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31 min ago 2 min read
The answer to the biggest economic and geopolitical question of the year – when will the Middle East crisis end? – continues to prove elusive, as it is about to pass the three-month mark.
May saw hopes rise and fall, as diplomatic deadlocks persisted. A two-month extension of the ceasefire appears to be the basis of the next phase of de-escalation, as talks continue towards a future peace agreement.
The ceasefire has been severely tested after direct clashes broke out on 7–8 May when Iran launched missiles at US destroyers, claiming the US violated the truce by striking an Iranian oil tanker. Iran later accused the US of launching fresh strikes.
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