Sunday, May 24, 2026

World

Trump Claims Iran Peace Deal Largely Negotiated

Donald Trump has announced that a peace deal with Iran is "largely negotiated", potentially ending the war launched by the US and Israel in February. The agreement would include reopening the Strait of Hormuz, a chokepoint for roughly 20% of global oil trade, though Iran's state-linked Fars news agency contests that the waterway would remain under Iranian control. Final terms are still being discussed in what Trump described as a "Memorandum of Understanding."

MarketUS x Iran permanent peace deal by May 31, 2026?58%

World

Russia Launches Heavy Missile and Drone Assault on Kyiv

Russia has pounded Kyiv with a major overnight barrage of missiles and drones, rocking the capital with explosions after President Zelenskyy had warned of an imminent large-scale attack. Separately, a strike on Luhansk in Russian-occupied eastern Ukraine killed 18 people and injured 42, with Moscow vowing to retaliate and blaming Ukraine for the attack.

MarketWill Russia capture Kostyantynivka by September 30?53%

Politics

Secret Service Shoots Man Dead Outside White House

A man has been shot dead by the Secret Service after exchanging gunfire outside the White House, with witnesses reporting hearing dozens of shots fired. Donald Trump was inside the executive mansion at the time of the incident.

Economy

Iran War Hammers Oil-Poor Southeast Asian Economies

Southeast Asian economies are struggling to absorb the energy shock triggered by the Iran war, with oil-poor nations scrambling to shore up countermeasures while fighting rising inflation. The crisis has exposed the region's deep vulnerability to Middle East supply disruptions, with governments caught between subsidising fuel costs and managing fiscal pressure.

MarketStrait of Hormuz traffic returns to normal by end of May?10%

Climate

UK Hits Hottest Day of Year Amid Record-Breaking Heatwave

The UK has recorded its hottest day of 2026 so far, with temperatures hitting 30.5°C in Frittenden, Kent — the first time the country has reached 30°C in May since 2012. Forecasters warn the bank holiday weekend could push temperatures even higher, with amber health alerts already issued and new national May records potentially in reach.

MarketWill Andy Burnham be the next Prime Minister of the United Kingdom in 2026?46%