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6 The US and Iran have reached a tentative peace agreement set to be signed in Switzerland, marking a major de-escalation in Middle Eastern conflicts. Mediated by Pakistan, the deal includes ending military operations on all fronts, lifting naval blockades, and ensuring the Strait of Hormuz will be reopened.Other major global and local headlines include:Global Markets & Economy: Following the US-Iran deal, global oil prices have tumbled while stock markets have surged. Closer to home, Sri Lanka's economy saw a strong rebound, with the GDP growing by 5.1% in the first quarter of the year.Sri Lanka News: Sri Lanka advanced 14 places to rank 67th in the 2026 Global Peace Index. The island nation is also experiencing an increase in gold prices amid a global surge.$EVAA
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