A ceasefire was announced- but within minutes, missiles were in the air.
Iran reportedly launched ballistic missiles toward Israel shortly after US President Donald Trump declared a ceasefire, triggering air defence responses across Israel and Gulf nations including Saudi Arabia, UAE, Kuwait, and Bahrain.
Even as tensions escalated, streets in Tehran and Baghdad erupted in celebration, with thousands calling the ceasefire a strategic victory for Iran- fueling a powerful perception battle across the region.
At the negotiation table, the balance appears to be shifting. The United States has agreed to a two-week pause and is now engaging with Iran’s sweeping 10-point proposal, including demands on nuclear rights, sanctions relief, and control over the Strait of Hormuz.
Meanwhile, reports suggest Iran may impose transit fees of up to $2 million per ship through Hormuz- raising global concerns over oil supply and strategic chokepoints.
Is this a ceasefire- or a reset in power equations?
Watch the full breakdown with Pankaj Mishra.
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