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Time:2026-06-16T07:57:52Z

The U.S. and Iran reach an initial deal to end hostilities and reopen the Strait of Hormuz, though shipping remains cautious and Iran signals 'fees' on passage. At the World Cup, Iran's team draws with New Zealand in a match that highlights deep divisions between Iranian fans at home and protesters abroad. Japan's central bank raises interest rates to their highest level since 1995 to combat war-driven inflation. G7 leaders open their summit in France, with Ukraine, the Middle East, and the Iran deal dominating the agenda.

World Cup match stirs division among Iranians worldwide

World Cup match stirs division among Iranians worldwideIran's World Cup match against New Zealand ended in a 2-2 draw in Los Angeles, but the game highlighted deep political divisions among Iranians. Iranian-Americans staged protests against the team, while fans at home rallied behind the players in a rare moment of national unity. The Guardian described a 'beautiful moment' as fans of both teams joined in World Cup fervour together. The match unfolded against the backdrop of the recent U.S.-Iran war and peace deal, adding layers of political tension to the sporting event.

Japan raises rates to highest level since 1995

Japan raises rates to highest level since 1995Japan's central bank raised interest rates to their highest level in 31 years, citing the need to ward off war-driven inflation. The rate hike marks a historic shift for an economy long accustomed to ultra-low interest rates. Analysts say the move reflects growing global price pressures stemming from the conflict in the Middle East and its impact on energy prices. The decision brings Japan's borrowing costs to levels not seen since the mid-1990s.

Trump says Strait of Hormuz reopened, shipping remains hesitant

Trump says Strait of Hormuz reopened, shipping remains hesitantPresident Donald Trump announced that the Strait of Hormuz has been reopened under a deal reached Sunday with Iran, but shipping industry sources report most vessels are staying put. The U.S. and Iran agreed to an initial deal to end hostilities and reopen the strategic waterway, with NPR reporting a demining and escort mission being discussed among U.S. allies. Iran has indicated the strait will not have 'tolls' but will have 'fees,' and uncertainty remains about the actual safety of transit.

Iranians skeptical of fragile peace deal with US

Iranians skeptical of fragile peace deal with USAs the U.S. and Iran reach a tentative deal to pause the war, many Iranians remain unconvinced that lasting peace has arrived. Reports from Al Jazeera and SCMP describe a 'fragile freeze' rather than a true resolution, with deep distrust on both sides. Trump stated Iran 'agreed to never have a nuclear weapon,' but questions about enforcement and the terms of the Strait of Hormuz reopening persist. The deal marks a pause in hostilities but leaves fundamental disagreements unresolved.

G7 summit opens in France with Iran deal, Ukraine on agenda

G7 summit opens in France with Iran deal, Ukraine on agendaG7 leaders gathered in France for their annual summit, with the newly announced U.S.-Iran deal and the war in Ukraine topping the agenda. Zelenskyy joined the talks as leaders discussed continued support for Ukraine. Trump touted his Iran deal achievement and signaled ambition to also resolve the Ukraine conflict. Canadian PM Carney 'welcomed' the Iran peace progress. The summit is expected to shape the West's strategic position on both conflicts.