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Global Geopolitical Updates - July 23rd
US considers retaliation against Iran, new anti-Russian sanctions face uncertain Congressional approval, and Russia enhances drone attack defenses in Kaliningrad.
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US considers retaliation against Iran, new anti-Russian sanctions face uncertain Congressional approval, and Russia enhances drone attack defenses in Kaliningrad.

India is accelerating domestic oil and gas exploration following disruptions in the Strait of Hormuz. The country plans to bid out 250,000 sq km of unexplored areas to bolster its modest global production.

Cambodia has initiated UN mediation proceedings after Thailand unilaterally terminated a 2001 Memorandum of Understanding (MOU) for joint oil and gas exploration in the Gulf of Thailand. The MOU covered a disputed area estimated to hold $300 billion in natural gas and oil reserves.