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Funeral ceremonies for Iran's late Supreme Leader Ali Khamenei have begun in Tehran, with authorities expecting 15-20 million participants over three days. The events, marked by red flags and calls for revenge, unfold amid a fragile ceasefire and questions about the public appearance of his successor, Mojtaba Khamenei.
Israeli officials signal potential re-establishment of settlements in Gaza, with Finance Minister Smotrich preparing plans and Netanyahu declining to rule out the option. The move faces international legal hurdles and a US-backed alternative administration plan.
Iran has commenced a week of funeral ceremonies for Supreme Leader Ayatollah Ali Khamenei, who was killed in a US-Israeli strike in late February. Foreign dignitaries and representatives of Tehran-backed groups have gathered in Tehran, with millions expected to attend public mourning events before burial on July 9.
Israel's cabinet decision to officially recognize the Armenian genocide has ended decades of caution, but it has also sparked debate over political motives and drawn sharp reactions from Turkey and Azerbaijan, while Armenia's response remains cautious.
Russian LNG exports to the European Union rose 17% year-on-year in the first half of 2026, reaching about 13.4 bcm, according to TASS calculations based on Bruegel data. Spain increased purchases, making Russia its third-largest supplier. The EU Council has finalized a ban on Russian LNG imports starting in 2027.
As Andy Burnham prepares to take over as prime minister, new figures show UK borrowing hit a higher-than-expected £23.3bn in May, and the OBR warns that without action debt will become unsustainable from the 2040s. The articles examine the fiscal headroom, rising defence costs, and pressures from an ageing population.
Turkish Foreign Minister Hakan Fidan described Israel as a 'burden that humanity can no longer bear' in a CNN Turk interview, prompting Israeli Foreign Minister Gideon Sa'ar to accuse him of 'textbook incitement to genocide'. Fidan later moderated his tone in an interview with The National, clarifying his criticism was directed at the current Israeli government, not Israel as a whole.
South Korean President Lee Jae Myung is scheduled to attend the NATO summit in Ankara before making a state visit to Mongolia, where he will hold a summit with President Ukhnaagiin Khurelsukh. The visit marks the first by a South Korean president to Mongolia in 15 years, with Lee also expected to participate in a business forum and the Naadam Festival.
Australia's resources export income is projected to rise by A$38 billion due to higher energy prices from the Iran war, with LNG benefiting most. Exploration spending has hit a 10-year high amid improved investment climate and Asian demand.
US officials in the Trump administration believed Israel may have planned to assassinate Iranian Foreign Minister Abbas Araghchi and Parliament Speaker Mohammad Bagher Ghalibaf during sensitive negotiations, according to reports citing a New York Times account. Washington reportedly asked other governments to warn Iran and urged Israel to stand down. The episode highlighted diverging US and Israeli goals amid efforts to halt fighting and reopen the Strait of Hormuz.
Turkish Foreign Minister Hakan Fidan said President Recep Tayyip Erdogan holds regular consultations with Russian President Vladimir Putin on regional issues, citing Turkey's interests in the Caucasus, Middle East, and Africa. Russia's Ambassador to Ankara Sergey Vershinin highlighted the Akkuyu Nuclear Power Plant project and the launch of its first reactor this year.
Russia has signaled readiness to facilitate a comprehensive long-term agreement between Iran and the United States, and to support related UN Security Council efforts. Russian diplomats cite their updated collective security concept for the Persian Gulf and recent ceasefire understandings as evidence of progress.
Brent crude fell below $71 a barrel, reaching levels not seen since before the US-Israel war on Iran began, as Qatar reported 'positive progress' in US-Iran talks and US Energy Secretary Chris Wright said Hormuz flows are near pre-war levels. Prices have dropped more than 38% from their post-war peak, driven by easing supply concerns and cautious optimism.
South Korea's top officials, including President Lee Jae Myung and Prime Minister Han Seong-sook, have identified inflation as the government's foremost challenge, with consumer prices surging to multi-year highs. The government is mobilizing all available tools to stabilize prices and shield vulnerable populations from energy-driven cost increases amid Middle East conflict fallout.
South Korea's consumer prices rose 3.2 percent in June, the sharpest increase since December 2023, driven by higher fuel and food prices. The government and central bank are responding with measures to stabilize prices, with expectations of easing in July.
Iran announced the establishment of a communication channel with the US to report breaches of the memorandum of understanding, following indirect technical talks in Qatar. The talks also covered the use of $6bn in frozen assets and progress on nuclear discussions, with US Vice President JD Vance stating the negotiations are going well.
A US Navy MH-60S Seahawk helicopter made an emergency water landing in the Arabian Sea on Wednesday, leaving one service member missing and three others injured but stable. The US military has suspended its search for the missing sailor, and the cause of the incident remains under investigation with no indication of hostile action.
Russian Foreign Ministry Spokeswoman Maria Zakharova reiterated that Kiev does not seek peace and that the West has tasked President Zelensky with escalating the conflict. She called on Western countries to stop arms supplies, which she said are an obstacle to a settlement, and criticized the US for not informing Moscow of any changes in its position.
Israel’s Defense Minister Israel Katz announced that Israeli forces will remain in security zones in Lebanon, Syria, and Gaza for an unlimited period, citing the need to protect residents from jihadist elements. Katz also said Israel had struck Iran twice with preemptive attacks, and reiterated readiness to strike again if necessary.
US and Iranian officials have begun indirect talks in Doha, Qatar, to discuss implementing a memorandum of understanding that includes a 60-day ceasefire and the reopening of the Strait of Hormuz. The talks cover the unfreezing of Iranian assets, the release of stranded seafarers, and Iran's plan to charge tolls in the strait, with Qatar and Pakistan serving as mediators.