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US President Donald Trump has abandoned a proposed 20% fee on ships passing through the Strait of Hormuz, instead opting for trade and investment deals with Gulf states. The decision follows 'highly productive conversations' with Middle East leadership, according to Trump.
US President Donald Trump has abandoned his proposal to charge a 20% fee on cargo shipping through the Strait of Hormuz, saying he will instead pursue trade and investment agreements with Gulf states. The reversal came hours before the US naval blockade of Iranian ports was set to take effect, as US and Iranian forces continued to trade strikes across the region.
Indian activist Sonam Wangchuk ended his 26-day hunger strike over leaked medical entrance exam papers, with protests continuing to demand the education minister's resignation. The leaks affected about 2 million students and have triggered nationwide demonstrations, representing a significant youth challenge to Prime Minister Modi's government.
President Donald Trump has proposed that the US take over the Strait of Hormuz and charge a 20% toll on cargo, a plan that has drawn expert skepticism and criticism from Brazilian President Lula, who called it 'piracy'.
India has summoned Iran's deputy envoy in New Delhi to protest attacks on two tankers in the Strait of Hormuz, which killed an Indian national and injured 10 others. New Zealand also summoned Iran's ambassador, urging de-escalation. India called for an immediate halt to violence and a return to dialogue.
The Pakistan Stock Exchange's benchmark KSE-100 index lost over 6,400 points on Tuesday as equities experienced a massive sell-off, driven by renewed fighting between the United States and Iran. Global oil prices surged to their highest in four weeks, with Brent crude up 3.47% and US WTI crude also rising. Analysts attribute the decline to geopolitical instability, including the US reimposing a naval blockade on Iran and increased attacks in the Strait of Hormuz.
Russian Foreign Minister Sergey Lavrov said the resumption of US strikes on Iran violates the memorandum of understanding between Washington and Tehran, warning that it closes the door to a peaceful resolution. Lavrov also noted that Israel and President Trump no longer recognize the memorandum, as regional security remains fragile.
Lebanon and Israel have resumed talks in Rome, mediated by the US, aiming to implement a framework agreement that calls for the phased withdrawal of Israeli forces from southern Lebanon and the disarmament of Hezbollah. Hezbollah has rejected the deal, while expectations for rapid progress remain low amidst ongoing regional tensions.
Iran's foreign ministry has condemned Britain's move to designate the Islamic Revolutionary Guard Corps as a security threat, calling it 'unjustified' and 'irresponsible.' The UK government proscribed the IRGC under fast-tracked legislation following attacks on the Jewish community and Iranian dissidents, with breaches punishable by up to 14 years in prison.
Reports from TASS and The New York Times indicate that ground robots are increasingly used in the Ukraine conflict for supply delivery, wounded evacuation, and combat, with Ukrainian forces also adapting Western vehicles for remote control. The conflict is said to have accelerated military robotics development globally, with some technologies already used beyond Ukraine.
A 26-year-old Colombian man was fatally shot by an ICE agent in Biddeford, Maine, marking at least the ninth death linked to federal immigration enforcement under the Trump administration. Witnesses dispute official accounts, and the FBI is investigating.
Yemen's internationally recognized government and Presidential Leadership Council have condemned an Iranian civilian flight that landed in Sanaa, carrying passengers to the funeral of Iran's late supreme leader. The coalition backing Yemen's government has vowed a forceful response to Houthi threats, while the Houthis say they prevented Saudi warplanes from blocking the aircraft.
The Trump administration has announced a sweeping campaign against the International Criminal Court, accusing it of posing an 'intolerable threat to US sovereignty.' The EU has pushed back, defending the court's role in prosecuting war crimes and genocide.
The United States has carried out a third consecutive night of strikes against Iran and announced the reimposition of a naval blockade on Iranian ports, with President Trump threatening further escalation. The UAE reported that two of its oil tankers were hit by Iranian cruise missiles in the Strait of Hormuz, killing one crew member. Meanwhile, Iran's Revolutionary Guards accused the US of jeopardising global oil and gas supplies.
President Trump announced the reinstatement of a blockade on Iran in the Strait of Hormuz, imposing a 20% toll on eligible cargo, but reversed the toll the next day. The move highlights the fragile ceasefire and the strategic importance of the waterway, with Iran and the US at odds over control.
Seoul shares closed higher Tuesday, led by a rebound in technology heavyweights, despite ongoing concerns over Middle East tensions and AI sector uncertainty. The KOSPI rose 0.73% to 6,856.83, while the Korean won strengthened. Bond yields climbed as prices fell.
The Pakistan Stock Exchange's benchmark KSE-100 index fell more than 3,000 points during early trade on Tuesday, extending losses for a second day. The decline was attributed to rising global oil prices and heightened US-Iran tensions in the Strait of Hormuz.
The United States launched new airstrikes on Iran, prompting retaliation against Gulf Arab states and tankers. As tensions escalate over the Strait of Hormuz, President Trump has warned of further strikes, while oil prices have risen.
Keir Starmer is pushing the long-delayed Hillsborough law through its final Commons stages in his last week as prime minister. The bill, which creates a duty of candour for public officials, was delayed by security service concerns. Andy Burnham, who first introduced the bill in 2017, gave his first Commons speech since returning to Parliament, calling it Starmer's 'legacy.'
The US military has launched a third consecutive night of strikes against Iran, while Iran's Revolutionary Guards Corps announced missile and drone attacks on US facilities in Bahrain. Both sides accuse each other of violating the interim agreement that had ended fighting in June.