A Pakistani source involved in the negotiations said discussions were “on track” for Wednesday, despite earlier indications from Iran that it might not attend. U.S. President Donald Trump could join the talks either in person or virtually if an agreement is reached, the source added.

U.S. Vice President JD Vance is expected to travel to Pakistan for the переговоры, according to media reports, while Iranian officials said Tehran was “positively reviewing” whether to send a delegation, without confirming participation.

The diplomatic push comes as a two-week ceasefire in the conflict, which began on February 28, nears its end. A Pakistani source said the truce is expected to expire late Wednesday U.S. time.Financial markets reacted to signs of renewed diplomacy, with oil prices falling more than $1 and equities rising in early Asian trading amid expectations that talks could resume.

Brent crude traded near $94 a barrel, while U.S. West Texas Intermediate fell below $88.Tensions remain elevated, however, following disputes over the U.S. blockade of Iranian ports and the recent interception of an Iranian vessel.

Tehran condemned the seizure and warned Washington would bear responsibility for any escalation.Iranian officials also reiterated that they would not negotiate under pressure. Senior figures, including Mohammad Bagher Qalibaf, accused Washington of attempting to force concessions through economic and military pressure.

Washington has said it seeks an agreement that would prevent Iran from developing nuclear weapons while stabilizing energy markets. Tehran, for its part, is seeking relief from sanctions and an end to hostilities without compromising its nuclear program.

The strategic importance of the Strait of Hormuz remains central to the negotiations, as the waterway handles a significant share of global oil and gas shipments and has been affected by restrictions imposed during the conflict.

Pakistan, acting as a mediator, has deployed nearly 20,000 security personnel in Islamabad ahead of the potential talks, underscoring the high stakes and security concerns surrounding the negotiations.

In a post on X, Qalibaf accused Donald Trump of attempting to turn diplomacy into a “table of surrender,” adding that Tehran was instead preparing “to reveal new cards on the battlefield.”His remarks come as a two-week ceasefire in a conflict that has killed thousands and disrupted global markets, particularly energy supplies, is set to lapse later this week.

The truce has come under strain following a U.S. move to seize an Iranian cargo vessel accused of violating a maritime blockade, prompting Tehran to warn of retaliation.

Iran has consistently rejected negotiations conducted under coercion, while Washington has maintained pressure through military and economic measures as part of its broader strategy toward Tehran.

The visit marks the first state trip by a South Korean president to India in eight years and comes as both countries seek to strengthen supply chain resilience amid global economic uncertainty linked to the Iran conflict.Lee said the current level of economic cooperation between the two countries remains limited and called for a substantial expansion of ties.

Officials from Seoul said the two sides plan to upgrade their Comprehensive Economic Partnership Agreement to boost trade from $25.7 billion recorded last year.Discussions are expected to cover sectors including shipbuilding, finance, artificial intelligence and defence, with Lee also scheduled to attend business events alongside corporate leaders during his visit.

South Korea has increasingly looked to India as a key partner in diversifying supply chains, particularly as disruptions in the Middle East affect energy flows. Last month, Seoul sought increased naphtha supplies from India to offset potential shortages linked to regional tensions.

India accounted for about 8% of South Korea’s naphtha imports last year, and officials say expanding energy trade could also help address imbalances in bilateral commerce. South Korea recorded a trade surplus of $12.8 billion with India, exporting $19.2 billion worth of goods while importing $6.4 billion, according to Korea International Trade Association data.

Analysts say closer cooperation in shipbuilding could emerge as a focal point, aligning India’s employment priorities with South Korea’s industrial strengths. Consumer goods and food sectors tied to the global popularity of Korean culture are also seen as potential growth areas.

Lee is expected to travel to Vietnam after concluding his India visit, as part of a broader regional outreach strategy.

The United Nations human rights office has launched the second season of its podcast series “Economies that Work for All,” advancing its push to integrate human rights principles into global economic policymaking amid growing concerns over inequality and sustainability.

The series, produced by the Office of the UN High Commissioner for Human Rights in collaboration with the UN System Staff College’s Knowledge Centre for Sustainable Development, builds on earlier discussions around the concept of a “human rights economy.” The initiative seeks to address a central question posed by UN Human Rights Chief Volker Türk: who benefits from existing economic systems.

The framing reflects a broader institutional concern that current economic structures are failing to deliver equitable outcomes. According to Türk, a human rights-based approach to economic governance places individuals and environmental sustainability at the core of decision-making, aligning policy outcomes with broader social objectives.

“Economies that Work for All” explores the intersection of economic systems and human rights, positioning the latter as a framework for addressing systemic challenges such as inequality, exclusion, and environmental degradation. The concept is also tied to the United Nations’ 2030 Agenda for Sustainable Development, which emphasizes inclusive growth and social equity.

The first season of the podcast introduced foundational ideas behind the human rights economy framework through discussions with policymakers and economists. Contributors included Mariana Mazzucato, Jayati Ghosh, Kate Raworth, Grieve Chelwa, and Epsy Campbell, who examined how rights-based approaches could reshape economic thinking and policy design.

The newly launched second season shifts focus toward implementation, examining how governments are applying these principles in practice. Through a series of weekly episodes, the podcast highlights policy initiatives across different regions, offering case studies on how human rights considerations can inform economic decision-making.

The opening episode features Spain’s Minister of Social Rights, Consumer Affairs, and the 2030 Agenda, Pablo Bustinduy, discussing national efforts to align economic policy with inclusivity and social welfare objectives. The discussion reflects broader European debates on balancing growth with social protection and equitable distribution.

Subsequent episodes examine fiscal and structural reforms in emerging and developing economies. One episode focuses on Brazil’s approach to taxation, with Poliana Garcia Ferreira from the Ministry of Finance outlining measures aimed at reducing inequality through redistributive policies. The discussion highlights the role of tax systems in addressing income disparities and supporting public services.

Another episode explores South Africa’s efforts to implement a rights-based approach to climate transition. Dorah Modise, Executive Director of the Presidential Climate Commission, discusses strategies for aligning environmental policy with social justice, particularly in the context of shifting away from carbon-intensive industries.

The series also includes a case study on Sri Lanka, where economist Ahilan Kadirgamar reflects on the country’s economic challenges and the potential for rethinking development through a human rights lens. The episode examines how past economic crises can inform more inclusive policy frameworks going forward.

Housing policy is addressed in a separate episode featuring Leilani Farha, former UN Special Rapporteur on the Right to Adequate Housing and current Global Director of The Shift. The discussion emphasizes the need to treat housing as a fundamental human right rather than a financial asset, particularly in urban environments facing affordability pressures.

The podcast initiative comes at a time when multilateral institutions are increasingly examining the social impact of economic policies. Rising inequality, climate-related risks, and uneven recovery patterns following global economic disruptions have intensified calls for policy frameworks that prioritize inclusivity and resilience.

Türk said that grounding economic decisions in human rights can enhance public trust and improve long-term sustainability. The approach, he argued, provides a structured way to align economic outcomes with broader societal goals, including poverty reduction, environmental protection, and access to essential services.

The UN’s emphasis on a human rights economy reflects an evolving policy discourse that seeks to move beyond traditional growth metrics. By integrating social and environmental considerations into economic planning, the framework aims to support more balanced and durable development outcomes.

The first episode of the second season became available on March 30, with subsequent episodes scheduled for weekly release. The series is accessible through major podcast platforms and forms part of a broader UN effort to engage policymakers, academics, and the public on issues at the intersection of economics and human rights.

MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.9%, marking a third straight day of gains, while Japan’s Nikkei 225 surged 2.2% to a fresh peak. U.S. equity futures also pointed higher, with S&P 500 e-mini contracts up 0.2%.

The gains followed a strong session on Wall Street, where the S&P 500 rose 0.8% and the Nasdaq Composite advanced 1.6%, supported by robust earnings from Bank of America and Morgan Stanley. With roughly 6% of companies having reported results so far, about 84% have exceeded analysts’ expectations.

Analysts at Goldman Sachs said they remained constructive on emerging market equities, citing expectations of solid profit growth driven in part by demand linked to artificial intelligence, which they said could remain relatively insulated from energy market shocks.

Attention in Asia is also turning to earnings from Taiwan Semiconductor Manufacturing Co, a key supplier in the global semiconductor industry, with forecasts pointing to a sharp rise in quarterly profit on strong demand for advanced chips.

In currency markets, the U.S. dollar index was little changed at 98.02, as easing geopolitical tensions tempered safe-haven demand and investors adjusted expectations for monetary policy easing by the Federal Reserve. The euro hovered near its highest level since the Iran conflict began, extending a multi-day rally.

Oil prices edged higher, with Brent crude rising 0.3% to $95.23 per barrel, after indications that Iran could allow safer maritime passage through the Strait of Hormuz as part of ongoing negotiations with the United States. Supply concerns were also heightened by a refinery fire in Australia.

Chinese equities gained after data showed the economy expanded 5.0% year-on-year in the first quarter, exceeding expectations and suggesting resilience despite geopolitical headwinds. Analysts cautioned, however, that prolonged conflict could weigh on global demand and exports.

Australian markets were more subdued, with shares slightly lower and the currency steady after employment data showed stable labor market conditions, reinforcing expectations that inflation risks remain a key concern for policymakers at the Reserve Bank of Australia.

Gold rose 0.6% as investors balanced improving risk sentiment with lingering uncertainty, while major cryptocurrencies edged lower in cautious trading.

IEA Executive Director Fatih Birol said that while March deliveries largely reflected cargoes loaded before the crisis escalated, the situation has shifted significantly. “During the month of April, nothing has been loaded,” he told reporters following meetings at the International Monetary Fund, adding that prolonged disruption would intensify market pressures.

Birol said the agency is tracking damage to energy infrastructure across the region, noting that more than a third of over 80 affected facilities have sustained severe damage. He described the situation as a major energy security challenge with global implications, warning that no country would be insulated from the fallout.

IMF Managing Director Kristalina Georgieva said there is an urgent need to assess the scale of economic impact stemming from infrastructure losses tied to the conflict.World Bank President Ajay Banga said the institution is preparing for multiple scenarios depending on the duration and intensity of hostilities, including expanded financial support.

The IMF has indicated it can make up to $50 billion available, while the World Bank has outlined potential financing of up to $25 billion, with the possibility of increasing total support to $60 billion over six months if conditions worsen.

The conflict, triggered by U.S.-Israeli strikes on Iran beginning February 28, has disrupted flows through the Strait of Hormuz, a critical artery for global oil shipments. Iran’s actions to impede maritime traffic, followed by a U.S. naval blockade, have heightened concerns over supply constraints and price volatility.

Although a two-week ceasefire was agreed last week to enable negotiations, talks in Islamabad failed to produce a breakthrough, raising uncertainty over whether the truce will hold.

International mediators, including Pakistan and Qatar, have urged both sides to maintain the ceasefire, while UN Secretary-General Antonio Guterres called for the restoration of freedom of navigation in the region.

In an interview, Banga said the World Bank expects global growth to decline by 0.3 to 0.4 percentage points under a baseline scenario assuming an early end to the conflict, and by as much as 1 percentage point if the war continues.

Inflation could rise by 200 to 300 basis points, with further increases of up to 0.9 percentage point in a prolonged conflict scenario.The bank now projects growth in emerging markets and developing economies at 3.65 percent in 2026, down from a previous estimate of 4 percent in October.

In a more severe scenario, growth could fall to as low as 2.6 percent. Inflation in these economies is forecast to reach 4.9 percent, compared to an earlier estimate of 3 percent, and could climb as high as 6.7 percent if disruptions persist.

The conflict has already driven oil prices up by about 50 percent while disrupting supplies of key commodities including oil, natural gas, fertilizers and helium, alongside impacts on tourism and air travel. Continued instability around the Strait of Hormuz remains a major risk factor, given its role in global energy flows.

Banga said the economic outlook depends heavily on whether ongoing negotiations lead to a lasting peace and the reopening of critical trade routes. Failure to stabilize the situation could result in longer-term damage to energy infrastructure and sustained pressure on global markets.

The World Bank has begun discussions with vulnerable countries, including small island states with limited energy resources, on accessing emergency funding through its crisis response mechanisms. These facilities allow governments to draw on pre-approved funds to manage immediate shocks without requiring new approvals.

At the same time, Banga cautioned governments against introducing unsustainable energy subsidies, warning such measures could worsen fiscal pressures in countries already burdened by high debt and elevated borrowing costs.

The crisis has intensified calls for energy diversification and greater self-sufficiency. Banga pointed to increased investments in refining capacity in countries such as Nigeria as an example of improving energy resilience, while noting ongoing World Bank support for expanding energy production in nations including Mozambique.

He added that scaling up nuclear, hydroelectric, geothermal, wind and solar energy would be critical to reducing reliance on traditional fuels and mitigating future shocks to global energy systems.

Willie Walsh, head of the International Air Transport Association, said it could take months for jet fuel supplies to stabilize even if the Strait of Hormuz remains open, due to damage and disruption to refining capacity across the Middle East.

Airlines are facing what executives describe as their most severe operational strain in years, as Iran’s earlier closure of the key shipping route choked global jet fuel supply, pushing prices sharply higher.

Although oil prices fell below $100 a barrel following the ceasefire announcement, jet fuel costs remain elevated.Delta Air Lines said it expects lower-than-forecast second-quarter profit and plans to reduce capacity across its network to offset an estimated $2 billion increase in fuel expenses.

The carrier projects jet fuel prices at around $4.30 per gallon for the June quarter, significantly higher than a year earlier.Fuel typically accounts for about 27% of airline operating costs, making the recent surge particularly burdensome.

Industry data indicates jet fuel prices have more than doubled since the onset of the Iran conflict, outpacing increases in crude oil.Airlines globally have responded by raising fares, cutting flights, carrying additional fuel from origin airports and adding refueling stops to manage supply uncertainty.

Walsh said that while crude prices may ease, jet fuel is likely to remain relatively expensive in the near term due to refinery constraints. “Even if it reopens and stays open, it will take months to restore supply to required levels,” he said.The disruption is also affecting adjacent sectors.

TUI said it is assessing options for two cruise ships stranded in Abu Dhabi and Doha since the conflict began, noting it could take weeks to resume operations.Analysts said the ceasefire has supported airline stocks, with some describing the situation as a potential buying opportunity.

However, broader recovery in travel demand may lag, with economists pointing to a prolonged impact on consumer confidence.

According to Oxford Economics, it could take several months for traveler sentiment to normalize, even under a stable ceasefire scenario, as safety perceptions recover gradually.

The Middle East tourism sector, valued at roughly $367 billion, is also expected to face a delayed rebound, reflecting the wider economic fallout from the conflict and supply chain disruptions.

”Albanese’s comments came after Trump warned that “a whole civilization will die tonight” if Tehran failed to meet a U.S. deadline for a deal, language the Australian leader said would cause concern.

“I don’t think it’s appropriate to use language such as that from the president of the United States,” Albanese said, while adding that the ceasefire represented a positive step.

“What we have called for is a de-escalation, and that is what has occurred, and that’s a good thing.”Australia has been among countries urging restraint amid escalating tensions that have disrupted global energy markets and heightened economic uncertainty.

Foreign Minister Penny Wong also criticized Trump’s remarks in an interview with national broadcaster ABC, saying threats of widespread destruction were unacceptable.

“I don’t think anyone should be threatening the destruction of a civilization,” Wong said, adding that the ceasefire must hold given its implications for the global economy and energy supplies.

Wong also rejected Israeli assertions that the ceasefire does not extend to Lebanon, where ongoing strikes have caused significant casualties and displacement.

The statements reflect broader international concern over the tone and scope of rhetoric surrounding the conflict, even as diplomatic efforts seek to stabilize the region under the fragile truce.

“I welcome the ceasefire agreement reached overnight, which will bring a moment of relief to the region and the world,” Starmer said in a statement, adding that efforts must now focus on sustaining the truce and reopening the vital maritime route.

Starmer said Britain would work with partners to support and uphold the ceasefire and turn it into a lasting agreement, while seeking to protect global economic stability by restoring access through the Strait of Hormuz, a key artery for oil and gas shipments.

The visit comes amid heightened diplomatic activity following the ceasefire, with London positioning itself in efforts to stabilise energy flows and reduce disruption to global markets.

Starmer, who has faced criticism from U.S. President Donald Trump for not backing recent U.S. and Israeli strikes on Iran, has in recent days convened multinational discussions on securing the reopening of the strait.

According to the British government, the prime minister’s discussions in the Gulf will focus on diplomatic measures to reinforce the ceasefire and prevent further escalation that could threaten international trade.

The trip had been scheduled prior to the ceasefire announcement, but now takes on added significance as global attention turns to ensuring uninterrupted passage through one of the world’s most strategically important waterways.

British Foreign Secretary Yvette Cooper also held talks with U.S. Secretary of State Marco Rubio on Tuesday, discussing coordinated diplomatic steps to reopen the strait, including a UK-led meeting last week that brought together more than 40 countries to address the issue.