows through one of the world's most critical shipping chokepoints.
The US struck ten Iranian targets on the second consecutive day of military action, putting a fragile ceasefire under serious pressure. The escalation raises immediate risks for Gulf shipping, global oil supply, and regional stability.
