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Oil prices fell sharply on Monday after the US and Iran paused strikes over the weekend, with Brent crude dipping below $88 a barrel in some trading. The pause has raised hopes of a diplomatic solution, but shipping disruptions in the Strait of Hormuz and the Red Sea continue to keep markets cautious.
US President Donald Trump says the United States is in 'deep talks' with Iran and will resume military action if negotiations fail. Washington suspended its air strike campaign on Saturday, but regional reports of drone attacks suggest Tehran is testing the pause.
Tunisian opposition leader Rached Ghannouchi remains in critical condition after collapsing in prison, with his family and lawyers denied access for 11 days. Reports describe extreme heat inside Mornaguia prison and a worsening humanitarian situation for detainees.
Israeli Prime Minister Benjamin Netanyahu has accused New York City Mayor Zohran Mamdani of fomenting hate and making Jews feel unsafe, referencing a recent stabbing of a Jewish man near a synagogue. Mamdani walked back his threat to arrest Netanyahu under an ICC warrant, acknowledging he lacked legal authority. The incident has sparked debate over the line between criticism of Israel and antisemitism.
Intense heat waves and drought have fueled severe wildfires across Europe, the US, and Canada, burning millions of hectares. Experts say effective forest management requires more than debris clearing, pointing to Indigenous burning practices, while Brazil reports a historic drop in fires.
Sudanese military sources report the army has regained control of a key highway linking Khartoum to El-Obeid, a city under siege by the Rapid Support Forces. The move could open a second supply route and block RSF advances, while humanitarian concerns persist for hundreds of thousands trapped in the city.
After nearly two weeks of intense exchanges, the US and Iran have paused military strikes, bringing a measure of calm to the Gulf region and global markets. Oil prices tumbled, and diplomatic channels appear to be reopening, with US officials signaling room for negotiations.
Israeli Prime Minister Benjamin Netanyahu has confirmed he intends to travel to New York for the U.N. General Assembly in September, dismissing concerns about an International Criminal Court arrest warrant. His comments come after New York mayoral candidate Zohran Mamdani said he would support efforts to enforce the warrant, and Netanyahu responded by accusing Mamdani of promoting division.
Wildfires in France and Spain have forced over 325,000 people to evacuate. Both countries have mobilized thousands of firefighters and international aid as officials attribute the fires to extreme heat and climate change. Two French firefighters have died near Bordeaux.
Pakistan's KSE-100 index gained more than 7,000 points in intraday trade on Monday, crossing 178,000, as easing US-Iran tensions and falling oil prices boosted investor sentiment. Analysts also see a greater likelihood that the central bank will hold its policy rate.
Iran and the United States have paused their attacks, offering a respite for Gulf shipping and oil markets. Oil prices fell sharply on Monday as investors reacted to the reduced hostilities, while US envoy Mike Waltz said President Trump was giving talks 'some space'.
The Pakistan Stock Exchange's KSE-100 index rose sharply on Monday, gaining more than 5,000 points intraday, driven by easing US-Iran tensions and expectations of a steady policy rate. The State Bank of Pakistan later maintained its policy rate at 11.5%.
Iran has warned Ukraine of consequences after a Ukrainian attack on an Iranian commercial vessel in the Caspian Sea killed one sailor. Tehran accuses Israel of orchestrating the attack, while Kyiv says it targeted Russian-linked military cargo. A senior Iranian lawmaker has echoed threats of retaliation.
A conflict monitor reports that Myanmar's military has sharply increased attacks on civilians since a new administration took office, with intensified aerial bombing and renewed offensives in border regions. The military chief, Ye Win Oo, took over in late March as Min Aung Hlaing prepared to become president. The conflict has killed over 100,000 people and displaced millions.
Chinese President Xi Jinping has called for international cooperation on AI governance, announcing the creation of the World Artificial Intelligence Cooperation Organisation (Waico) with 29 founding members including Pakistan. The initiative highlights growing competition between US, EU, and Chinese approaches to regulating the rapidly evolving technology.
A senior Russian lawmaker, Anna Kuznetsova, has stated that over 500 children have been killed and more than 2,000 minors affected by what she termed 'Kiev's aggression' since 2014. The claims, reported by TASS, include allegations of Ukrainian mining of border areas and Western complicity in war crimes against children.
Israeli Prime Minister Benjamin Netanyahu has accused New York City Mayor Zohran Mamdani of fomenting hate after Mamdani called for his arrest over the ICC warrant. Netanyahu's office dismissed the ICC as a 'kangaroo court' and criticized Mamdani's record. The exchange comes ahead of Netanyahu's expected visit to the UN General Assembly and a meeting with President Trump.
Iran has halted retaliatory attacks against US allies after Washington paused airstrikes for a second and third night, raising hopes of renewed negotiations. Reports indicate US concerns over dwindling munitions influenced the pause, with senior officials advising President Trump to hold off on further escalation.
Israeli settlers set fire to Palestinian homes, vehicles, and two mosques in villages near Nablus following a deadly shootout that killed four Palestinians and two Israelis. Prime Minister Netanyahu ordered a major security operation, while some government members called for West Bank annexation.
Israeli forces have escalated operations across the occupied West Bank, detaining hundreds of Palestinians and raiding numerous towns and villages. Simultaneously, settler attacks on Palestinian communities and property have surged, with reports of injuries, vandalism, and arson. The crackdown follows a shootout that killed four Palestinians and two Israeli soldiers.