OIC Welcomes U.S.-Brokered Ceasefire Between Iran, Israel
Mohamed Mandour
The General Secretariat of the Organization of Islamic Cooperation (OIC) welcomed the announcement by U.S. President Donald Trump regarding a ceasefire agreement between the Islamic Republic of Iran and Israel, following recent military confrontations in the region.
In a statement, the OIC commended the efforts that led to the agreement and urged all parties to fully respect and implement its terms.
The organization expressed hope that the ceasefire would contribute to de-escalation, help calm tensions, and pave the way for enhanced security, peace, and stability throughout the region.
read more
Gold prices rise, 21 Karat at EGP 3685
NATO's Role in Israeli-Palestinian Conflict
US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria
Shoukry Meets Director-General of FAO
Lavrov: confrontation bet. nuclear powers must be avoided
News
Iran Summons French Ambassador over Foreign Minister Remarks
News
Aboul Gheit Condemns Israeli Escalation in West Bank
News
Greek PM: Athens Plays Key Role in Improving Energy Security in Region
News
One Person Injured in Explosion at Ukrainian Embassy in Madrid
News
China Launches Largest Ever Aircraft Carrier
Sports
Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer
Lifestyle
Get to Know 2025 Eid Al Adha Prayer Times in Egypt
Videos & Features
Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall
Business
Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War
Arts & Culture
Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies
News
Flights suspended at Port Sudan Airport after Drone Attacks
Videos & Features
Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream
News
Shell Unveils Cost-Cutting, LNG Growth Plan
Technology
50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mid East Info
2 hours ago
- Mid East Info
Gold drops as markets cheer Middle East ceasefire – but for how long? - Middle East Business News and Information
By Daniela Sabin Hathorn, senior market analyst at Gold prices are facing renewed pressure as markets cautiously celebrate a declared ceasefire between Iran and Israel. The price of XAU/USD has dropped below its 20-day simple moving average, a key technical indicator, reflecting a shift away from safe-haven assets and into riskier options like equities. The Relative Strength Index (RSI) has also fallen below 50 for the first time since mid-May, when gold saw a deeper correction down to $3,120. Despite the pullback, the move appears to be relatively controlled. Long-term fundamentals supporting gold remain intact, though technical traders are now eyeing the $3,330 level as a key support zone. A decisive move below this threshold could signal a deeper retracement and a change in market sentiment. Gold (XAU/USD) daily chart Past performance is not a reliable indicator of future results. The broader market response to Iran's recent military action has been surprisingly subdued. The attack—targeting a U.S. military base—was expected to rattle investors, yet the global reaction has been more one of tentative relief than alarm. This suggests the strike was largely symbolic rather than escalatory in nature, limiting its impact on financial markets. Adding a layer of finality to the episode, former U.S. President Donald Trump announced that a ceasefire had been reached, dubbing the event the 'Twelve-Day War.' His statement implied that the conflict had effectively concluded, though many geopolitical analysts caution that this may be an overly optimistic interpretation. Prior to the agreement, Trump emphasized the absence of American casualties and praised Iran for issuing a prior warning: 'I want to thank Iran for giving us early notice, which made it possible for no lives to be lost. Most importantly, they've gotten it all out of their 'system,' and there will, hopefully, be no further hate. Perhaps Iran can now proceed to peace and harmony in the region, and I will enthusiastically encourage Israel to do the same.' While intended to calm tensions, these remarks may have unintended political consequences. Public praise from a former U.S. president could weaken Tehran's domestic narrative that the attack was a powerful and deliberate move. Instead, it may appear conciliatory, even orchestrated, potentially undermining the regime's posture both at home and in the broader region. This raises broader questions: Are these confident declarations of de-escalation premature? And how can such a significant event—a direct confrontation many feared might spiral into a regional war—elicit such a subdued response compared to earlier crises? The disparity in global reaction suggests a shifting global perspective. Geopolitical threats may still carry weight, but market participants increasingly appear to differentiate between symbolic posturing and genuine escalation. Whether this ceasefire marks a true turning point or simply a pause in hostilities remains to be seen.
See - Sada Elbalad
4 hours ago
- See - Sada Elbalad
Amazon Halts Shipping to Israel Amid Ongoing Airspace Closure
Rana Atef Amazon, the American e-commerce giant, has announced the suspension of new orders and deliveries to Israel, due to the country's continued airspace closure following the outbreak of conflict with Iran on June 13. In an official statement to Israeli consumers, the company said: 'Due to local restrictions beyond our control, we are currently unable to accept new orders or deliver to your area. We will resume our services as soon as conditions allow.' Israel's Ben Gurion International Airport in Tel Aviv has remained largely closed to both commercial flights and cargo shipments since the escalation began, causing major disruptions to travel and trade. In recent days, Israeli airlines were permitted to operate limited daily flights to repatriate citizens stranded abroad and assist those looking to leave the country. This comes as Israel begins preparations to gradually resume airport operations, following the ceasefire agreement with Iran that came into effect earlier this morning. Full restoration of air services will depend on approval from the country's defense establishment. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
Egypt Independent
4 hours ago
- Egypt Independent
Netanyahu agrees to ceasefire with Iran, warns of forceful response to violations
Israeli Prime Minister Benjamin Netanyahu announced that Israel had agreed to a US President Donald Trump's ceasefire proposal with Iran, but cautioned that his country would respond forcefully to any violations of the truce. Trump announced on Tuesday that the ceasefire between Israel and Iran 'has entered into force,' calling on both parties not to violate the agreement reached on Monday evening. Trump stated on his 'Truth Social' platform: 'The ceasefire has entered into force. Please do not violate it.' The US President told NBC News that he expects the ceasefire between Israel and Iran, which he announced, to last 'forever.' He clarified: 'I believe the ceasefire is unlimited. It will last forever.' Earlier, Trump had announced a 'complete and comprehensive' ceasefire agreement between Israel and Iran. Trump also wrote on his 'Truth Social' platform: 'Assuming everything goes as planned, which it will, I want to congratulate both countries, Israel and Iran, for having the ability, courage, and intelligence to bring an end to what should be called the 12-day war.'
