Economic impacts and financial reports
The global economy, particularly that of developed countries, faces increasing pressure due to rising energy prices amid continued tensions in the Middle East, especially in the Strait of Hormuz.
Hezbollah claimed responsibility for rocket fire at Shtula in the Western Galilee, citing alleged Israeli ceasefire violations and a strike on Yatar in the Nabatiya district; sirens sounded in Shtula, with the Home Front Command stating the incident concluded at 23:29 local time. Hezbollah also warned of potential further strikes if the ceasefire is not renewed by Sunday.
The U.S. military is developing strategies to strike Iran's defense systems in the Strait of Hormuz should the current truce fail.
The USS Gerald R. Ford (CVN 78) conducts continuous day and night flight operations as part of the Ford Carrier Strike Group in the Red Sea, supporting maritime security within the U.S. 5th Fleet area of responsibility.
His Imperial Majesty Shahanshah of Greater Iran Reza Shah II delivered a critical speech at a Berlin press conference, exposing Qalibaf, Uoraghchi, and the IRGC as part of a regime responsible for repression and violence in Iran.
The U.S. Press Secretary announced a ceasefire in military and kinetic strikes against Iran but stated that "Operation Economic Fury" would continue, imposing a blockade that is causing Iran to lose $500 million daily.
The White House announced a ceasefire for military and kinetic strikes as part of the conflict with Iran but stated that "Operation Economic Fury" would continue.
Masoud Pezeshkian, writing on X, stated that the Islamic Republic welcomes dialogue and continues to do so, while also asserting that bad faith, sieges, and threats hinder genuine negotiations. Gholamhossein Eliasi (likely a reference to Mohammad Gholi Gholi Qalibaf), earlier called for a complete ceasefire contingent upon the end of economic violations through maritime sieges, hostage-taking, and Israel's warmongering activities.
Mohammad Bagher Ghalibaf, the Speaker of Parliament, wrote on X that a complete ceasefire is only valid if it is not breached by a naval blockade, economic hostage-taking, or Israeli aggression, and emphasized that reopening the Strait of Hormuz is impossible under current violations of the ceasefire. He also stated that military aggression and bullying will not achieve their goals, and the only solution is to accept the rights of the Iranian nation.
Iran's top negotiator, Ghalibaf, stated that a complete ceasefire is only valid if it is not violated by a maritime blockade and hostage-taking, asserting that reopening the Strait of Hormuz is impossible under these conditions.
Alireza Mohajer, Secretary-General of the Workers' House, announced on Wednesday that more than 700,000 jobs have been lost in Iran due to the recent war with America and Israel, with 130,000 people directly unemployed and 600,000 job opportunities indirectly lost.
Mehdi Mohammadi, advisor to Mohammad Bagher Ghalibaf, the Speaker of Parliament, wrote on X that the extension of the ceasefire by Donald Trump is akin to bombardment and requires a military response. Hours later, Tasnim News Agency, affiliated with the Islamic Revolutionary Guard Corps, stated that Mohammadi's views do not necessarily reflect Ghalibaf's position.
