The U.S. will pause escorting commercial ships through the Strait of Hormuz barely a day after it began doing so, U.S. President Donald Trump said Tuesday, citing a desire to reach a peace deal with Iran.

SAHA 2026, the International Defense, Aerospace and Space Industry Fair, opened at Istanbul Expo Center, bringing together more than 1,700 companies from over 120 countries.

Kiev said on Wednesday that Russia had violated a unilateral ceasefire called by Ukraine by attacking Ukrainian cities with 108 combat drones and three missiles.

Oil prices extended losses and stocks rallied Wednesday on fresh hopes for an end to the Iran war and the reopening of the Strait of Hormuz, while Samsung blasted past the $1 trillion valuation mark as the AI tech boom continued apace.

The Turkish Central Bank will continue to use all monetary policy tools in line with its price stability objective despite the negative impact of the war on the disinflation process, Governor Fatih Karahan has said.