Asian stocks rise and oil retreats on Mideast ceasefire reports

INTRO: Oil prices fell and Asian stocks rose on Wednesday on hopes for a de-escalation of the Middle East war.

It comes after reports that Washington sent a peace plan to Iran. Meanwhile Tehran announced it will let "non-hostile" oil vessels through the crucial Strait of Hormuz. Laura Westbrook reports from Hong Kong.

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Modi-Trump talk about keeping Strait of Hormuz open during phone call

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US President Donald Trump and Indian Prime Minister Narendra Modi spoke about "the importance of keeping the Strait of Hormuz open" during what was the first call between two leaders since the war in the Gulf started. 

It comes as India has been working diplomatic channels to get Indian vessels to pass through the narrow stretch of water as it works on averting an energy crisis.

Ishan Garg tells us more from New Delhi. 

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NTSB: Air Traffic controls doing the job of multiple people on night of deadly LaGuardia crash

A preliminary investigation into the deadly Air Canada crash at New York City's LaGuardia Airport has found that the air traffic controllers on duty were doing the job of multiple people - but the head of the National Transportation Safety Board cautioned against "pointing figures" saying many things must have gone wrong. The Sunday night crash left the pilots of the plane dead - They've now been identified as Antoine Forest and Mackenzie Gunther.

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Pakistan offers to host US Iran peace talks as war wages on

Pakistan's prime minister Shebhaz Sharif has said his country stands ready to host negotiations between the U.S. and Iran to end the war. His announcement on social media came amid conflicting statements between President Trump and Iran on whether the countries were already engaging in talks. 

Kate Fisher reports from Washington

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UK POLICE INVESTIGATE IRAN LINK OVER JEWISH AMBULENCES ATTACK

British police are investigating a group with possible links to Iran, after four ambulances belonging to a Jewish charity were destroyed in London.

The arson attack happened overnight on Monday, causing several explosions due to gas canisters inside the vehicles.

No injuries were reported.

Lara Bentley has more from London.

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UK Finance Minister Warns of Iran War’s Economic Impact

The UK's Finance Minister has warned the economic impact of the Iran War could be 'significant' and announced that 'contingency planning for every eventuality' was underway. 

This follows an emergency meeting of the government's crisis committee on Monday, which focused on the domestic economic situation as the conflict in the Middle East continues.

Speaking to MPs in Parliament on Tuesday, Chancellor Rachel Reeves noted that the war's full effect on the British economy was still uncertain, but pledged to support those who need help most if energy costs continue to rise. 

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Reeves also said new government measures will tackle companies exploiting the crisis.

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Mullin confirmed as US Homeland Security Secretary

US senator Markwayne Mullin is being sworn in as the next secretary of
the Department of Homeland Security.

He replaces Kristi Noem whose controversial time in charge saw federal
agents deployed to multiple cities, leading to the fatal shootings on
two US citizens in Minnesota in January.

Nick Harper reports from Washington.

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Russia warns against Iran war spillover into Caspian Sea

Russia would view any spillover of the Iran conflict into the Caspian Sea "extremely negatively", the Kremlin said. President Putin's spokesman reminded that "up until the last minute, until the first strike on Iran, Tehran remained open to negotiations". Daria Bondarchuk reports from Moscow.

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EU and Australia agree to free trade deal

The European Union and Australia have reached a free trade agreement
after eight years of negotiations.

The deal also includes a security partnership and facilitates European
access to Australia's critical raw materials.

William Denselow reports from Brussels.

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Iran denies negotiations with United States after Trump says talks to end the war started

Iran has denied holding negotiations with the United States after President Trump said talks to end the war with Tehran had started.

It comes as the Gulf States and Israel were targeted by Iranian attacks on Tuesday.

Ross Cullen reports from the Turkish city of Van, near the Iran border.

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WHITE HOUSE: IRAN TALKS PLANS 'FLUID'

The White House says plans for talks with Iran remain "fluid", and that any speculation "should not be deemed as final"

It follows reports that vice president JD Vance could meet Iranian officials in Pakistan for talks this week.

Tehran has denied Donald Trump's suggestion that talks to end the conflict were over the weekend.

Defence analyst Colonel Simon Diggins says discussions are likely to be taking place between various parties about possible next steps.

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WHITE HOUSE: IRAN TALKS PLANS ARE 'FLUID'

The White House says plans for talks with Iran remain "fluid", and that any speculation "should not be deemed as final"

It follows reports that vice president JD Vance could meet Iranian officials in Pakistan for talks this week.

Tehran has denied Donald Trump's suggestion that talks to end the conflict were over the weekend.

Chair of the UK's Defence Select Committee, Tan Dhesi, says the claims and counter-claims around President Trump's plans are unhelpful.

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Chair of the UK's Defence Select Committee, Tan Dhesi, says the UK is right to try and take a defensive posture only.

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\Asia shares rise in catch-up rally but shares jittery

INTRO: Asian markets rose on Tuesday in a catch-up rally to global counterparts, while Brent Crude climbed to around $104 a barrel.

Uncertainty remains as the world grapples with an energy shock while Iran denied that it had engaged in negotiations with the US. Laura Westbrook reports from Hong Kong.

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More a dozen Indian Navy ships escorting Indian flagged vessels from Gulf: report

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More than half a dozen Indian Navy ships are reportedly escorting Indian vessels out of the Strait of Hormuz as the blockade tests India's energy security.

It comes as two more Indian-flagged tankers carrying cooking gas are believed to be en route to India amid a domestic supply crunch.

Ishan Garg tells us more from New Delhi.

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Flights slowly resume at LaGuardia after deadly plane crash

Flights are slowly resuming at New York City's LaGuardia airport after an Air Canada jet struck a fire truck on the runway late Sunday night. The pilot and co-pilot died in the accident. During a press briefing, Transportation Secretary Sean Duffy said it's too early to know what caused the crash but he reiterated that he's been asking Congress for more money for air traffic control. Mitch McCann has more from LaGuardia.

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ICE agents deployed to help TSA as Trump says DHS should not be funded unless Democrats support an elections overhaul bill

Immigration and customs enfacement agents have been deployed to 14 US airports to help Transportation Security Administration agents, who've been working without pay during the partial government shutdown. 

President Donald Trump says he doesn't want to make a deal to fund the department of Homeland Security unless Democrats support an elections overhaul bill.

Kate Fisher reports from Washington

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Trump: “major points of agreements” from Iran talks

US President Donald Trump says talks with Iran have led to "major
points of agreement," but he's placing strict conditions on a possible
deal.

He's told reporters he wants Tehran to end all uranium enrichment and
for Iran to hand over all of its uranium to ensure it cannot build a
nuclear weapon.

Nick Harper reports from Washington.

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Trump backs down on Iran deadline, says talks underway

US President Donald Trump says he is postponing any military action against Iran's power and energy infrastructure for the next 5 days, saying "productive" conversations are underway between Washington and Tehran.

In a message on social media, the President said the two governments are discussing the "total resolution" of hostilities.

From Washington, Simon Marks reports.

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‘De-escalation’ Needed Says UK Prime Minister As Emergency Meeting Called

The UK Prime Minister has called for de-escalation as the global economic impacts of the Iran War increase. 

Keir Starmer is calling an emergency meeting of the government's crisis committee on Monday after holding a call with US President Donald Trump late on Sunday to discuss the need to keep the Strait of Hormuz open. 

Starmer has reiterated the need to defend British interests, without being dragged into the conflict. 

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RUSSIA AND VIETNAM DISCUSS ENERGY, TRADE

Vietnamese Prime Minister Pham Minh Trinh is on a four-day visit to Moscow. He's expected to hold talks with top Russian officials and sign a number of agreements in trade and investment. Russia and Vietnam are expected to step up energy cooperation as well. The visit comes amid a sharp rise in fuel prices in Vietnam due to instability in the Middle East. Daria Bondarchuk reports from Moscow. 

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