Gulf economies face long-term hit from Iran conflict
Commentators say it will take years or even decades to repair the damage.

Commentators say it will take years or even decades to repair the damage.

Nvidia's stock edged higher despite a broader chip sector decline, showing bullish options activity. This comes after a report claimed manufacturing delays for its next-gen server racks, which the company disputed.

Prince Harry's court case against Associated Newspapers Limited (ANL) was dismissed, a significant defeat. While speaking at an Invictus Games event in London, news of the ruling broke, overshadowing his prepared remarks. A joint statement with Baroness Doreen Lawrence called the judgment a "whitewash."

England secured a record 125-run victory over India in the third T20 international at Trent Bridge, taking a 2-0 lead in the five-match series. Phil Salt's 70 and Sam Curran's unbeaten 41 powered England to 201-7, before Jofra Archer and Josh Tongue's exceptional bowling dismissed India for 76.

The U.S. Treasury Department is revoking its authorization for Iranian oil sales, a license that allowed production, delivery, and sale through August 21. This action follows a series of attacks on tankers in the Strait of Hormuz, with a U.S. official stating Iran's actions were unacceptable and will face consequences.

Maine Democratic Senate candidate Graham Platner is facing calls to drop out of the election following allegations of sexual assault by Jenny Racicot. Platner denies the claims. Allies like Bernie Sanders have urged him to step aside, potentially opening the door for other Democrats to replace him in the pivotal race against Republican Sen. Susan Collins.

Nigel Farage has resigned as an MP to recontest the Clacton seat in a bid to seize the initiative amid scrutiny over undeclared gifts and financial support. The move is framed as 'the people versus the establishment' and aims to trigger a by-election before Parliament's summer break.