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Oil and gas markets rallied on Thursday as investors grappled with the shaky outlook for the two‑week Iran‑Israel ceasefire. Brent crude rose more than 2% to $96.77 a barrel, while New York light crude climbed nearly 3% to $97.23, still shy of the $100 threshold that many traders watch. The previous session had seen Brent plunge 13.29% to a four‑week low of $94.75. In the gas sector, the UK month‑ahead contract rebounded 1% to 115.35p per therm after a 15% drop the day before. European natural‑gas futures also recovered, edging toward €46/MWh from a five‑week trough of €45.30. The price uptick reflects growing scepticism about the durability of the ceasefire announced a day earlier by the United States and Iran, which included a pledge to reopen the Strait of Hormuz. UAE and Kuwait reported intercepting Iranian drones, and Iran’s parliamentary speaker accused the United States and Israel of breaching several agreement points. Iran’s Revolutionary Guards warned of a “regret‑inducing response” if Israeli strikes on Lebanon continue. The latest Israeli barrage killed at least 254 people and wounded 837, prompting the Fars news agency to note that oil‑tanker traffic through the strait had been halted. Former President Donald Trump used his Truth Social platform to threaten that U.S. forces would remain in the region until a “real agreement” is fully honoured, warning that any non‑compliance would trigger “stronger than anyone has ever seen before” military action. Asian equity markets reacted negatively: Japan’s Nikkei slipped 0.7%, South Korea’s Kospi fell 1.7%, and Hong Kong’s Hang Seng edged down 0.4%. In Europe, the FTSE 100 dipped 0.1%, Germany’s DAX fell 0.6%, France’s CAC 40 dropped 0.3%, and Italy’s FTSE MIB slipped 0.2%. The pan‑European Stoxx 600 trimmed 0.1% after a near‑4% rally the day before, while U.S. futures pointed to a lower opening on Wall Street. Deutsche Bank strategist Jim Reid noted that market stress has eased compared with 24 hours earlier, as the ceasefire news generated renewed optimism and reduced fears of a stagflationary shock. On the diplomatic front, White House press secretary Karoline Leavitt announced that Vice‑President JD Vance will lead a delegation to Islamabad, with initial talks slated for Saturday morning. Jefferies chief European economist Mohit Kumar argued that, despite its fragility, the truce is likely to hold because of the “mutually assured destruction” calculus. He added that both sides now see a ceasefire as the lesser‑evil, given the escalating costs of continued conflict and the strategic challenges of securing cheap drone interceptors and a reliable Hormuz passage.

Israeli forces launched a series of coordinated strikes across Lebanon on Wednesday, killing dozens and wounding hundreds, just hours after a ceasefire was announced in the US-Israeli war on Iran. The attacks, which targeted areas in Beirut, the Bekaa Valley, and southern Lebanon, were the largest coordinated strike by Israel since it began a new military operation in Lebanon on March 2. The Israeli military carried out a surprise strike on hundreds of Hezbollah terrorists at command centers across Lebanon, according to Israeli Defence Minister Israel Katz. The strikes targeted Hezbollah infrastructure, with over 100 Hezbollah command centers and military sites hit. Lebanon's Ministry of Public Health reported that dozens of people were killed and hundreds wounded in the attacks. The Lebanese Red Cross said 100 of its ambulances were responding to the attacks, with teams working to transport the injured to hospitals. Hospitals were overcrowded, and health officials warned of a dire situation. Israeli Prime Minister Benjamin Netanyahu had earlier stated that the US-Iran truce excluded Lebanon, a country Israel has invaded in a new campaign against the armed group Hezbollah. Lebanese Prime Minister Nawaf Salam condemned the attacks, saying Israel was killing 'defenceless civilians' and showing disregard for international law. The violence has resulted in over 1,530 people killed in Lebanon since March 2, including women and children, and over 1.2 million people displaced. The situation remains volatile, with Hezbollah warning of a response from Iran and its allies if Israel does not adhere to a ceasefire.

Israeli air raids have torn through densely populated commercial and residential districts in central Beirut without warning, striking the heart of the capital just hours after a ceasefire was announced in the United States-Israeli war with Iran.Lebanon’s Ministry of Public Health reported that dozens of people had been killed and hundreds wounded, stressing that the figures were preliminary and likely to rise as rescue workers sifted through the rubble.Israel had already claimed that the truce did not apply to its conflict with Hezbollah in Lebanon, despite mediator Pakistan saying the agreement extended to that front as well.The Israeli military described the bombardment as the largest coordinated strike of the current war, with more than 100 Hezbollah-linked targets hit within 10 minutes in Beirut, southern Lebanon and the eastern Bekaa Valley.Several of the strikes landed in busy commercial areas, sending residents fleeing in panic as sirens wailed and glass and debris carpeted the streets.Lebanon’s National News Agency said at least five neighbourhoods in Beirut’s central and coastal districts were hit.The Israeli military said it had targeted missile launchers, command centres and intelligence infrastructure, and accused Hezbollah of using civilians as human shields.Residents and local officials, however, insisted that the buildings struck were not military sites.While Israel has regularly bombed southern and eastern Lebanon, as well as Hezbollah strongholds in Beirut’s southern suburbs, it had rarely carried out attacks in central Beirut since the latest round of fighting with the group began on March 2.Israeli air strikes in Lebanon have killed more than 1,530 people so far, and have forced at least 1.2 million people to flee their homes.

Offset, the former Migos member, was wounded in a shooting outside the Seminole Hard Rock hotel and casino in Florida on Monday and is currently listed as stable while being closely monitored by medical staff.The incident occurred in the valet parking zone of the venue, according to the artist’s spokesperson, who confirmed that the rapper – whose legal name is Kiari Kendrell Cephus – was promptly taken to a nearby hospital.Law enforcement officials detained two individuals in connection with the case, and the Seminole police department issued a statement emphasizing that the location remains secure and poses no danger to the public.Details surrounding the motive or events leading up to the shooting have not been released, and investigators are continuing to gather evidence.Offset, who was previously married to fellow rapper Cardi B and shares three children with her, has been a prominent figure in the hip‑hop scene since the rise of Migos. The group gained fame with the 2013 hit “Versace” and later secured Grammy nominations for albums such as 2017’s Culture. Their chart‑topping collaborations include “Bad and Boujee” with Lil Uzi Vert and “MotorSport” featuring Nicki Minaj and Cardi B.The shooting revives memories of the 2022 murder of Migos member Takeoff, who was killed outside a Houston bowling alley. The alleged shooter, Patrick Clark, maintains his innocence and is slated for trial in November.In personal news, Cardi B filed for divorce from Offset in 2024, ending their secret 2017 marriage.Associated Press contributed to this report.

Majdi Aslan, a 54‑year‑old WHO driver, was killed on Monday when Israeli troops opened fire on a vehicle carrying World Health Organization staff in eastern Khan Younis. Several other passengers, including a WHO doctor, sustained injuries.The incident occurred near the so‑called yellow line on Salah al‑Din Street, an area that has seen near‑daily Israeli strikes since a fragile ceasefire was brokered in October. Gaza’s Health Ministry reports that more than 700 Palestinians have been killed in the renewed wave of violence.According to Al Jazeera correspondent Hani Mahmoud, Israeli forces fired indiscriminately at people and vehicles traveling along the road. A civilian commercial vehicle was followed by a car transporting WHO personnel; the WHO driver was hit in the head and later pronounced dead at Al‑Aqsa Hospital, while roughly seven others were wounded.WHO did not immediately confirm the victim’s employment but issued a statement saying a “critical security incident” had occurred and that medical evacuations from Gaza via the Rafah crossing were suspended with immediate effect. The organization has been coordinating limited patient transfers through Rafah since the crossing reopened earlier this year.The suspension comes as Israel continues to restrict humanitarian aid entry and has repeatedly closed the Rafah crossing, especially as the broader U.S.–Israel conflict with Iran draws international focus. The halt threatens the already strained access to life‑saving treatment for thousands of injured Palestinians.Elsewhere on Monday, a Palestinian man with special needs was killed by Israeli soldiers in southern Khan Younis, a drone strike in Gaza City claimed a 36‑year‑old civilian, and two more Palestinians died in drone attacks on the Yarmouk and Shujayea neighborhoods. Hospital sources say eight Palestinians have been killed by Israeli air strikes outside areas under Israeli control since Sunday.

President Donald Trump announced that the US military has successfully rescued a missing American fighter jet crew member from a remote part of Iran. The Air Force officer went missing after his F-15 jet was downed on Friday, with the pilot being quickly rescued, but a search had to be launched for the F-15's weapons systems officer. In a Truth Social post on Sunday, Trump wrote that the US had rescued the second airman, described as 'seriously wounded, and really brave,' from 'deep inside the mountains of Iran.' A firefight between US and Iranian forces reportedly took place in Kohgiluyeh and Boyer-Ahmad province before the rescue, though Iran has not confirmed this. The rescue mission involved two raids, with the pilot being rescued in 'broad daylight' during the second raid. Trump noted that the type of rescue mission that recovered him 'is seldom attempted because of the danger to man and equipment.' The operation reportedly involved dozens of aircraft carrying 'lethal weapons.' Iran had also been racing to locate the airman, with Tehran calling on the public to hand over the soldier to the authorities. Iran's Islamic Revolutionary Guard Corps claimed that Iranian forces had destroyed two C-130 aircraft and two Black Hawk helicopters during the operation. This incident is part of a broader conflict that has resulted in the loss of 13 US service members and wounded over 300, according to the US military's Central Command. The US has lost several military assets, including three F-15 fighter jets in a friendly fire incident over Kuwait and a military refueling aircraft over Iraq.

At least ten displaced Palestinians were killed and dozens more wounded, including six in critical condition, after Israeli drones launched two missiles near a school housing refugees in the central Gaza Maghazi refugee camp, health officials reported. The strike occurred amid clashes between residents and an Israeli‑backed militia that had allegedly attempted to abduct people from the school. Witnesses said the militia’s leader later claimed to have killed five Hamas members, a statement that could not be independently verified. According to Al‑Aqsa Martyrs Hospital, the victims were struck east of the camp, where residents were trying to defend their homes. "The residents tried to defend their homes, but the occupation forces targeted them directly," said Ahmed al‑Maghazi to Reuters. The Maghazi camp, once one of the smallest Palestinian refugee enclaves with roughly 30,000 residents, has seen its population more than triple since the war began, according to UNRWA. Despite being designated by the Israeli military as a "safe zone," the area has suffered multiple lethal attacks, including a December 2023 strike that killed over 100 civilians, primarily women and children. Earlier on the same day, a World Health Organization (WHO) staff member was killed and several others injured when Israeli forces opened fire on a WHO vehicle, underscoring the broader risk to humanitarian personnel in the region. The latest incident highlights the fragility of ceasefire arrangements reached in October and raises urgent questions about the protection of civilians in areas purportedly shielded from conflict.

Israeli air and ground attacks on Lebanon on Sunday claimed at least 14 lives, including four civilians in Beirut’s southern suburbs and ten people in the south, among them a family of six. The strikes also left 39 wounded in the Jnah neighbourhood, just 100 metres from the Rafik Hariri University Hospital, Lebanon’s largest public medical centre. The violence follows a broader Israeli campaign launched on 2 March after Hezbollah fired rockets in response to the U.S.–Israel war on Iran. Since then, Israel has combined aerial bombardments, drone strikes and a limited ground incursion into southern Lebanon. Hezbollah announced on Sunday that it had fired a cruise missile at an Israeli warship stationed 126 km off the Lebanese coast, a claim that the Israeli military has not confirmed. In a separate statement, the Israeli defence forces said they had begun targeting “Hezbollah infrastructure sites” in Beirut’s southern suburbs, though they provided no public evidence of the alleged targets. On Saturday, Israel warned it would strike the Masnaa border crossing – the main trade gateway between Lebanon and Syria. The Lebanese side evacuated the post, and the Syrian authority, represented by Mazen Aloush of the General Authority for Borders and Customs, stressed that the crossing is “exclusively for civilian use” and announced a temporary suspension of traffic. According to Lebanese officials, Israeli attacks since early March have resulted in over 1,400 deaths, including 126 children, and have displaced more than 1.2 million people. In the southern town of Kfar Hatta, an Israeli strike killed seven individuals, among them a four‑year‑old girl and a Lebanese soldier, prompting a forced evacuation order for the area. Lebanese President Joseph Aoun used a televised address to urge renewed negotiations with Israel, pleading to spare the remaining homes in the south from the level of destruction witnessed in Gaza. These developments underscore the escalating humanitarian toll and the strategic pressure on Lebanon’s critical border infrastructure amid an already volatile regional conflict.

The missing crew member of a US F‑15E jet, described by President Trump as a colonel, was located and rescued after a heavy firefight that involved hundreds of special‑forces operators, according to a US official speaking to Al Jazeera.Trump has set a 48‑hour deadline for Iran to reopen the Strait of Hormuz, a vital chokepoint through which 20% of global oil and gas transits. Iran’s central military command dismissed the ultimatum as “helpless, nervous, unbalanced and stupid.”Iran reports that US‑Israeli strikes have killed five people and wounded 170 at the Mahshahr Petrochemical Zone, while more than 30 universities have been targeted since the war began on 28 February.The rescued airman was the second of the two‑person crew; Iran has not yet issued a comment, though officials had previously urged citizens to help locate the missing officer in hopes of gaining leverage against Washington.During the rescue operation, Iranian media said strikes killed five civilians in the southwest. The Islamic Revolutionary Guard Corps (IRGC) claimed it shot down a US aircraft searching for the officer near Isfahan and destroyed an MQ‑9 Reaper drone, labeling the US effort a “desperate attempt to cover up a huge defeat.”Additional US‑Israeli attacks in Ardabil province near the Azerbaijani border killed three people, and the IRGC warned that the United States’ “target bank is inaccurate,” dismissing Trump’s threats to strike bridges as “laughable.”Russia has evacuated another 200 staff from the Bushehr Nuclear Power Plant after a deadly perimeter attack, while Iran’s foreign minister warned that such raids could expose the region to radioactive contamination.Tehran’s prosecutor’s office ordered the seizure and freezing of assets belonging to more than 100 high‑profile individuals accused of supporting the enemy abroad.In the Gulf, Iranian drones damaged two Kuwaiti power and desalination plants, shutting down two electricity‑generating units but causing no injuries. Bahrain’s civil‑defence teams extinguished a fire at an unspecified facility, also without casualties. Abu Dhabi halted operations at Borouge’s petrochemical plant after debris‑induced fires, and the UAE’s air defences responded to missile and drone attacks aimed at its aluminium industry. Former IAEA director‑general Mohamed ElBaradei urged Gulf nations to act before the situation “turns the region into a ball of fire.”President Trump confirmed the rescue on Truth Social, calling it “one of the most daring Search and Rescue Operations in U.S. History.” Meanwhile, former Army chief of staff General Randy George submitted a farewell letter after his removal, and satellite‑imaging firm Planet Labs announced an indefinite blackout of Iranian and regional imagery at the request of the Trump administration. Two individuals claiming to be relatives of the late Iranian general Qassem Soleimani were detained in the US, though Iranian media later disputed the familial link.Israel reported intercepting a missile launched from Yemen—the fifth such attack since the war’s start—and the Houthis, together with Iranian forces and Hezbollah, claimed a joint long‑range strike on Lod airport. Explosions were heard over Jerusalem, and missile attacks on Tel Aviv and central Israel wounded five civilians.In Lebanon and Syria, Israeli forces bombed the town of Kfar Hatta in Sidon, struck the southern city of Tyre after issuing evacuation warnings, and caused casualties in Maarakeh, where at least five people were reported killed.Energy markets are under pressure: OPEC is set to meet to decide May output policy after a modest April boost of 206,000 barrels per day. The war has driven crude prices above $100 per barrel, up from $65 before hostilities. Italy’s Prime Minister Giorgia Meloni visited Saudi Arabia and Qatar and is expected to travel to the UAE as oil supplies remain disrupted. Japan’s Mitsui OSK Lines reported that its LPG tanker Green Sanvi resumed Gulf crossing after being stranded. Iran announced it would allow Iraqi vessels to transit the Strait of Hormuz despite maintaining a broader blockade, a move aimed at easing Iraq’s severe economic distress.