Saudi Arabia targeted Houthi military sites in Hodeida after the group announced a maritime blockade, threatening a 2022 truce and global oil supply, following attacks on Saudi ships in the Red Sea.
The EU fined Google €890 million for Digital Markets Act violations, sparking fears of U.S. tariff retaliation from President Trump, who is set to decide on new levies. European officials deny trade policy links, but U.S. lawmakers and trade officials warn of transatlantic stability risks, especially with upcoming U.S. elections.
The US-Iran conflict has escalated with renewed strikes, effectively ending a June truce. Experts warn of a potential "forever war" focused on the Strait of Hormuz, as diplomatic efforts falter and both sides prioritize pressure over compromise, threatening global oil and gas supplies.
Beijing has eased refined fuel export restrictions due to high global oil prices and ample reserves, but introduced compliance requirements for refiners to maintain inventory levels, a cautious move influenced by the collapse of the interim US-Iran truce.
Russian newspaper headlines cover a proposed 10-day US-Iran truce, EU military drills in Poland potentially rehearsing Ukraine troop deployment, UK's new PM Andy Burnham's policy outlook, Russia's diesel export ban impacting global markets, and Greece stalling a new EU sanctions package against Russia.
The US military launched new strikes against Iran, escalating the standoff over the Strait of Hormuz. Tehran stated the strikes rendered diplomatic efforts futile, while the US aims to degrade Iran's ability to attack ships. Oil prices surged following the renewed violence.
President Trump announced the US will resume talks with Iran, despite declaring an end to a fragile ceasefire. The move comes amid renewed military exchanges and Qatar's mediation efforts to de-escalate tensions.
President Trump announced the US will resume talks with Iran, despite declaring an end to a fragile ceasefire. A Qatari delegation is in Tehran to mediate amid renewed violence in the Strait of Hormuz.
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.
The US and Iran launched fresh military strikes on Thursday, effectively collapsing a fragile ceasefire. The US targeted Iranian military sites, while Iran retaliated against US-linked facilities across the Gulf, escalating fears of a wider regional war.
Renewed US-Iran tensions over attacks in the Persian Gulf have caused oil prices to spike, raising concerns about future fuel costs. Tanker traffic has halted, and while gas prices have only slightly increased, a sustained conflict could lead to higher prices for consumers.
Renewed Iran-US tensions have sparked fears of rising fuel prices as oil prices hit multi-week highs. Tanker traffic through the Strait of Hormuz has reportedly stopped, increasing geopolitical risk perception. U.S. gasoline prices saw a slight increase, with further impacts expected due to crude oil's significant share in gasoline costs.
US President Trump declared the Iran truce over following attacks on shipping and launched retaliatory strikes on Iranian military targets. This escalates tensions, casting doubt on planned negotiations and impacting global energy markets with rising oil prices.
Global stock markets and oil prices surged Wednesday after President Trump questioned the Iran ceasefire, sparking fears of supply disruptions. Wall Street opened lower, with the S&P 500 down 0.5% and Dow Jones down 1%. Brent crude rose 4.8% to $77.74.
Iran and the US are in a dispute over control of the Strait of Hormuz following drone attacks on ships. Differing interpretations of a memorandum of understanding (MoU) are at the heart of the conflict, with Iran insisting on authority over traffic management and the US emphasizing non-impediment.
President Trump declared the Iran-US truce over following attacks on commercial ships in the Strait of Hormuz. The US launched retaliatory strikes on Iranian military targets, casting doubt on planned negotiations and causing oil prices to rise.
Three weeks after a ceasefire, Iran and the US face a fragile truce with recent attacks in the Strait of Hormuz. While negotiations are expected to restart, Iran's economy is severely strained by mismanagement, sanctions, and war damage, with inflation soaring and GDP shrinking.
A top European central banker warned that inflation risks remaining above target, even with a US-Iran ceasefire. Bundesbank President Joachim Nagel cited the ongoing energy price shock and geopolitical uncertainty. ECB President Christine Lagarde noted a shift to conventional tools but acknowledged a more volatile global economic environment.
US President Donald Trump accused Iran of violating a ceasefire after a cargo ship was struck by a projectile in the Strait of Hormuz. The attack, which caused limited damage to the Singapore-flagged Ever Lovely, led the UN's IMO to pause the evacuation of stranded sailors, raising concerns about maritime security.
A truce in Iran has raised hopes for resuming business, but traders and investors are hesitant. The immediate focus is clearing backlogs of orders disrupted by previous blockades, not new long-term deals.
Israeli forces kill 2, wound 2 in southern Lebanon, violating a fragile US-brokered ceasefire, prompting Hezbollah to denounce the 'treacherous attack' and threatening retaliation.
Socceroos defender Jason Geria stated there will be no "truce" with Paraguay in their final World Cup pool match, emphasizing the team's desire to win despite a draw likely securing progression. The team aims to start stronger against a "tough" opponent.
China has added 10 US firms, including MP Materials and USA Rare Earth, to its export control list and restricted 46 from government procurement. Analysts warn this escalation tests the fragile US-China truce, imposed in response to US actions against Chinese tech firms.
Global economic fragility persists despite a US-Iran truce, with risks of renewed inflation and supply disruptions. India, however, is well-positioned due to strong fundamentals like steady growth and anchored inflation, though a weak monsoon poses a domestic challenge.
