Commercial ships began moving through the Strait of Hormuz after the U.S. and Iran signed a memorandum to extend a ceasefire and begin new talks. The agreement faces early tests over Iran’s nuclear program and Israel’s continued military presence in southern Lebanon.
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Brent crude fell to its lowest level since early March as markets anticipated a US-Iran framework agreement that could reopen the Strait of Hormuz. Shipping groups and analysts warned that restoring normal energy flows could still take weeks or months.
G7 leaders meeting in France are focusing on a preliminary U.S.-Iran agreement and renewed efforts to end Russia’s war in Ukraine. Zelenskyy joined the summit as European leaders sought to keep pressure on Moscow and reopen the Strait of Hormuz.
The Bank of Japan raised its benchmark rate to 1%, the highest since 1995, citing energy-driven price pressures and rising inflation expectations. The move continues Japan’s shift away from decades of ultra-low borrowing costs.
Officials recovered the body of a 5-year-old girl swept into the ocean at Laguna Beach after a nearly 30-hour search. Her mother and sibling were rescued by bystanders after a wave struck during hazardous surf conditions.
A magnitude 7.8 earthquake in the southern Philippines killed at least 37 people and injured hundreds, with rescuers searching collapsed buildings and isolated villages. Officials said aftershocks, landslides and damaged roads were slowing relief efforts across Mindanao.
A magnitude-7.8 earthquake off Mindanao killed at least 35 people, damaged buildings and triggered tsunami alerts across the region. Philippine officials said thousands of families were displaced as aftershocks continued.
A magnitude 7.8 earthquake struck the southern Philippines, triggering tsunami warnings across parts of Asia and the western Pacific. Officials urged coastal residents in several Philippine provinces to evacuate to higher ground or move inland.







