Key Stories
U.S. and Iran face off at Strait of Hormuz — Both nations have effectively blockaded the narrow waterway, with Iran reportedly deploying more mines while most commercial shipping has come to a standstill.
Markets react to ceasefire extension news — Investors are pushing stocks higher on news that a ceasefire between the U.S. and Iran might hold, though everyday consumers are still feeling the economic pinch of the ongoing conflict.
IDF targets Hezbollah in southern Lebanon — Israeli forces reported eliminating six armed Hezbollah members during an operation in Bint Jbeil as regional tensions continue to simmer.
Russia and Ukraine complete major prisoner swap — In a rare moment of diplomatic movement, the two countries exchanged 193 servicemen each in their latest successful prisoner trade.
TL;DR
The global economy is feeling the push and pull of a tense standoff as the U.S. and Iran both move to block the vital Strait of Hormuz. While Wall Street is finding some relief in talks of a ceasefire extension, the situation on the ground remains volatile with new military movements and a significant prisoner swap between Russia and Ukraine.