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US President's special envoy Tom Barrack said Israel's airstrike on a Syrian airbase was based on incorrect intelligence, describing the attack as an 'unnecessary escalation.' Barrack noted that neither the US nor Turkey was informed beforehand, and he suggested a possible miscommunication within Israeli ranks.
Canada will announce retaliatory tariffs against the United States on Tuesday, following the collapse of trade negotiations and the imposition of 50% U.S. tariffs on Canadian goods. Prime Minister Mark Carney has accused Washington of trying to subordinate Canada, while President Donald Trump has threatened further tariffs and personal attacks on Canadian leaders.
Israel launched eight airstrikes on the Abu al-Duhur airbase in northwest Syria, damaging its runway and storage facilities. The attack drew condemnation from Syria, Turkey, and Jordan, as well as criticism from a US envoy, and was framed by Prime Minister Netanyahu as a warning to Turkey.
US President Donald Trump again shared a map depicting the Strait of Hormuz as 'NEW US Territory,' drawing a sharp rebuke from Iran's top security official. As the US prepares to announce major new sanctions, Iran has threatened to target countries that join the economic pressure campaign and warned that not a drop of oil would pass through the strait if it is besieged.
Israel's football association has withdrawn its support for FIFA President Gianni Infantino's re-election, citing a crisis of trust between UEFA and FIFA. The decision follows Infantino's failed proposal to privatize the World Cup and comes a year before the next FIFA presidential election.
US Treasury Secretary Scott Bessent announced an 'economic D-Day' against Iran, vowing to sever Tehran's economic lifelines. Iran has threatened to halt oil exports through the Strait of Hormuz and warned of an 'act of war' against supporting nations, escalating tensions.
US Defense Secretary Pete Hegseth says Washington is prepared to use military force against Iran, including in the Strait of Hormuz, while pursuing economic pressure. Separately, The Washington Post reports apparent differences between President Trump and Vice President Vance on Iran policy, which the White House denies.
Israel's fresh strike on a northern Syrian air base sparked a rare public rift with Washington's special envoy, Tom Barrack, who called the earlier attack an 'unnecessary escalation'. Israel's defence minister rejected his claims, but the incident has exposed tensions over Syria's new government and Turkey's role.
The rupee rose 7 paise to 95.64 against the US dollar in early trade on Monday, supported by a softer dollar, but later pared gains to settle 3 paise lower at 95.74 amid rising Brent crude, importer demand, and cautious sentiment over impending US sanctions on Iran. The Reserve Bank of India likely intervened to support the currency, while its decision to shorten the foreign-currency deposit swap window surprised bankers and added to the rupee's vulnerabilities.
Indian equity markets opened higher on Monday, tracking positive global cues and easing crude prices, with the Sensex gaining over 200 points and the Nifty hovering near 24,300. However, analysts remain cautious about elevated geopolitical risks and the impact of high oil prices on the rupee and market sentiment.
Michael Penix Jr. has been cleared for full team drills, setting the stage for a true quarterback competition with Tua Tagovailoa in Atlanta. With the regular season opener less than a month away, the Falcons face a pivotal decision on their Week 1 starter.
Florida Republicans nominated Rep. Byron Donalds for governor on Tuesday, setting up a general election against former Republican-turned-Democrat David Jolly. In the Senate special primary, progressive state lawmaker Angie Nixon defeated better-funded Alex Vindman, while Democrats and Republicans advanced candidates in a historic slate of Black gubernatorial nominees across the nation.
The United States imposed 50% tariffs on $20 billion of Canadian goods after last-minute trade talks failed, prompting Canada to announce dollar-for-dollar retaliatory tariffs starting September 8. Prime Minister Mark Carney called the US terms 'uneconomic' and 'unfair,' while US Trade Representative Jamieson Greer blamed Canada for declining the deal and warned of further measures.
California AG Rob Bonta canceled Monday's settlement talks with Paramount, accusing the company of leaking confidential details. Paramount denies the leaks and has asked a judge to require the states to post a $1.88 billion bond to cover delay costs, as the $110 billion Warner Bros. Discovery merger faces a March trial.
Iran's rial dropped to a record low against the dollar as Washington readied what it called an 'economic D-Day' of new sanctions. The currency's fall underscores the toll of nearly six months of war, with inflation soaring, oil exports halted, and pressure mounting on Tehran despite its control of the Strait of Hormuz.
US President Donald Trump's envoy Jared Kushner has reiterated that Iran cannot be allowed to acquire a nuclear weapon, outlining core conditions for any deal, as the 60-day framework from June lapses unresolved. The collapse of that memorandum has left tensions over the Strait of Hormuz and uranium enrichment unresolved, with Tehran not yet deciding on direct talks.
President Trump told reporters he has a good relationship with North Korean leader Kim Jong Un, saying the two leaders understand each other and that his approach is making the region safer. He also addressed reducing joint military exercises with South Korea, citing the relationship.
Gold prices rose for a third session as expectations of a US rate hike faded, with investors eyeing Fed minutes for policy clues. Treasury yields stabilized and the dollar weakened, while geopolitical tensions with Iran supported safe-haven demand.
Iran's foreign minister said Tehran pushed the war with the US to force a ceasefire on its own terms, claiming victory in both war and diplomacy. Meanwhile, Egypt seeks to revive US-Iran talks, France and Saudi Arabia plan alternative trade routes, and the US warns of unprecedented economic pressure.
Ship crossings through the Strait of Hormuz remain in single digits despite a slight weekend uptick, according to Kpler data, as US-Iran tensions continue to disrupt a key energy chokepoint. While overall traffic edged higher, analysts note a decline in cargo-carrying transits and a rise in sanctioned and Iran-routed vessels.