Headlines

US-Iran deal’s economic dividend will flow mainly to Asia

Markets across the world greeted the US-Iran peace agreement in the predictable way. Oil prices fell sharply, equities rallied and investors are already calculating the inflation dividend that could follow if the Strait of Hormuz fully reopens and energy supplies normalize.

Asia

Israel rules out withdrawing from seized land

Israeli Defense Minister Israel Katz and National Security Minister Itamar Ben-Gvir on Monday said their country will not withdraw from land seized in Lebanon after the U.S. and Iran agreed to an initial agreement extending their ceasefire. "Trump's agreement does not bind us,"