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Analysts and former officials say the emerging US-Iran deal is a significant blow to Prime Minister Benjamin Netanyahu's political brand, undermining his image as the leader who could steer Washington's Iran policy. The war with Iran, once seen as an opportunity to reshape the Middle East, may now be remembered as the conflict that exposed Israel's dependence on US approval and deepened divisions between Washington and Jerusalem.
President Donald Trump has directed the Department of Justice to investigate oil companies for allegedly failing to lower gasoline prices in line with falling oil costs, describing the situation as price gouging. Treasury Secretary Scott Bessent issued a parallel warning to retailers, urging them to act as 'good actors' ahead of the Fourth of July holiday.
US Secretary of State Marco Rubio has rejected Iran's proposal to charge service fees for vessels transiting the Strait of Hormuz, calling it a path to 'total chaos'. The dispute is a key sticking point in ongoing US-Iran negotiations, with Gulf states also voicing concerns over Iran's regional role.
US Secretary of State Marco Rubio is visiting the Gulf region to address allies' security concerns over the US-Iran memorandum of understanding. The deal, which extends a fragile ceasefire and includes provisions on sanctions relief and the Strait of Hormuz, has raised questions among Gulf states that were attacked by Iran during the conflict.
U.S. Trade Representative Jamieson Greer concluded a two-day visit to New Delhi, with both sides reporting substantial progress in talks on a bilateral trade agreement. The visit aimed to finalize an interim deal and set the stage for a comprehensive BTA, though challenges remain over farm sector access and tariff rates.
As Tehran and Washington near an interim understanding, Iranian markets have rallied and hardliners are pushing back. While the memorandum has survived its first rocky days, Iranians remain cautiously optimistic about the path ahead.
High-level US-Iran talks in Switzerland concluded with a 60-day roadmap toward a final agreement, mediated by Qatar and Pakistan. The talks included IAEA inspections, a temporary US oil license, and a Lebanon deconfliction cell, though Israeli criticism highlights unresolved concerns.
As Israel and Lebanon hold talks in Washington, a US-backed proposal would have Lebanese troops, trained and vetted by Washington, take over some territory Israeli forces captured during the war with Hezbollah. Discussions also touch on a buffer zone and the broader regional ceasefire.
The International Atomic Energy Agency will conduct inspections in Iran under a preliminary peace agreement with the US, as confirmed by IAEA chief Rafael Grossi. Disputes between Washington and Tehran remain over the scope and timing, with Iran insisting that access to damaged facilities is tied to a final deal.
President Donald Trump has directed the Justice Department to investigate oil companies he accuses of "gouging" customers by not lowering gasoline prices in line with falling crude costs. Data shows U.S. gasoline prices have dropped over 14% from May peaks, while crude has fallen 23% since the U.S.-Iran interim peace deal and reopening of the Strait of Hormuz. Analysts caution that pump prices may not fall sharply until inventories are rebuilt, possibly into 2027.
European underground gas storage facilities are at their lowest levels for this time of year in at least five years, with injections slowing amid extreme heat and competition with Asia for LNG. Gazprom warns reserves may not reach 75% before winter, while EU targets remain at 90% capacity.
A review of Russian press coverage highlights deep disagreements in Israel-Lebanon talks over Hezbollah, a US-Iran memorandum on Lebanon borders, and Marco Rubio's Gulf tour. It also covers Moscow's view on US diplomatic engagement in Ukraine and the EU's 21st sanctions package.
US Secretary of State Marco Rubio's Gulf tour aims to reassure allies concerned about the US-Iran peace deal, which includes a proposed $300 billion fund. The visit highlights divisions within the Trump administration over Israel's actions in Lebanon, while Israel insists it will not withdraw from southern Lebanon.
Indian External Affairs Minister S. Jaishankar and South Korean Foreign Minister Cho Hyun met in Seoul to review bilateral cooperation and exchange views on the Middle East. The discussions focused on follow-up measures from the April summit and enhancing ties in economy, defense, and technology. Jaishankar also spoke at the Jeju Forum, calling for greater opportunities for the Global South.
Pakistan's Foreign Office spokesperson Tahir Andrabi said the Islamabad MoU and Lake Lucerne Summit reinforce faith in dialogue, highlighting Pakistan's role in US-Iran de-escalation. He also discussed efforts to free 11 Pakistani seafarers held by Somali pirates.
NATO Secretary-General Mark Rutte met with US President Donald Trump at the White House to smooth over differences ahead of the July NATO summit in Ankara. Trump has renewed threats to leave the alliance and announced a review of US forces in Europe, amid fallout from the Iran war and disputes over Greenland.
The US Senate voted 50-48 to pass a nonbinding resolution directing President Donald Trump to remove US armed forces from hostilities with Iran, marking a rare bipartisan rebuke. The measure, already passed by the House, does not require Trump's signature, and Trump has criticized it as 'poorly timed and meaningless.'
Mediators Qatar and Pakistan announced a deconfliction cell involving the US, Iran, Lebanon and others to curb military operations in Lebanon and prevent escalation between Israel and Hezbollah. Israeli leaders rejected the arrangement for excluding Israel and giving Iran a role, while US Vice President JD Vance described it as a step to protect both Lebanese sovereignty and Israeli security.
China’s LineShine has overtaken the US-based El Capitan as the world’s fastest supercomputer, according to the latest TOP500 list. The Shenzhen-based machine, built with Chinese-designed processors, achieved 2.198 exaflops and is the first to exceed two exaflops using only CPUs. The US still holds three of the top five spots, with El Capitan dropping to second.
Two Yonhap reports from late June 2026 detail South Korean-operated vessels exiting the Strait of Hormuz after the U.S.-Iran ceasefire. One report says eight ships carrying 37 sailors left, reducing remaining ships to five; the other says four ships with 26 sailors left, with 18 remaining. Tehran has agreed to waive transit fees for 60 days.