Israel-Lebanon Ceasefire: Israel and Lebanon agreed to implement a conditional ceasefire after US-mediated talks, demanding a complete halt of Hezbollah fire and the withdrawal of Hezbollah operatives from south of the Litani, with “pilot zones” giving the Lebanese army exclusive control; talks are set to resume June 22. US-Iran War Powers: In a rare bipartisan rebuke, the US House passed a resolution to end the war with Iran and require congressional approval for further military action, 215-208, with four Republicans joining Democrats. Gaza Strikes: Despite a truce framework, Israeli attacks in Gaza City killed at least eight people, with medics reporting multiple apartment and camp strikes. Gulf Escalation: Iran and the US traded strikes again, with Iran firing missiles toward Kuwait and Bahrain and the US conducting self-defence strikes near Qeshm Island; the US also disabled an oil tanker heading for an Iranian port. Kuwait Airport Attack: Kuwait said an Iranian drone hit its main airport, killing one and injuring dozens, while Iran’s IRGC blamed a malfunctioning US Patriot interceptor. Markets & Energy Shock: Oil and gold moved on the shifting ceasefire hopes and renewed fighting, while airline bosses warned the Iran war is driving higher jet fuel costs and route disruptions. Iran Economy Pressure: In Iran, prices are rising “by the hour” amid blockade-linked shortages and inflation fears. Türkiye Economy: Türkiye’s fishery production rose 11.1% in 2025, and coastal property prices in summer destinations climbed sharply, reflecting continued demand.