To the surprise of almost no one, all sides declared victory as they formally accepted Donald Trump’s announcement of a ceasefire on Tuesday morning, but the long-term winners – if any – and losers will take some time to emerge.
By midday in the Middle East, the dust had not even settled. More than two hours after the ceasefire was supposed to have started, at 05:00 GMT, Israel said it had intercepted at least two missiles coming from Iran heading for the north of the country. Iran denied having launched anything, but Israel vowed devastating retaliation.
