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Regional instability from the Gulf conflict is dampening Pakistan's market sentiment, with foreign direct investment down 28% and bond outflows exceeding $2bn, even as remittances hit record highs and over 300,000 Pakistanis found Gulf employment in early 2026.
India dispatched a delegation led by Bihar Governor Syed Ata Hasnain and Minister of State for External Affairs Pabitra Margherita to Tehran for the funeral of Iran's Supreme Leader Ayatollah Ali Khamenei. The choice has drawn criticism from a former Indian ambassador, while President Pezeshkian has invited PM Modi to the burial ceremonies.
Cambridgeshire police have come under scrutiny after handing over sexual assault investigations involving US military personnel to American authorities. The cases, including those of a US airman accused of indecent exposure and a fighter pilot convicted of strangling a woman, have prompted Deputy Prime Minister David Lammy to raise concerns with the US government.
French President Emmanuel Macron welcomed Oman's Sultan Haitham bin Tariq for talks focused on securing the toll-free reopening of the Strait of Hormuz, as both leaders called for free navigation through the strategic waterway. The discussions build on a joint Franco-British agreement with Oman to restore safe transit, with the broader Multinational Military Mission poised to support the effort.
The United States has imposed sanctions on eight individuals and entities accused of fueling Sudan's civil war, including an Indian national and his explosives company. Separate measures, including a Senate bill to oppose loans to Sudan, aim to curb external support for the conflict.
Pakistan's petroleum minister says the country is considering purchasing cheaper Iranian oil and gas after a temporary easing of US sanctions on Tehran. Analysts note local refineries are technically capable of processing Iranian crude but face commercial challenges, while the government has announced significant cuts in petrol and diesel prices.
The United States and Iran have exchanged new rounds of strikes, threatening a fragile ceasefire and raising concerns about the stability of the Strait of Hormuz. Both sides blame each other for violating the interim agreement, while diplomatic efforts to de-escalate continue.
Iran's Revolutionary Guard launched missile and drone attacks on US military sites in Kuwait and Bahrain in response to continued US airstrikes, escalating the conflict as diplomatic efforts falter. Both sides accuse each other of violating the truce, while Gulf states condemn the attacks and the UN Security Council convenes.
The United States conducted military strikes on multiple targets in Iran after a series of attacks on ships in the Strait of Hormuz, which Washington says violated a ceasefire agreement. President Trump warned of further action if Iran continues to violate the ceasefire, while Iranian officials defended their actions as 'ceasefire management.'
The United States has launched fresh airstrikes on Iranian military infrastructure near the Strait of Hormuz, citing continued Iranian attacks on commercial shipping. Iranian media report explosions in several coastal cities, and Iran's foreign ministry has condemned the strikes as a violation of the June memorandum of understanding. At least 14 people have been killed in the attacks over the past two days, according to Iranian authorities.
Australia's government has announced legislation to double fines for social media companies failing to keep under-16s off their platforms, raising the maximum penalty to $99 million. The eSafety Commissioner will gain new powers to compel evidence, as research suggests many children still bypass the ban.
Israel and Lebanon, with US mediation, signed a trilateral framework agreement in Washington aimed at ending their conflict. The deal outlines a sequenced process for Lebanese sovereignty and Hezbollah's disarmament, but does not mandate immediate Israeli withdrawal. Hezbollah rejected the agreement, while regional actors like the UAE expressed cautious optimism.
South Korea's Second Vice Foreign Minister Kim Jina attended the Pax Silica Summit in Washington, where discussions focused on AI supply chain security and semiconductor cooperation. The U.S. announced the 'Pax Pass' project and a $50 million commitment to advance AI product shipping through Panama.
Serbia's oil company NIS has requested an extension of its OFAC license beyond July 1, while the US has granted Hungary's MOL until July 31 to finalize talks on acquiring a controlling stake. The timeline involves Gazprom's planned sale of its stake, Serbia's increased share, and ADNOC's potential minority participation.
Russia's Defense Ministry announced the return of 160 Russian servicemen from Ukrainian captivity in exchange for 160 Ukrainian prisoners. The servicemen arrived in Belarus and later landed in the Moscow Region, with the exchange facilitated by the United Arab Emirates.
US President Donald Trump has accused Iran of a 'foolish violation' of the ceasefire after a drone struck a cargo ship in the Strait of Hormuz. The UN's shipping agency paused plans to evacuate stranded sailors, and oil prices fell sharply.
The Bank of Russia has set the official dollar rate at 77.0611 rubles for June 27-29, 2026, up 1 ruble and 42.64 kopecks from the previous figure. The euro and yuan also rose against the ruble.
The February 2026 US-Israel attack on Iran and subsequent Iranian retaliation have put the UAE's AI infrastructure under direct threat, delaying hardware and raising concerns about undersea cables. Despite this, analysts argue the country's fundamentals for AI development remain strong, though questions about the depth and quality of its ecosystem persist.
Hezbollah leader Naim Qassem reiterated demands for Israel's complete and unconditional withdrawal from Lebanese territory, calling the US-brokered agreement a 'humiliation' and 'null.' The statements come amid ongoing US-mediated talks and a fragile ceasefire.
Iran aims to earn billions from the reopened Strait of Hormuz, proposing a revenue-sharing model modeled on Turkey's Dardanelles management. The US rejects any tolls, and conflicting accounts emerge over the US-Iran framework deal.