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The US Federal Reserve left its benchmark interest rate unchanged at 3.5%-3.75% for a fifth consecutive meeting, with a 9-3 vote. Fed Chair Kevin Warsh reaffirmed the central bank's commitment to its 2% inflation target, while government borrowing costs climbed to their highest level since 2007.
Ukrainian President Volodymyr Zelensky and Israeli Prime Minister Benjamin Netanyahu visited Washington for separate meetings with US President Donald Trump, amid signs that the Ukraine war and the US-Israel conflict with Iran are converging. Kyiv has accused Iran of complicity in Russian aggression and alleged that Moscow shares satellite imagery with Tehran, while diplomatic channels between Israel and Ukraine have opened.
The US and Saudi Arabia launched coordinated strikes on Iran-backed militia bases in Iraq, killing at least 20 fighters, while Iran fired ballistic missiles at US installations in Jordan. The attacks mark a significant escalation, with Riyadh publicly joining Washington for the first time.
Yemen's internationally recognized government has accused the Houthis of planning to impose fees on ships transiting the Red Sea and Bab al-Mandab Strait, drawing on Iran's model in the Strait of Hormuz. Foreign Minister Designate Afrah al-Zouba and Information Minister Moammar al-Eryani made the allegations, warning that attacks have already disrupted global trade.
Yemen's Houthi-run Humanitarian Operations Coordination Center denied plans to charge ships for traversing the Bab el-Mandeb Strait, saying passage remains free. The denial follows a report that the Iran-aligned group had been weighing fees, with Chinese vessels reportedly exempt, as regional tensions continue.
A 19-year-old Norwegian, Johannes Natland, was found guilty of conspiracy to murder in Britain after being recruited by the Foxtrot Network, a Swedish organized crime group linked to Iran. He was arrested in Huddersfield with firearms and ammunition, and his intended victim has never been identified.
US President Donald Trump was honored at the Knesset, where Prime Minister Benjamin Netanyahu spoke during a special plenum session. Meanwhile, protests near the UN office in Geneva drew attention to the second round of nuclear talks between the US and Iran.
Lebanese President Joseph Aoun's first White House visit in 17 years has spotlighted a potential historic shift in Israel-Lebanon relations, with Aoun stating Lebanon's goal to end hostility with Israel. The visit, part of a US-brokered negotiation process, comes amid Hezbollah's reported decline and Aoun's efforts to challenge its influence.
Recent missile and drone strikes on Jordan, including a lethal attack on a base used by US forces, show Iran's expanding front in the Middle East. Jerusalem Post analysis details Jordan's vulnerability, its historical ties to the West, and the strategic calculus behind Iran's choice of targets.
Formula 1 has set a mid-September deadline to decide whether its final rounds in Qatar and Abu Dhabi can proceed, with CEO Stefano Domenicali saying the season would end in Europe if they cannot. The decision comes after races in Saudi Arabia and Bahrain were called off due to the war in Iran.
Half of England and all of Wales have been officially declared in drought after record-low rainfall and high temperatures. July is set to be the driest month on record, with the Environment Agency warning of serious impacts on environment, wildlife, and economy.
The US military said it intercepted an Iranian missile barrage aimed at American forces in the Middle East, ending a brief pause in fighting. The attack coincided with Israeli Prime Minister Benjamin Netanyahu's White House visit, which both sides described as positive. Amid the escalation, a senior US commander has privately warned that American naval assets are stretched too thin, raising questions about the Pentagon's ability to sustain multiple commitments.
Ukrainian President Volodymyr Zelensky met US President Donald Trump at the White House, discussing Patriot missile production and diplomatic efforts. Zelensky thanked Trump for the meeting, while the Senate voted to sanction buyers of Russian oil and gas.
The US and Saudi Arabia launched joint air strikes on Iran-aligned groups in Iraq in response to drone attacks on Saudi oil facilities and US forces. Iraq's National Security Council condemned the strikes as a violation of sovereignty, while Iran denied involvement and condemned the attacks.
Multiple reports from the Jerusalem Post indicate that Iran had planned a ballistic missile response to a Ukrainian attack on an Iranian ship in the Caspian Sea, with one account specifying a seaport target, but canceled it after direct diplomacy. Ukraine denies targeting civilians, Russia accuses Kyiv of 'terrorist attacks', and the official record remains contested.
Iran has rejected an Omani proposal for joint oversight of the Strait of Hormuz, offering its own counterproposal that would give Tehran more control. The exchange comes amid a US-Israel war on Iran, which led to the strait's closure and subsequent diplomatic efforts to reopen it.
As a potentially record-strength El Nino intensifies, experts warn it could compound the effects of ongoing conflicts in Ukraine and the Middle East, threatening global food security. With risks of reduced rice output, higher food inflation, and continued acute hunger, the world faces a potential 'perfect storm.'
US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu met at the White House for the first time since launching a joint war against Iran. The meeting, described as 'positive and productive' by the White House, comes amid reported tensions over Iran policy and other issues.
Australian headline inflation fell to 3.8% in June, down from 4% in May, raising hopes that the Reserve Bank will hold rates steady at its August meeting. Underlying inflation remains at 3.6%, still above the RBA's target, prompting cautious optimism among economists and officials.
Turkiye and Iraq have signed a one-year agreement to keep crude flowing through the Kirkuk-Ceyhan pipeline, ensuring 750,000 barrels per day. The move follows a visit by Iraqi Prime Minister Ali al-Zaidi to Ankara, during which Turkish President Erdogan confirmed plans to acquire a stake in the Kirkuk oilfield and potential supply of 1 million barrels per day.