Stock markets surge after Iran ceasefire announcement: Live updates


Breaking: Stock Markets Skyrocket Following Iran Ceasefire Announcement - Real-Time Updates

EU foreign policy chief warns war’s ‘underlying causes… remain unresolved’

Kaja Kallas, the European Union’s chief of foreign policy, emphasized today that the core issues of the ongoing conflict are still unresolved, signaling that substantial efforts are needed to address them. As the vice-president of the European Commission, Kallas highlighted that although the recent two-week ceasefire has provided a crucial opportunity to de-escalate tensions, it is imperative to keep avenues for mediation open.

In her statement earlier today, Kallas remarked on the U.S.-Iran ceasefire agreement, describing it as a significant step away from the brink following a period of heightened tensions. She noted, “This agreement offers a much-needed opportunity to reduce threats, halt missile activities, resume shipping operations, and pave the way for diplomatic efforts towards a durable resolution.”

She further stressed the importance of maintaining open passage through the Strait of Hormuz. Kallas expressed gratitude to Pakistani Foreign Minister Ishaq Dar for his role in facilitating this initial agreement. “The door to mediation must remain open,” she urged, reiterating that the underlying causes of the conflict are yet to be addressed. Kallas affirmed the EU’s readiness to support mediation efforts and mentioned ongoing communications with regional partners. She also noted her intention to discuss these matters further during her visit to Saudi Arabia today.

‘It creates a much-needed chance to tone down threats, stop missiles, restart shipping, and create space for diplomacy towards a lasting agreement.

‘The Strait of Hormuz must be open for passage again. I spoke to Pakistani foreign minister Ishaq Dar and thanked him for securing this initial deal.

‘The door to mediation must remain open, as the underlying causes of the war remain unresolved. The EU stands ready to support those efforts and is in touch with partners in the region. I will discuss this in Saudi Arabia today.’

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