The expectation of Ed Miliband as foreign secretary is rising after he bids farewell to his department, reports Politico

The growing expectation of Ed Miliband stepping into the role of Foreign Secretary suggests potential shifts in UK foreign policy and diplomacy, which could impact relationships within the EU and beyond.

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A high-ranking source told Al-Hadath that a proposal for a ceasefire and the reopening of the Strait of Hormuz for 10 days to two weeks is currently being discussed

The expectation of Ed Miliband as foreign secretary is rising after he bids farewell to his department, reports Politico

Senior Iranian source tells Reuters that mediators have proposed a 10-day cessation of strikes to find ways to revive the Iran-US interim deal

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Market participants should consider how this may influence geopolitical stability and asset classes sensitive to political changes, particularly currencies and equities linked to international trade.

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