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Iraq has signed dozens of agreements with American companies during a visit by Prime Minister Ali al-Zaidi, including a deal to revive the Kirkuk-Baniyas crude oil pipeline. The move aims to reduce dependence on the Strait of Hormuz, which has seen disruptions due to the US-Israeli war against Iran. The US State Department has welcomed the plan, expecting American companies to play a key role.
The United States has carried out a seventh consecutive night of strikes against Iran, with US Central Command saying the attacks aim to degrade Iranian military capabilities. Reports also indicate the deployment of a B-1 long-range bomber, and US officials and regional allies have expressed concerns about further escalation.
Iran has attacked a Thai-flagged vessel attempting to pass through the Strait of Hormuz without permission, according to Iranian news agencies cited by TASS. The incident is part of a broader escalation between the US and Iran following US airstrikes on July 8.
As the Strait of Hormuz remains closed amid renewed US-Iran hostilities, Gulf states and global markets are accelerating efforts to bypass the critical waterway. New pipelines, including a proposed link through Israel, and expansions of existing routes are being considered to reduce dependence on the strait, though analysts caution about the long-term viability of these alternatives.
The European Union has unveiled a proposal to overhaul its Emissions Trading System, giving businesses more time and a less costly path to cut emissions, while critics warn the changes could weaken the bloc's most effective climate policy.
Iran has accused the United States of bombing civilian infrastructure in its latest wave of airstrikes, with bridges, a train station, and an airport among the reported targets. The strikes follow President Trump's threat to hit infrastructure to pressure Tehran over the Strait of Hormuz, and Iran has responded with missile attacks on US-allied nations.
Andy Burnham has been confirmed as the leader of the UK’s governing Labour Party, securing more than 85% of MPs' backing. He is set to become prime minister on Monday, facing challenges including the cost of living crisis, wars abroad, and the rise of Reform UK.
The UK government has unveiled plans to cut bilateral aid to several African countries by up to 90% by 2029, with Malawi, Mozambique, and Kenya facing the steepest reductions. The cuts, part of a shift toward increased defence spending, have drawn sharp criticism from development organisations and experts warning of severe impacts on vulnerable communities.
TASS reports that US Air Force strikes on facilities in Iran's Hormozgan Province killed at least eight civilians, and that US forces also struck the Darhovin Nuclear Power Plant. The reports detail the escalation of US-Iranian tensions since July 8, including the termination of the ceasefire and Iranian retaliatory strikes on US facilities in the Middle East.
The United States has expanded its airstrike campaign against Iran, increasingly targeting bridges, while Iran has launched missile attacks on Gulf nations including Bahrain and Kuwait. The interim ceasefire has collapsed, and the conflict over the Strait of Hormuz continues to escalate.
Kuwait's armed forces said their air defenses were intercepting Iranian drones and missiles, following reported Iranian drone strikes on a US base in Bahrain and new US attacks on Iran. Explosions were reported near several Iranian cities.
President Donald Trump is set to deliver a primetime address to the nation on Thursday at 9 P.M. Eastern, amid ongoing strikes against Iran and heightened speculation over election security. The speech comes as Democrats preemptively counter his claims about voter fraud, and networks weigh whether to carry the address live.
The US has launched a sixth consecutive night of strikes against Iran, targeting military capabilities near the Strait of Hormuz. Iranian state media reported explosions and damage in several cities, while US officials expressed openness to continued diplomacy.
The US and Iran have exchanged strikes over control of the Strait of Hormuz, with Iran announcing its closure and the US insisting it remains open. As the conflict escalates, experts describe how the waterway is monitored through a combination of military and commercial assets, while officials on both sides trade claims about leadership and control.
Russian and Chinese officials and analysts have marked the 25th anniversary of the Treaty of Good-Neighborliness, Friendship and Cooperation, emphasizing shared visions for a multipolar world and record trade growth. Russian Ambassador to China Igor Morgulov highlighted that bilateral trade could soon reach $300 billion annually, with figures showing a 25.6% increase in the first half of 2026.
Germany's upper parliamentary chamber, the Bundesrat, has approved a bill that would make denial of Israel's right to exist a criminal offense, punishable by up to five years in prison. The legislation now moves to the Bundestag.
Iran's ambassador to Turkmenistan, Ali Mojtaba Rouzbehani, stated that the US has failed to dominate the Strait of Hormuz, that sanctions pressure is ineffective, and that Israel is trying to drag Washington into a full-scale regional war. His remarks, published by the Iranian embassy in Ashgabat, were reported by TASS.
The United States has launched new military strikes on Iran, targeting sites near Tehran and the Strait of Hormuz, while Iran's Revolutionary Guard Corps claims attacks on US assets in Gulf countries. Casualties and interceptions of missiles have been reported, with President Trump threatening further strikes if negotiations stall.
The Bank of Korea raised its benchmark interest rate by 25 basis points to 2.75% in a unanimous decision, marking the first hike since January 2023. The central bank cited persistently high inflation, a weak won, and robust export-led growth, and signaled the possibility of further increases.
US President Donald Trump announced that Iran has released an American citizen detained since December 2024, identified by her lawyer as US-Iranian Dena Karari. However, Iran's judiciary has denied any release or exchange of American prisoners, creating a direct contradiction with Washington's claim.