live from singapore, this is bbc news. welcome to newsday, reporting live from singapore, us president donald trump declares a complete and total ceasefire between israel and iran. iran denies any agreement has been reached but the country's foreign minister says iran has no intention of continuing retaliatory strikes. hours earlier, an iranian attack on a key us airbase in qatar. the gulf state has since opened its airspace. and come out on business today, will prices tumble. i am reporting from tianjin, china.

the price slide has offered some relief to leaders and policymakers here, but there are plenty of other challenges to global growth to be discussed. hello and welcome to newsday. i'm katie silver. us president donald trump has announced that a ceasefire agreement has been reached between israel and iran, said to come into effect in the coming hours. this is the truth social poster which he made the announcement. he said the ceasefire would be "complete and total and expected to start in the next few hours". it talks about a periodic unravelling, but that at the 12th hour, it will end. the iranian foreign minister

said on x "i think the forces who are determined to defend our country till their last drop of blood, and who will attack the enemy to the very last minute. " thank you for joining me. in the last hour we have had a response from the iranian foreign ministry. can you give me a sense of the full announcement? it feels like this looks like a factor boys rather than an official truce or unofficial ceasefire. so the iranian foreign minister says" military operations will stop at 4am tehran time" if israel holds its attacks and iran had no intentions to continue beyond that point. at the same time he says that the final decision on finishing all these

from the iranians side will be made later. so he opens the door for further fires and attacks against israel. at the same time we can see that israel hasn't officially confirmed that it agrees with the ceasefire suggestion. so what we're seeing is that have paused because the reports from tehran that we are receiving is that there is no more bombardment beyond the 4am time. and this shows that there is this pause there, and tehran is currently calm, but there is no binding or publicly declared or formal ceasefire that we can see, ok, this won't be broken tomorrow. it does seem like between washington and tehran, both sides, the big debate is about who will stop first. can

you give me a sense what you're hearing about what life is local people in a run at the moment? we have been hearing of the programme about many trying to flee to neighbouring countries. no doubt many fearing for the lives of their families. what are you reading and hearing? there is a sense of relief because tonight was based on eyewitness reports. it was one of the worst of the worst since the war started. so there is a sense of relief, innocence, but there is an underlying fear that remains from the messages that i have received, a distrust, also, because they don't - people in tehran specifically don't believe that these fires are going to be entered or, you know, stopped for a very long time. -- ended. while there is a calm, people believe this is a calm before the storm. this is temporary. a lot of people

say that the dominant mood is that they have lots of trauma to deal with at the same time fearing for the future. a lot of people in district six and seven of tehran that are highly populated left their homes in the night passed in around, because the adf announced that they should evacuate and all these people slept on the streets, by the parks, and they don't know if tomorrow comes this pause is really going to last. at the same time, i spoke with a family in tehran that actually return from turkey back to tehran to see what the situation is, to find that a part of their houses destroyed. so there - there is this fear

of what is going to happen in the future. there is definitely harms to people that has only been done. and nothing can be done about that. and there is also this mixed feeling of distrust and the fact that people of iran, now they have completely lost their confidence in the regime for protecting them. the regime that actually didn't give the morning to evacuate their homes, at the regime they didn't tell them where to go when - when there was bombardment. so there is a question of whether when the war ends, if people will trust or cd regime in the same way that they used to before. thank you so much for giving us that human take on this war that we have been covering on the programme. --if people will

trust or see the regime. i'm joined by jack wighton. thank you for joining me. it has been a quick turnaround. -- jake kwon. we have heard of a formulated timeline, but now it seems that israel is in agreement, how do you think the details will play out? we need to hear from the israelis. --it seems that iran is in agreement. the iranians have said there is no official agreement or ceasefire, only a hint that there will -- they will stop the hostilities of the israeli stopped as first. what are hearing from americans, from washington, in the us media as well as our us partner cbs news, there was a very high amount of diplomatic effort that was happening already after the american bombing of the iranian nuclear sites on saturday that president trump and his officials has been making

efforts to go between israelis and iranians and the qatari is, actually, who helped out with mediation, to get a diplomatic deal here. from the - president trump's officials, like steve witkoff, the special envoy, and the diplomatic - sorry, top at marco rubio. they really worked with the iranians side and the iranians were already on board. they signalled to americans that they had enough. for president trump he was communicating with the israelis and the israelis have to signal that after american bombardment of the nuclear sites in iran, they were then on-board afterwards. so what we're is that these countries, iran and america, really meaty to move on. -- really ready. we have seen stronger signal since saturday that americans wanted to exit this and wrap the conflict over here. jake kwon, thank you for your analysis

from washington. for more, joining me in the studio our correspondence from the national university of singapore. thank you for joining me. as we have been hearing, conversation about whether we will see the ceasefire come into play. and i guess many may have been surprised by the iranian response overnight, the fact that nobody was killed, the fact that they give this morning. how do you see it playing out over the next 24 hours because? first and foremost, we understand this announcement is really trumping trump. everything enthusiastic wanting to seize the opportunity. as to what to expect in the coming hours, it is still early. the iranians have serious calculations to make. they have already stated that they have no intention to continue the retaliation, but, at the same time, they cannot afford to look weak, because, ironically, they are weak, they are in a weak position now. so they have to balance the need

to sort of sees the narrative, so to speak, while at the same time ensuring that the escalator re- ladder doesn't get out of control from their perspective. i do feel the iranians do want to get back to the table, the negotiating table, as soon as possible. and this is something that donald trump wants as well. but there is also the israeli dimension. we haven't had the reaction of the israelis yet with regards to the announcement. israel, under netanyahu, the last year or so, we have seen that he is ready to seize the initiative and take advantage of the kind of strategic shifts on the landscape, and we do know that one thing that he has been very clear about, israel has been clear about, is the threat that comes from iran. this remains an opportunity for them to deal with that in a substantive way. we are hearing the likes of russia and north korea

supporting iran in the past couple of days. we have heard from antonio guterres saying - warning about the current state of international peace. how do you see the current state of the global order right now? how fearful you? you mentioned north korea. it is interesting because i think the north koreans are watching things very closely because they are obviously - there are lessons with regards to their own ambitions. russia has a strategic relationship with iran, but, as it turns out, it hasn't materialised in any substantive way as far as to is concerned. right? they've gone to the russians seeking assistance, seeking help, even before the recent round of bombings, and they have got nothing beyond just words of encouragement from vladimir putin. in terms of the largest scenario, there was always a concern that this would expand into a regional conflict. -- larger scenario. the concern

will always be there. at the same time, we do see all parties involved, the iranians in terms of how they calibrate their response, the americans in terms of the current approach. you know, we have bombed them, and now we are saying "ok, let's call it, let's get back to the table". still missing the various actors involved also inching very carefully towards this - this situation where things are shifting in a substantive way. so i'm not sure that we're going to see a major explosion in terms of regional expansion of - of the situation. because the iranians response so far has been very, very carefully calculated. if we look at us politics and us domestically, donald trump came into office saying that he was going to end the war in ukraine within a day. how do you see that playing into the white house's

behaviour here? as far as president trump is concerned, the outcome is immaterial, because it would be a win for him. yes? it is a question of how you shape that narrative ongoing. so, you know, going ahead to bomb when he said that he would make a decision in two weeks, when he said that he wouldn't start a conflict, for him, now, the active bombing is a means to an end of negotiation and peace, right? he feels that "i have bombed iran back to the negotiation table" and not only that they will now take the negotiation seriously. that is, i think the approach he has. how he swears this circle,

of singapore. there mark as tensions have continued to ramp up and the situation for iranians has become more and more dangerous, some have started to flee, making their way to neighbouring ammonia. the bbc's andrew harding sent this report, speaking to iranians crossing in. the sky over tehran today, crowded with giant plumes of smoke, israel's military bombing the iranian capital with what it called "unprecedented force". among the targets within this densely populated city, the vast and notorious evin prison, where the regime detains many thousands of activists, political opponents and foreigners including, until her release, the british iranian nazanin zaghari-ratcliffe. casualties have been reported here. the israelis appear to have been aiming specifically and symbolically at the prison courthouse where so many critics of the regime have been sentenced.

an israeli military spokesperson acknowledged targeting "iran's institutions of state repression". hence these scenes too - israel bombing the base of a paramilitary force in the capital, known for its role in crushing street protests. in the mountains far north of tehran, this lush valley has become a focus for some civilians trying to escape the violence. this is the border with armenia, and we've come to the armenian side. it's maybe ten hours' drive from here to tehran but, for now, this is as close as we can get to iran and to the turmoil shaking the islamic republic. lugging their bags across the border

into armenia, not a flood but a steady stream of iranians fleeing the conflict. everybody is afraid and everybody had enough. enough of what? enough of the regime, enough of the killing of the regime. do you see lots of people preparing to leave? oh, yeah, yeah, yeah, yeah, lots of them. traffic and this and that and people - they don't know where to go, how far to go. where to be safe. do you think the current leadership inside iran will survive? translation: i can't say. those who started this war want to remove the regime, but i don't know if they will succeed or if the religious fanatics in iran will hold their ground. we will see. an iranian flag in the distance. many crossing the border here were reluctant to speak to us for fear of reprisals back in iran. what we have here is a tiny window into what's going on inside iran itself. we've spoken to dozens of people who fled the country since the bombing started. the mood overall is one of profound uncertainty. there's genuine fear too and also a very cautious sense of hope. but those seeking regime change

acknowledge that could mean a long and risky war. my children, my brother also can die, ok? but this is the war and, for everything to change, some things, ok, we have to pay something. you have to sacrifice? yeah. so you think the americans have done the right thing? yes. andrew harding, bbc news on the iranian-armenian border. it is time to turn our focus to business news and market news in bizness today. investors are breathing a sigh of relief after us president donald trump said iran and israel had agreed to a ceasefire. -- business. global stock mazes are rising and why it has taken a deep dive as concerns over supply

have eased, despite remarks to the contrary from iran. suranjana joins a slope from the chinese city of tianjin, web business and political leaders are at an event called the summit davos. -- tewari. we have seen oil climate, double-digit drops. does it is in the business community is saying a brief of -- say of relief? there are any reporters in this region, not just china, where i am, but also india and japan, rely on a steady supply of oil and gas from the middle east. in order to make the products that they make in this part of the world. and to give their businesses running and really provide products to the rest of the world. there will be some relief in terms of reduced tensions in the middle

east, but there are many other challenges to be discussed at this forum, katie, not least the rising invasion and the fact that the us federal reserve, for example, is not bringing down interest rates. and not just that, leaders here thought they were walking into a really meaningful discussion about tariffs on how to navigate them and, instead, they have also been faced with the added pressure of rising oil prices. so definitely some relief as we see the oil prices go down. that means that the businesses, the business leaders, that are here, it means cheaper costs for those businesses and also some leverage when they are going into these discussion to try to figure out a path forward with every thing is going on in the world. you mention tariffs, there. we have been hearing the tariff negotiator is likely to fly to washington for seventh meeting about this. many are

trying to broker their own deals. what are you hearing from delegates there about tariffs and how they want to navigate their economic relationship with us going forward? well, longer term, tariffs is the big one. of course the tensions in the middle east are going to have an impact on global growth, but, in comparison, they might be more short term. then tariffs. as i say, that the chaos that has been created by the threat of tariffs and the tariffs means that many businesses and global policymakers just don't know what to do. some of these companies, auto companies, chip companies, they need to apply years in advance. and unless they know how much their products are going to cost, not only beginning point, to get the raw materials into the country, but also to ship the finished products into america or other countries around the world, it is impossible to plan. so these companies are coming in to try to navigate that. lots of supply chains

running through this region, especially in chip production and textile production as well, and all the analysts, or the global leaders are also saying that there is a real threat to global growth as a result of these types of challenges going forward. especially the smaller countries are really going to suffer. especially if they can't negotiate a tariff deal one-on-one with the us, compared to the larger economies, japan, korea, who perhaps can. suranjana tewari, thank you for your reporting from tianjin in china. we should oil that -- add that oil is done about 4%. earlier on wall street, investors in us stocks seem to shrug off the attack by iran on the us airbase in qatar. here is more from our business corresponded

michelle fleury. their action may not have been what many expected after america struck several iranian nuclear facilities over the weekend, but with stocks rising and oil prices tumbling, investors appeared relieved i am more limited response from iran following a weekend of military escalation. the dow jones closed up nearly 375 points, again of nearly 1%. the s&p 500 and nasdaq also moved higher as fears of a wider regional conflict eased somewhat. over the weekend the us launch strikes on key iranian sites. in response iran targeted an american base in qatar. but the attacks were intercepted and no casualties were reported. that more restrained response help calm the markets. it also triggered a sell-off in oil. us crude, west texas intermediate, fell 9%. certainly just under 68 dollars a barrel. also

weighing on the price of the black stuff, president donald trump posted on social media, urging oil producers to keep prices low, saying high prices would "play into the hands of the enemy". so while the picture remains uncertain, on monday at least investors appeared to be pressing in a more contained outcome. meanwhile on monday airlines across the world cancelled flights to the middle east and rerouted other fights amid safety concerns over the growing tensions. our business reporter david wood l. following the deadly red disaster in graduate, india was giving her precautions. it announced it was holding all operations to the middle east, but also flights to north america's east coast and europe. some flights in the air were diverted back to the departure airports and away from closed airspaces. the gulf region has become one of the world's most important hubs for air traffic. dubai recently

became the world does make busiest airport for international traffic. together, dubai, riyadh, and zohar see about a million passages a day. flight tracking data from flight radar 24 showed planes avoiding a run altogether. that is much of the area in the middle of this map. -- doha. flights have been avoiding a rug and other countries to the west of the middle east region. by monday, airspace had gone quiet, particularly over bahrain, qatar, and the uae. roughly 1400 flights every day pass through this corridor between asia and europe. to continue a breeding planes, they need to fade north of turkey or south over saudi arabia, which is more costly, as ours to flight times, and is more inefficient. in 2014, russian backed forces

in ukraine

from kuala lumpur, malaysia, this is the bbc world service. this multiethnic, multiracial nation has gone from rural poverty to urban affluence in two generations. it trades with china and the us. but as they clash, which way will it turn? this southeast asian nation is divided into east and west by the south china sea. it's an heir to immigration from india and china and beyond. and it's a country where islam is dominant, but freedom of worship is guaranteed by the constitution. modernity has come at a rush to malaysia, but growth has brought many questions - how to distribute the riches more equally? how to govern without the stain of corruption?