Gold Prices Rise as Weaker Dollar and Iran Ceasefire Hopes Boost Safe-Haven Demand 
European Stocks Edge Higher as Iran-U.S. Peace Talks Boost Market Sentiment 
U.S.-China Beef Trade Deal Hopes Rise Ahead of Trump-Xi Summit 
European Stocks Fall as US-Iran Conflict Rekindles Energy Supply Fears 
Israeli Strikes in Gaza Kill Three as Ceasefire Tensions Continue 
Qatar LNG Tanker Crosses Strait of Hormuz Amid Iran War Tensions 
Qatar Condemns Drone Strike as Iran Conflict Threatens Gulf Shipping and Global Markets 
China-Made Fireworks Power U.S. Independence Day Celebrations Amid Trade Truce 
Asian Currencies Slip as US Dollar Gains on Rising Iran Tensions and Awaited Jobs Data 
Lula and Trump Talks Signal New Phase in Brazil-US Relations 
Trump Signals Possible U.S.-Iran Peace Deal as Markets Rally on Hopes of War Ending 
Iran-U.S. Peace Deal Near as Oil Prices Fall and Nuclear Disputes Persist 
Dollar Slips as Strong U.S. Jobs Data Reduces Fed Rate Cut Expectations 
Germany Rejects Putin’s Proposal for Schroeder to Mediate Ukraine Peace Talks 
Saudi Aramco Q1 Profit Jumps 25% as Strait of Hormuz Crisis Reshapes Oil Exports 
Judge Rules DOGE Humanities Grant Cuts Unconstitutional 
Oil Prices Surge as U.S.-Iran Conflict Threatens Strait of Hormuz Supply Route 
South Korean President Yoon Suk Yeol reversed his martial law order early Wednesday after facing fierce opposition from the National Assembly. The surprise move was declared and rescinded within hours, and it has left the nation questioning the government’s approach to political discord.
National Assembly Ends Martial Law Amid Political Turmoil
According to Yonhap News Agency, the National Assembly decided to end emergency martial law early Wednesday, and South Korean President Yoon Suk Yeol announced the lifting of the ban shortly after. The United States expressed "grave concern" over the political theater that had been going on for hours.
Approximately six hours after he unexpectedly declared a national emergency, accusing the opposition of "paralyzing" the government with "anti-state" actions, his Cabinet voted to cease martial rule enforcement at 4:30 a.m., a decision that sent shockwaves throughout the nation and the world.
A return to normalcy has been announced by the Joint Chiefs of Staff, as the troops that were mobilized to implement martial law have now returned to base.
Yoon Defends Emergency Measures as Necessary for National Stability
"At 11 p.m. last night, I declared emergency martial law with my resolute intent to save the nation in the face of anti-state forces that attempt to paralyze the nation's essential function and the constitutional order of free democracy," stated the president.
"But there was a demand from the National Assembly for the lifting of martial law, (I) have withdrawn troops mobilized to execute martial law affairs," he explained.
Yoon has asserted time and time again that the National Assembly is engaging in "outrageous" actions, such as attempts to impeach government leaders, that he claims impede national functions.
Declaration Sparks Domestic and International Concern
The proclamation of martial law was a shocking development that had far-reaching consequences. Officials from the United States have conveyed their "grave concern" and emphasized the hope that any "political" conflicts in South Korea can be resolved "peacefully."
