Morning Briefing: Wednesday 10 June 2026
- The bilateral Iran-Israel pause held overnight into Wednesday after President Donald Trump explicitly told both sides to “stop shooting” on what is now the war’s 101st day. Iran formally suspended “Operation Nasr” Monday after the IRGC missile strike on Israeli Nevatim and Tel Nof air bases; Netanyahu said fire against Iran is currently “on hold”. Trump said both sides are seeking an “immediate ceasefire”. The Iran framework deal remains in operational impasse; Iran maintains “no tangible progress” on talks.
- The US House of Representatives approved a War Powers Resolution last week halting US military actions against Iran without congressional authorisation, a structural domestic-political constraint on the Trump administration. The Israeli army continues operations against Hezbollah in southern Lebanon despite the Iran-Israel pause; Hezbollah Secretary General Naim Qassem maintains the Thursday rejection of the conditional ceasefire. The Houthi Red Sea ban on Israeli shipping remains in place.
- The FTSE 100 is set to open modestly higher Wednesday at around 10,400 as the Trump-extended Iran-Israel pause holds. Brent crude eases to $95.50 a barrel from Tuesday’s $96.80 close. UK 10-year gilt yields ease to 5.01% — just above the 5% line that has been the binding macro-political resistance level. Sterling firms to $1.3420. PMQs at noon is expected to lead on Iran with the Houthi Red Sea ban and the Cobra-level convening as principal probe lines.
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The bilateral Iran-Israel pause held overnight into Wednesday after President Donald Trump explicitly told both sides to “stop shooting” on what is now the war’s 101st day. Iran and Israel declared a halt to fighting as Trump said both are…
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