Thursday briefing: ​What difference will the ceasefire in the Middle East make, and will it hold?

A fragile two-week ceasefire was announced, offering a brief respite after escalating tensions between the US, Israel, and Iran. The truce followed weeks of attacks and retaliation in the region and was aimed at de-escalation. However, unresolved issues and differing interpretations of the agreement threaten to reignite the conflict. The US and Israel have distinct perspectives on the deal's scope, with Israel continuing its assault on Lebanon. Trump warned of severe consequences if Iran doesn't adhere to his understanding of the agreement. Iran has reportedly halted oil tanker passage due to alleged violations by Israel. Meanwhile, the UK is taking action to help reopen the strait of Hormuz, a key shipping route. The Ukrainian president alleges US overlooking evidence of Russian support for Iranian attacks. Additionally, the Higher Education Policy Institute warns of financial risks in the UK university sector. These risks, stemming from borrowing and expansion, could jeopardize many institutions.