Ships have rerouted around the Cape of Good Hope since 2023 to avoid conflicts in the Middle East.
President Trump departed a NATO summit in Turkey without new commitments for the Iran conflict, expressing dissatisfaction with the alliance's lack of support and delivering mixed messages on U.S. commitment to European defense.
Following an overnight exchange of attacks, the US launched new strikes on Iran after President Trump signaled further retaliation. The strikes aim to degrade Iran's ability to threaten navigation in the Strait of Hormuz, escalating tensions after a recent ceasefire deal was declared "over" by Trump.
The UK is experiencing its third heatwave of the year, with temperatures forecast to reach 35C on Thursday. While not expected to break records, the prolonged heat has triggered amber and yellow health alerts, increasing the risk of wildfires and impacting health services.
Donald Trump has declared the ceasefire agreement with Iran "over," labeling the country's leadership "scum" and "cuckoo" following intense overnight exchanges of fire. The US president stated that the US "hit them very hard" and will "probably hit them hard again tonight," accusing Tehran of violating the interim deal signed in June.
Oil prices spiked Wednesday after President Trump threatened to bomb Iran and reimpose a naval blockade following attacks on tankers. WTI futures rose 4.4% to $73.52, Brent 5.3% to $78.07. Prices later eased as Trump downplayed war prospects.
During a NATO summit, Donald Trump offered Ukraine a license to produce Patriot interceptor missiles, a move aimed at bolstering Kyiv's defense against Russian ballistic missile attacks. The offer comes amid Ukraine's urgent need for these advanced air defense systems.
