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The US military launched strikes on Iran in response to attacks on commercial vessels in the Strait of Hormuz, with Iran accusing the US of violating a ceasefire agreement. The US Treasury revoked a sanctions waiver on Iranian oil exports, and Qatar and Saudi Arabia denounced the attacks on their tankers.
Seven OPEC+ producers, including Saudi Arabia and Russia, agreed to increase oil production quotas by 188,000 barrels per day from August, marking the fifth consecutive monthly hike. The move comes as shipping through the Strait of Hormuz gradually returns to normal following the US-Israeli war with Iran, though output remains below pre-conflict levels.
Funeral processions for Iran's late Supreme Leader Ali Khamenei have begun in Tehran and Najaf, with week-long ceremonies planned across Iran and Iraq before his burial in Mashhad. Khamenei was killed in late February in joint US-Israeli strikes, and his son Mojtaba has succeeded him.
Iranian President Masoud Pezeshkian and other senior officials attended funeral ceremonies for the late Supreme Leader Ali Khamenei, but his successor and son Mojtaba Khamenei remained absent. The week-long funeral has paused US-Iran talks, which President Trump said may be 'over' after recent strikes.
Iran has begun a six-day funeral for former supreme leader Ali Khamenei, who was killed in a US-Israeli strike in February. The ceremony, expected to draw millions, features public calls for retribution against Donald Trump and highlights regional tensions, including US sanctions and inflammatory rhetoric.
US President Donald Trump told reporters and CNBC that Iran is agreeing to virtually all American demands, citing military success in the months-long war that began on February 28. Washington and Tehran signed a memorandum of understanding for a ceasefire, with implementation talks mediated by Qatar and Pakistan held in Switzerland.
Indirect talks between the United States and Iran in Doha have concluded with both sides reporting progress, including the establishment of a communications channel to address breaches of their memorandum of understanding. President Donald Trump says the denuclearisation of Iran is moving well, while mediators Qatar and Pakistan describe positive momentum.
A US Navy MH-60S Seahawk helicopter made an emergency water landing in the Arabian Sea on Wednesday, leaving one service member missing and three others injured but stable. The US military has suspended its search for the missing sailor, and the cause of the incident remains under investigation with no indication of hostile action.
Israel's Defense Ministry Director General Amir Baram outlined a vision for a regional alliance linking India, the UAE, Greece, and Cyprus, as Israel deepens defense ties with India and Greece. The strategy, presented at the Herzliya Conference, aims to counter Iran and is modeled on Israel's multi-layered air defense, with Greece moving toward a major air defense purchase from Israel.
US envoys Steve Witkoff and Jared Kushner met with Qatari mediators in Doha, while Iran denied plans for direct talks with the US, despite President Trump's claim. Qatar said no high-level meetings were planned, with indirect negotiations set to continue.
Washington and Tehran are sending delegations to Doha for indirect technical talks mediated by Qatar and Pakistan, focusing on the Strait of Hormuz, Iran's nuclear program, and the release of $6 billion in frozen funds. However, Iranian officials insist no direct meetings with the US are planned, contradicting President Trump's claim that talks would take place.
Regional instability from the Gulf conflict is dampening Pakistan's market sentiment, with foreign direct investment down 28% and bond outflows exceeding $2bn, even as remittances hit record highs and over 300,000 Pakistanis found Gulf employment in early 2026.
House Minority Leader Hakeem Jeffries pressed for a full unclassified briefing on the US-Iran conflict, calling the war 'reckless and costly.' Secretary of State Marco Rubio and Special Envoy Steve Witkoff briefed Congress on peace talks, with assurances on Iran's uranium stockpile.
US President Donald Trump says talks with Iran will take place in Qatar on Tuesday, but Iranian officials say no direct negotiations are planned, as the Strait of Hormuz remains a flashpoint.
Iranian President Masoud Pezeshkian announced that $6 billion of $12 billion in frozen Iranian assets held in Qatar would be released, citing the interim deal with the U.S. as a victory. However, tensions remain high after recent attacks in the Persian Gulf and internal disagreements between civilian leaders and the IRGC over control of the Strait of Hormuz.
Iranian and US technical teams are set to meet in Doha in the coming days to continue implementing a memorandum of understanding, after weekend strikes threatened the fragile accord. The interim agreement aims to end four months of conflict and reopen the Strait of Hormuz.
Following a weekend of tit-for-tat strikes that threatened to derail the interim peace deal, the US and Iran have agreed to halt attacks and resume technical talks. However, an Iranian official said no technical meetings are scheduled this week, even as reports suggest a meeting in Qatar was planned.
The US Supreme Court is set to conclude its term with several major rulings pending, including cases testing Trump's presidential powers, election laws, and transgender athlete bans. The court has already delivered victories to Trump on immigration and a loss on tariffs.
The United States and Iran have agreed to pause attacks and allow vessels to move freely through the Strait of Hormuz, according to a US official. Technical talks on the memorandum of understanding are set to resume on Tuesday in Qatar, following a weekend of tit-for-tat strikes that threatened the interim deal.
Following Iranian missile and drone strikes that damaged multiple US installations in the Middle East, Washington is considering relocating parts of its military footprint, including to Israel. Reports detail severe damage to the Fifth Fleet's Bahrain base and ongoing deliberations over the future of US posture in the Gulf.