Middle East Ceasefire Expected to Hold Despite Fragility

Jefferies global economist Mohit Kumar has stated that despite the fragility of the Middle East ceasefire agreement, it is expected to hold. According to Odaily, Kumar noted that both parties have reached a point where they desire a ceasefire, as continued conflict would negatively impact both sides. Kumar highlighted that U.S. President Donald Trump is keen on reaching an agreement, as he lacks support from his core base for ongoing warfare. Meanwhile, the Iranian Revolutionary Guard faces challenges due to economic devastation, potentially paving the way for future uprisings. He concluded that given the interests of both parties, the unstable ceasefire is likely to persist.