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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.
The United States has launched strikes against Iran, with bombings reported in Bandar Abbas, Qeshm, and Ahvaz, and Iran retaliating with attacks on Jordan, Kuwait, and Bahrain. The US naval blockade on Iranian ports has resumed, and President Trump has reversed a plan to charge a toll on cargo through the Strait of Hormuz. The conflict has entered its sixth day, with the International Energy Agency warning about energy security.
The US and Iran exchanged fresh military strikes over the Strait of Hormuz, with Washington targeting Iranian provinces and Tehran hitting Gulf states and shipping. The escalation has undermined the June 17 memorandum of understanding, while oil markets reacted with a 3.5% price rise.
Ethiopia's National Dialogue Conference is set to open on July 15 in Addis Ababa, bringing together around 4,000 participants from across the country and the diaspora. The event aims to address political, social, and economic fault lines through grassroots-driven discussions guided by eight pillars.
US President Donald Trump has abandoned his proposal to charge a 20% fee on cargo shipping through the Strait of Hormuz, saying he will instead pursue trade and investment agreements with Gulf states. The reversal came hours before the US naval blockade of Iranian ports was set to take effect, as US and Iranian forces continued to trade strikes across the region.
India has summoned Iran's deputy envoy in New Delhi to protest attacks on two tankers in the Strait of Hormuz, which killed an Indian national and injured 10 others. New Zealand also summoned Iran's ambassador, urging de-escalation. India called for an immediate halt to violence and a return to dialogue.
Qatar's Father Emir, Sheikh Hamad bin Khalifa Al Thani, has died at the age of 74, prompting a wave of condolences from regional and world leaders. Emir Sheikh Tamim bin Hamad Al Thani has been receiving dignitaries and mourners at Lusail Palace, while a four-day public mourning period has been declared.
Yemen's internationally recognized government and Presidential Leadership Council have condemned an Iranian civilian flight that landed in Sanaa, carrying passengers to the funeral of Iran's late supreme leader. The coalition backing Yemen's government has vowed a forceful response to Houthi threats, while the Houthis say they prevented Saudi warplanes from blocking the aircraft.
The United States has carried out a third consecutive night of strikes against Iran and announced the reimposition of a naval blockade on Iranian ports, with President Trump threatening further escalation. The UAE reported that two of its oil tankers were hit by Iranian cruise missiles in the Strait of Hormuz, killing one crew member. Meanwhile, Iran's Revolutionary Guards accused the US of jeopardising global oil and gas supplies.
The United States launched new airstrikes on Iran, prompting retaliation against Gulf Arab states and tankers. As tensions escalate over the Strait of Hormuz, President Trump has warned of further strikes, while oil prices have risen.
The US military has launched a third consecutive night of strikes against Iran, while Iran's Revolutionary Guards Corps announced missile and drone attacks on US facilities in Bahrain. Both sides accuse each other of violating the interim agreement that had ended fighting in June.
South Korea's government has lifted its 2026 growth forecast to 3 percent, citing a semiconductor supercycle and easing Middle East tensions, while international bodies like the IMF and ADB project 2.6 percent. The government also outlined plans to boost exports, income, and infrastructure investment.
The UAE Ministry of Defence reported that two Emirati oil tankers were hit by Iranian cruise missiles in the Strait of Hormuz, killing one Indian crew member and wounding eight others. The attack has drawn condemnation from the UAE and expressions of solidarity from other Gulf states.
US President Donald Trump has declared the reinstatement of a naval blockade targeting Iranian vessels and cargo in the Strait of Hormuz, while stating the United States will act as guardian of the waterway and impose a 20 percent charge on cargo. The move follows renewed military exchanges between US and Iranian forces, including reported Iranian missile strikes on UAE tankers.
The Saudi-backed Yemeni government said it struck the runway at Houthi-held Sanaa airport to stop an unauthorised Iranian aircraft from landing, prompting Houthi missile attacks on Saudi Arabia and threats of further escalation. The exchange marks the most serious rupture in a largely dormant conflict since an informal 2022 truce, raising concerns that a fragile ceasefire framework could collapse amid wider US-Iran tensions.
Yemen's internationally recognised government has claimed responsibility for a strike on Sanaa airport, saying it aimed to prevent an Iranian plane from landing. The Houthi rebels blamed Saudi Arabia and threatened retaliation, raising fears of renewed all-out war in Yemen.
According to OPEC data, seven OPEC+ countries voluntarily cutting output produced 22.988 million barrels per day in June 2026, missing their agreed target of 29.548 million bpd by 6.56 million bpd. Russia fell 834,000 bpd short of its quota, while Saudi Arabia, Iraq, and Kuwait recorded larger shortfalls. The compensation period for past overproduction was extended to end-December 2026, and August quotas were raised by 188,000 bpd.
According to an OPEC report, Russia was the largest oil supplier to India in May, exporting 2.1 million bpd, and also remained China's top supplier. India's total imports rose month-on-month, while China's declined. In June, India's imports hit a record 4.93 million bpd, with Russia supplying more than half.
US Central Command has confirmed the first combat use of one-way attack sea drones against Iranian targets, striking a naval base and degrading Iran's ability to attack commercial shipping. The strikes come amid an escalating naval blockade and retaliatory attacks, including an Iranian strike on two UAE tankers that killed one crew member.
Russia has reported significant increases in agricultural exports across multiple categories in 2026, including record wheat volumes to African countries such as Egypt, Sudan, and Kenya, alongside growth in dairy, ice cream, and grain shipments, according to data from Russian government agencies.