Washington, June 25 (IANS) The International Monetary Fund (IMF) on Thursday said the ceasefire in the Middle East and progress towards reopening the Strait of Hormuz have eased immediate risks to the global economy, although it cautioned that the full impact of the recent conflict has yet to play out.Speaking at a regular IMF press briefing, Julie Kozack, Director of the IMF’s Communications Department, said the war had once again tested the resilience of the global economy, but recent developm…
Latest Ceasefire News & Updates
Seoul, June 22 (IANS) The Seoul government has established a task force to identify country-specific cooperation needs across the Middle East to support South Korean companies’ participation in post-conflict reconstruction efforts, Foreign Minister Cho Hyun said Monday.”To facilitate South Korean companies’ participation in reconstruction efforts in the Middle East and to develop broader economic cooperation with the region, the ministry established a dedicated task force and has actively identi…
Burgenstock (Switzerland), June 22 (IANS) Negotiations between the United States and Iran continued late into the night in Switzerland on Sunday, with US officials saying discussions remained active and expressing confidence that talks launched by Vice President JD Vance had produced early progress on Iran’s nuclear programme, the Strait of Hormuz and the fragile ceasefire in Lebanon.“We still anticipate they will continue through the night,” a US official said shortly after 1:14 a.m. loca…
New Delhi, June 5 (IANS) Iran’s Ambassador to India, Mohammad Fathali, on Friday expressed Iran’s commitment to the ceasefire and dialogue. However, he emphasised that Iran’s security and sovereignty remain their red line and warned of reciprocal response at the same level if Iran faces an attack.In an interview with IANS, Fathali stated that Iran has never initiated war and has consistently called for peaceful and political solutions and accused the US forces of violating the April 8 ceasefire….
New Delhi, May 29 (IANS) Union Defence Minister, Rajnath Singh, on Friday unveiled a commemorative book on ‘Operation Sindoor’, the three-day military operation from May 7- May 10 last year, in wake of the Pahalgam terror attacks, that pulverized multiple terror hideouts inside Pakistan and also dealt a heavy blow on its air force bases.The commemorative volume will give a rare insight into the valiant and intrepid operation, as it contains the personal testimonies of 100 officers, sailors, airm…
Tehran, May 29 (IANS) Iran’s air defences were activated Thursday night in the southern province of Bushehr, with an “invading” US drone destroyed, Iran’s media reported.The semi-official Tasnim news agency cited a military source as saying that Iran’s air defenses intercepted an “invading” US drone near Bushehr by firing missiles.Meanwhile, the semi-official Fars news agency said Iran’s armed forces fired missiles at certain targets from the country’s southern regions, with some local sources r…
New Delhi, May 20 (IANS) While diplomacy could have reduced tensions in the Persian Gulf, Iran has chosen the path of “maximalist posturing” to choke the Gulf of Hormuz, resulting in the disruption of supply chains which have caused fuel, fertiliser and food prices to soar, leading to immense economic hardship in the developing countries, according to an article in International Business Times.During ceasefire discussions with the United States and other mediators, Iran reportedly attached m…
Washington, May 16 (IANS) Israel and Lebanon have agreed to a 45-day extension of their ceasefire that took effect last month, a spokesperson for the US State Department has said. “The April 16 cessation of hostilities will be extended by 45 days to enable further progress,” State Department spokesman Tommy Piggott said on X on Friday (local time).Israel and Lebanon will resume political negotiations at the US State Department on June 2-3, while their military delegates are set to launch paralle…
Tehran, May 12 (Xinhua) Iran’s Parliament Speaker Mohammad Baqer Qalibaf said that the country’s armed forces are ready to give a “lesson-teaching” response to any aggression.His remarks on social media platform X came after US President Donald Trump on Monday dismissed Iran’s Sunday response to a US proposal, warning that the ceasefire between the two countries is “on massive life support.””Our armed forces are ready to give a lesson-teaching response to any aggression,” Qalibaf said, stressing…
Kyiv, May 11 (IANS) Ukrainian President Volodymyr Zelensky said that Ukraine has submitted to the Russian side a list of 1,000 detainees for the planned prisoner exchange, according to the presidential press service.”The prisoner exchange, 1,000 for 1,000, is being prepared and must take place. The Americans assumed responsibility for these guarantees,” Zelensky said in his evening address on Sunday.He also stressed that the conflict with Russia must be brought to an end and reliable security mu…