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Summary

A ceasefire has been announced between the US and Iran, but its impact on the Middle East and global economy remains uncertain. According to BBC, the war will continue to affect farmers’ costs and food prices. Meanwhile, prosecutors are seeking Tiger Woods’ prescription drug records after his arrest in Florida, as reported by BBC. In other news, Greece plans to ban social media for children under 15, and Canada’s Mark Carney is poised to secure a Liberal Party majority.

US & Middle East

At least 182 people were killed in a large wave of Israeli strikes across Lebanon, according to BBC. The attacks hit the southern suburbs of Beirut, southern Lebanon, and the eastern Bekaa Valley, hours after the US-Iran ceasefire was announced. Negotiators face a huge task to close gaps in rival Iran peace proposals, with a US 15-point plan and an Iranian 10-point variant being “oceans apart”, writes the BBC’s diplomatic correspondent. BBC reports that the provisional truce comes more than a month after the US and Israel launched coordinated attacks on Iran.

Europe

Greece plans to ban social media for children under 15 from next year, following similar moves in other European countries, including France and Spain, as reported by BBC. NYT also reports on the planned ban. In Hungary, nationalist leader Viktor Orban is seeking re-election, with support from American leaders, according to NYT.

Asia & Energy

The Iran war has damaged economies and roiled politics globally, with gas prices unlikely to quickly return to pre-war levels, even if the Strait of Hormuz reopens, reports NYT. BBC also reports that the war will continue to affect farmers’ costs and food prices.

Canada

Canada’s Mark Carney is poised to secure a Liberal Party majority after a defection, according to NYT.

Sources: BBC, NYT, Reuters

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