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The Pentagon has denied reports of a dispute with SpaceX over Starlink pricing after Reuters reported that SpaceX executives argued for and won a price increase that nearly doubled the cost of each LUCAS drone. Meanwhile, Britain has begun using SpaceX's military-grade Starshield network, marking one of the first international adoptions of the service.
Israeli air strikes on Gaza City have killed at least 14 people and wounded dozens, according to local medics and witnesses. The strikes targeted residential buildings, including one in a busy market area, with Israel saying it hit Hamas commanders. The attacks come despite a ceasefire that has been in place since October.
Russian officials have condemned the West's reaction to the Ukrainian strike on a college in Starobelsk, accusing Western media of bias and questioning CNN's reporting. They also addressed nuclear deterrence, Armenia's geopolitical choices, and potential retaliatory strikes.
Oil prices have again touched $100 a barrel following fresh US strikes on Iran, with analysts warning the global energy market may be past the 'point of no return'. The IEA has warned of a potential 'non-linear adjustment', while European gas reserves are under pressure at only 37% full.
Russian Security Council Secretary Sergey Shoigu stated that current military exercises in Europe are openly directed against Russia and Belarus, with seven drills underway. He also accused NATO of practicing strike scenarios against the Union State and warned of resurgent Nazi ideology in Europe.
Hong Kong households face higher electricity bills in June as both CLP Power and HK Electric increase their fuel charges. CLP Power's fuel cost rises for the third consecutive month to 42.6 HK cents per unit, while HK Electric's fuel surcharge jumps 20.4% to 31.3 HK cents per unit, with further increases expected.
During PM Shehbaz Sharif's visit to Beijing, China and Pakistan issued a joint statement reaffirming their strategic partnership, focusing on CPEC expansion, Gwadar port development, and regional stability. The visit also addressed climate resilience in CPEC 2.0 and reaffirmed Pakistan's one-China stance.
Iranian Supreme Leader Ayatollah Mojtaba Khamenei, in a written address marking the Hajj pilgrimage, declared that Middle Eastern nations will no longer serve as hosts for US military bases, warning that Washington is losing its position in the region. He also reiterated harsh rhetoric against Israel, describing it as a 'cancerous tumor' nearing demise, while praising the so-called Axis of Resistance. The statement comes amid ongoing tensions and indirect negotiations between Washington and Tehran.
South Korea’s KOSPI closed above 8,000 points for the first time on May 26, 2026, rising 2.55 percent as foreign investors returned to net buying on optimism over a possible U.S.-Iran peace framework. The rally, driven largely by AI-linked semiconductor shares, has lifted Korean equity market capitalization well past earlier milestones and above the estimated value of the greater Seoul housing market.
Russia's first International Security Forum, held under the auspices of its Security Council, opened May 26 in the Moscow Region, drawing over 150 delegations from more than 120 countries. The four-day event features discussions on security, countering neo-colonialism, and includes a Russia-Afghanistan military cooperation agreement. Unofficial representatives from 12 'unfriendly' countries are also participating.
US President Donald Trump has demanded that several Muslim-majority nations, including Saudi Arabia, Qatar, and Pakistan, sign the Abraham Accords as part of a potential deal to end the Iran war. The proposal has met with resistance from Pakistan, skepticism from Gulf states, and criticism from analysts who question its timing and logic.
South Korean stocks closed above the 8,000-point level for the first time, driven by optimism over a possible U.S.-Iran peace agreement. The KOSPI gained 199.8 points, or 2.55 percent, to close at a record 8,047.51. President Trump's comments on talks proceeding 'nicely' and falling oil prices buoyed investor sentiment.
State-run think tanks have revised South Korea's 2026 economic growth forecast upward to 2.5%, citing strong semiconductor-led exports and recovering domestic consumption. The Korea Development Institute (KDI) and the Korea Institute for Industrial Economics & Trade (KIET) both raised their projections, while noting persistent uncertainties from the Middle East conflict.
Russian FSB Director Alexander Bortnikov warned that Western intelligence services are attempting to use militants from Syria, including individuals from CIS countries, as proxy forces in a war against Iran. He also cautioned that an escalation of the conflict around Iran could destabilize the Islamic world and affect CIS security. The claims, made without public evidence, have been met with skepticism by some analysts.
Foreign ministers from South Korea and over 50 African nations gathered in Seoul for the first Korea-Africa Foreign Ministers' Meeting, adopting a joint statement on cooperation amid global challenges. Bilateral talks with Libya, Chad, and Zimbabwe highlighted economic and diplomatic engagement.
US Central Command conducted self-defence strikes on Iranian missile sites and boats attempting to lay mines in southern Iran, as Iranian negotiators arrived in Qatar for talks to end the war. Iran denounced the strikes as a 'gross violation' of the ceasefire and warned of consequences, while signalling that negotiations remain ongoing.
Iranian Foreign Minister Abbas Araghchi will not attend a UN Security Council debate in New York after being denied a visa by the United States, as reported by Iranian state media. Pakistan's Deputy Prime Minister Ishaq Dar is attending the debate, which is convened by China to discuss strengthening the UN-centred international system amid global instability.
The US military launched self-defense strikes in southern Iran targeting missile launch sites and mine-laying boats, even as diplomatic talks continue. Officials on both sides express cautious optimism, but Iran warns a deal is not imminent.
President Donald Trump stated that negotiations with Iran are proceeding steadily, dismissing reports of a suspension, while warning that failure to reach a deal would result in renewed US attacks. Iran's foreign ministry said talks are focused on ending the war, not nuclear issues, amid ongoing Israeli strikes in Lebanon.
Abdullah Ocalan, jailed founder of the PKK, urged swift legal steps to advance the peace process with Turkey, warning that delay generates risk. The plea comes amid fresh regional instability from the Iran war and domestic political tensions.