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South Korean stocks closed nearly 1% higher on Monday, driven by a US pause in strikes on Iran that eased Middle East tensions, a drop in oil prices, and a $950 billion tech cooperation agreement between South Korean and US companies.
The Pakistan Stock Exchange's KSE-100 index rose sharply on Monday, gaining more than 5,000 points intraday, driven by easing US-Iran tensions and expectations of a steady policy rate. The State Bank of Pakistan later maintained its policy rate at 11.5%.
Iran has warned Ukraine of consequences after a Ukrainian attack on an Iranian commercial vessel in the Caspian Sea killed one sailor. Tehran accuses Israel of orchestrating the attack, while Kyiv says it targeted Russian-linked military cargo. A senior Iranian lawmaker has echoed threats of retaliation.
The Pentagon has designated four soldiers killed in Jordan and Iraq as 'Overseas Operations Casualties', separate from other Operation Epic Fury casualties, amid conflicting reports over casualty figures and accusations that officials underreported wounded service members.
A youth-led protest movement in India, sparked by medical entrance exam leaks, has forced the resignation of Education Minister Dharmendra Pradhan and challenged Prime Minister Narendra Modi's government. Experts say the protests signal a generational shift in Indian politics as the country heads into key state elections.
Ukrainian President Volodymyr Zelensky met UK Prime Minister Andy Burnham at Portsmouth Naval Base, marking Burnham's first international visitor since taking office. The UK pledged to share electronic jamming technology and reaffirmed its £25 billion support for Ukraine since 2022.
Australian shares are poised to rise at the open, with futures pointing to gains as investors weigh easing US-Iran tensions against ongoing concerns over tech valuations. Wall Street closed mixed, while oil prices fell sharply, and the Australian dollar was little changed.
Israeli Prime Minister Benjamin Netanyahu has accused New York City Mayor Zohran Mamdani of fomenting hate after Mamdani called for his arrest over the ICC warrant. Netanyahu's office dismissed the ICC as a 'kangaroo court' and criticized Mamdani's record. The exchange comes ahead of Netanyahu's expected visit to the UN General Assembly and a meeting with President Trump.
A New Yorker investigation cited by the Jerusalem Post reveals that Biden administration officials predicted Israel would broaden the Gaza war into a regional conflict and now regret that US support enabled Prime Minister Benjamin Netanyahu to do so. The report details internal debates over military aid and Israel's rules of engagement.
Iran stated it made progress in talks with Oman on managing the Strait of Hormuz, focusing on safe passage and sovereign rights. The discussions follow U.S. attacks on Iran and a June memorandum of understanding, with both sides exploring temporary arrangements. Meanwhile, U.S. Treasury Secretary Bessent hinted at a possible breakthrough in broader U.S.-Iran talks.
A series of youth-led protests in India, sparked by a leaked exam paper and subsequent student suicides, have resulted in the resignation of Education Minister Dharmendra Pradhan. The movement, which calls itself the 'Cockroach Janta Party', has used humour and satire to challenge Prime Minister Narendra Modi's authority, drawing tens of thousands to the streets and leading to a significant escalation in demands.
The African Development Bank's top climate expert warns that an impending 'super' El Niño could inflict $10–20 billion in damages across affected African countries, reduce GDP by 1–2% on average, and trigger mass migration. The forecast threatens the bank's growth outlook for the continent, with farmers and fishing industries already facing losses.
Iran has halted retaliatory attacks against US allies after Washington paused airstrikes for a second and third night, raising hopes of renewed negotiations. Reports indicate US concerns over dwindling munitions influenced the pause, with senior officials advising President Trump to hold off on further escalation.
Recent reports indicate a missile launch from Iran toward Jordan, accompanied by an explosion in Bandar Abbas. Meanwhile, Gulf states project stability and economic growth, and Houthi military displays highlight IRGC influence.
Andy Burnham, the new UK Prime Minister, has said he will always put Britain's interests first in his dealings with US President Donald Trump, signaling a willingness to disagree publicly if necessary. His first call with Trump was described as warm, though both leaders have potential flashpoints, including Iran policy. Burnham also ruled out an early general election.
A Ukrainian strike on an Iranian commercial vessel in the Caspian Sea has killed one sailor and wounded another, prompting Tehran to summon Ukraine's diplomats and accuse Kyiv of a 'hostile and criminal' act. The incident raises concerns about a new front in the overlapping conflicts in Ukraine and the Middle East.
Iran has passed another night without US airstrikes as Washington pauses its campaign, with reports suggesting concerns over dwindling munitions are restraining further escalation. The lull has revived hopes of negotiations, but President Trump has threatened strikes at a 'much higher level' if no deal is reached.
With 100 days until the US midterm elections, President Donald Trump's Republicans risk losing the House of Representatives, according to polling and forecasts. A Democratic win would grant the party subpoena power and control of committees, while Trump warns that GOP losses could be historic.
Yemen's Houthi movement launched missiles at Saudi Arabia after accusing the kingdom of bombing Sanaa airport, breaking a fragile four-year truce. The escalation threatens to draw the Red Sea and the Bab al-Mandeb Strait into a wider regional conflict, with oil facilities targeted.
UN Secretary-General Antonio Guterres arrived in Damascus on Saturday for the first visit by a serving UN chief to Syria since 2009, meeting President Ahmed al-Sharaa and Foreign Minister Asaad al-Shaibani. He pledged support for reconstruction, condemned actions in the Golan Heights, and urged international backing for the country's transition. Syrian officials called for an Israeli withdrawal from southern areas.