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The US House voted 314-104 to defeat an amendment that would have cut military aid to Israel, but more than 100 Democrats supported the measure, exposing growing divisions within the party. The near-even split among Democrats signals a shift in the party's stance on Israel, driven by changing voter attitudes and the ongoing Gaza war.
The U.S. military has launched airstrikes on Greater Tunb Island in the Strait of Hormuz, targeting Iranian defense and missile sites, as part of an intensified campaign and reimposed blockade on Iranian ports. Iran has retaliated with missile and drone fire against regional targets, and Tehran has threatened to halt regional energy exports.
Iran's Islamic Revolutionary Guard Corps (IRGC) has claimed responsibility for attacks on US military targets at bases in Kuwait and Jordan, including an air base in Kuwait and the Azraq base in Jordan, according to Iranian state media and the IRGC-affiliated Fars News Agency. The IRGC also claimed to have received intelligence from Jordanian civilians and to have damaged US aircraft in attacks on Jordan's Aqaba Airport, though these claims have not been independently confirmed.
The United States fired on an oil tanker attempting to reach Kharg Island, part of its naval blockade on Iran, while strikes were reported in Tehran and other cities. Iran responded with attacks targeting Bahrain and Kuwait, and shipping in the Strait of Hormuz has plunged amid the escalating conflict.
South Korean stocks tumbled sharply as escalating Middle East tensions and a selloff in technology shares rattled investors. The KOSPI fell more than 6 percent in a volatile session, while the Bank of Korea raised its benchmark interest rate. The U.S. launched fresh strikes on Iran, adding to worries about energy supplies.
South Korea's finance ministry announced plans to closely monitor sectors with sluggish employment, including manufacturing, amid renewed Middle East tensions. The country added 63,000 jobs in June, rebounding from a May decline, but youth employment and manufacturing remain weak, prompting a comprehensive youth job package expected in the third quarter.
Argentina came from behind to beat England 2-1 in the World Cup semi-final, with Lautaro Martínez scoring a 92nd-minute winner. Lionel Messi inspired the comeback, setting up Enzo Fernández's equaliser before crossing for Martínez's header. Argentina will face Spain in the final on Sunday.
Container shipping is gradually returning to the Suez Canal as tensions ease, but a potential Houthi blockade of the Bab el-Mandeb Strait could hit non-oil freight hard. Reports detail Maersk's rerouting of the AE15 service and expert warnings on the impact to container markets.
US Central Command has conducted new strikes on Iranian targets, with smoke rising from explosions at an undisclosed location. Meanwhile, reports indicate damage on Kharg Island and a US soldier boarding an Iranian ship in the Strait of Hormuz, as regional tensions persist.
The International Monetary Fund has warned that the global economy has largely used up its capacity to absorb energy shocks, with oil reserves depleted and inventories near operational minimums. The warning comes as the Strait of Hormuz remains restricted amid the US-Iran conflict, threatening further economic damage.
The United States Central Command announced a new wave of strikes against Iranian military capabilities, targeting sites linked to threats against commercial shipping in the Strait of Hormuz. Reports from Iranian media describe explosions in multiple cities, and Tehran has declared the strait closed after a recent incident.
European Commission President Ursula von der Leyen announced a new EU-Ukraine drone production deal during a visit to Kyiv, as Russian ballistic missiles struck the capital. The agreement aims to combine Ukraine's battlefield expertise with Europe's industrial capacity, building on similar deals Kyiv has signed with individual nations.
Iran's Revolutionary Guards have threatened to close additional export routes serving US and allied interests after shutting the Strait of Hormuz, while the US military has launched fresh strikes on Iranian targets. The escalation includes a naval blockade, tanker interceptions, and attacks on Gulf allies, raising tensions across the region.
Following the passing of Qatar's Father Emir, Sheikh Hamad bin Khalifa Al Thani, tributes highlight his role in establishing Al Jazeera in 1996, a network that reshaped Arab media and gave voice to the marginalized. Colleagues recall his commitment to free and independent journalism, despite regional and international pressures.
The US has reinstated a naval blockade on Iranian ports following Iranian attacks on ships in the Strait of Hormuz. US forces have disabled vessels attempting to breach the blockade, while Iran says its control over the waterway will not be compromised.
Seoul stocks closed more than 6% higher on Wednesday, led by tech heavyweights, after softer U.S. inflation data boosted Wall Street. The KOSPI jumped 427.58 points to 7,284.41, while the Korean won strengthened against the dollar.
Seoul shares closed more than 6% higher on Wednesday, led by technology heavyweights, after cooler-than-expected US inflation data eased rate-hike concerns. The KOSPI settled at 7,284.41, with institutional and foreign investors net buyers, while Middle East tensions remained a backdrop.
Iran's Islamic Revolutionary Guard Corps (IRGC) has carried out missile and drone strikes on a US air base in Jordan and plans to continue attacking US military bases until 'ultimate victory,' according to reports from the Russian state news agency TASS. The strikes are described by the IRGC as a 'retaliation operation' that is still underway.
The interim US-Iran ceasefire has collapsed, leading to renewed airstrikes, Iranian retaliation, and threats to close strategic straits. President Trump has escalated rhetoric, proposing and quickly abandoning a toll plan for the Strait of Hormuz, while global oil prices rise. The conflict has renewed discussions in Washington about regime change, with diplomatic efforts failing to secure concessions.
South Korean stocks extended gains Wednesday morning, with the KOSPI climbing more than 6% to above 7,300, buoyed by a Wall Street rally fueled by cooling U.S. inflation and President Trump's decision to drop a proposed fee on Strait of Hormuz cargo.