Israeli settlers have attacked Palestinian villages in the West Bank, burning mosques, cars, and land, amid rising tensions following a deadly clash. The Israeli military has deployed troops and promised investigations, while PM Netanyahu vows 'powerful action', including possible home demolitions.
Russian Deputy Foreign Minister Andrey Rudenko stated Moscow advocates for continued dialogue between Tehran and Washington to prevent negative consequences in the Middle East, following recent US strikes on Iran and subsequent Iranian retaliation across the region.
Cathay Pacific announced an increase in passenger and cargo fuel surcharges effective August 1, marking the first rise since April's peak. Surcharges on flights between Hong Kong and the South Asian subcontinent will see the steepest jump of 41.3%, while routes to mainland China will increase by 20%.
Iran claims retaliatory drone strikes on US military facilities across the Middle East, following 13 nights of American attacks. This escalation comes as the US plans to use frozen Iranian assets for war damages, a move condemned by Iran, further intensifying tensions between the two nations.
US forces conducted strikes in Iran for the 13th night, targeting command centers and naval assets in cities like Ahvaz, Khorramabad, and Jask. The attacks, which killed four and injured five in Ahvaz, escalate tensions after Iranian retaliatory strikes killed four US service members.
US President Donald Trump threatened to use frozen Iranian assets to pay for damages to ships and cargo in the Gulf, a move Iran's foreign minister Abbas Araghchi called an "incendiary precedent." This comes amidst US strikes on Iran and Houthi threats to Red Sea shipping.
An Iranian oil tanker has successfully navigated through the maritime blockade imposed by the United States against the Islamic Republic, entering the Gulf of Oman amidst escalating US-Iran tensions following recent strikes and a renewed naval blockade.
A joint US-Canada ceremony for the Gordie Howe International Bridge opening was canceled after President Trump announced 50% tariffs on Canadian goods, escalating trade tensions. Canada plans its own ceremony, while the bridge is still expected to open July 27.
U.S. Treasury yields increased across the curve due to escalating Middle East tensions, though reports of ceasefire proposals tempered oil prices. Investors are monitoring energy prices, developments in the Iran conflict, and an upcoming U.S. PMI report.
Analysts warn of renewed inflation fears driven by escalating US-Iran tensions in the Middle East, which keep oil prices high. BlackRock estimates a 0.8 percentage point increase to global inflation, particularly affecting energy-reliant regions like Europe and Asia. This environment reinforces the Federal Reserve's hawkish stance, prompting calls for diversified portfolios.
The US military launched its 10th consecutive night of strikes against Iran to degrade its capabilities to attack ships in the Strait of Hormuz, following President Trump's vow to punish Iran for US soldier deaths. Iran responded by claiming strikes on oil tankers and US assets, declaring a "full-scale war" with the US.
The US has carried out its 10th consecutive night of strikes against Iran, targeting military capabilities, while Iranian media reported explosions in several cities. Iran's IRGC claimed retaliation against US assets in Kuwait and Bahrain, and attacks on oil tankers in the Strait of Hormuz. US President Trump warned of stronger responses, while Senator Schumer called for an end to the conflict.
The Iranian rial reached a record low of 1.941 million against the US dollar in Tehran's free market, marking a 43.7% loss year-to-date. This depreciation is driven by escalating military and political tensions, including US and Israeli airstrikes and a naval blockade, fueling concerns over accelerating inflation, which hit 88.6% last month.
The US State Department issued a worldwide security warning for Americans, citing heightened Middle East tensions and potential escalation in the renewed conflict with Iran, following the deaths of two US service members in Jordan and continued retaliatory strikes.
The US launched a new attack on Iran Sunday evening, resulting in one death and four injuries in southwestern Iran. Iran's IRGC claimed to have struck US bases in Kuwait, Jordan, and Bahrain in retaliation. The escalating conflict casts doubt on the interim US-Iran agreement and has caused oil prices to jump.
The US released footage of recent military strikes targeting Iranian air defense systems, radar sites, and drone capabilities. The operation, aimed at securing the Strait of Hormuz, followed an Iranian attack on a container ship. Iran claimed retaliatory strikes on US targets in the Middle East.
The US launched new strikes on Iran Sunday evening, killing one and injuring four, according to Iranian state media. Iran's IRGC claimed to have struck US bases in Kuwait, Jordan, and Bahrain in response. The escalating conflict casts doubt on the interim US-Iran agreement and has caused oil prices to surge.
The US and Iran both claim control of the Strait of Hormuz following a weekend of escalating attacks across the Middle East. US forces struck dozens of Iranian sites, while Iran rejected the US statement, asserting its territorial claim over the vital waterway. Missile alert sirens sounded in Bahrain, home to the US Navy's Fifth Fleet.
President Donald Trump announced that the US has informed Iran that their ceasefire is "over" following an exchange of strikes this week. Despite this, Washington has agreed to continue talks with the Islamic Republic.
President Trump declared a June 17 ceasefire with Iran "over," ordering new US strikes after alleged Iranian attacks on tankers in the Strait of Hormuz. This raises fears of renewed conflict, impacting oil markets, US midterm politics, and Iran's nuclear program.
President Trump declared a June 17 ceasefire with Iran "over," ordering new US strikes after alleged Iranian attacks on tankers in the Strait of Hormuz. This breakdown raises fears of renewed conflict, impacting oil markets, US politics, and Iran's nuclear program.
The U.S. will engage in technical talks with Iran despite recent airstrikes and escalating tensions. President Trump called Iran's attacks on commercial vessels 'acts of terrorism' and stated the ceasefire was 'over,' while Iran accuses the U.S. of violating a memorandum of understanding.
The US and Iran engaged in retaliatory strikes on Thursday, escalating a conflict over the Strait of Hormuz. Iran targeted US-allied Kuwait and Qatar, while the US struck near Iran's nuclear power plant. The tit-for-tat attacks occurred before the funeral of former supreme leader Ali Khamenei.
Iran accused the US of striking railway bridges near Mashhad and a nuclear power plant in Bushehr on Thursday, escalating tensions after a fragile truce collapsed. The US military launched significant attacks following strikes on ships in the Strait of Hormuz, with both sides trading blows and disrupting oil tanker traffic.
