Iranian political figure and Shia cleric; leader since 1989
Markets are stabilising after a stretch of high activity in tech options, with traders shifting focus as implied volatility cools. Small caps are leading potential next moves, while global equities reflect a policy-led, carry-friendly regime.
Indirect talks mediated by Qatar and Pakistan are pressing to implement the Islamabad Memorandum and to restart shipping through the Strait of Hormuz. Officials say progress is being made, with a monitoring channel set to report violations, and discussions on how part of Iran’s frozen assets could be used to purchase needed goods.
Iran’s Supreme Leader’s envoy defends the MoU with Washington as Tehran faces persistent conservative criticism. Iran says it is preparing for a broader, unified front against perceived U.S. and Israeli pressure while negotiating teams pursue a ceasefire and longer-term settlement. The US and Iran remain engaged, with regional actors warning of renewed tensions.
Iran is coordinating a multi-city funeral for Ayatollah Ali Khamenei, with Mojtaba Khamenei absent from public view. State media show three sons near the coffins as crowds gather, while officials plan mass processions to Qom, Najaf, Karbala and Mashhad amid a fragile ceasefire and renewed tensions with the US and Israel.
Trump marks the 250th anniversary with a Capitol rally and a national mall event, touting achievements while warning of a communist threat. The event faced heat and a weather evacuation, with global leaders sending messages of support and criticism of the administration’s approach to the celebration.
Iran has signaled it may charge service fees for ships passing through the Strait of Hormuz after a 60-day period during which transit was free under a US‑Iran deal. Iran says the fees will support security and environmental safeguards and will consider special treatment for friendly nations; negotiations on a permanent settlement are ongoing. Oman is involved in a joint committee to manage the Strait.
Hundreds of thousands fill Tehran for the funeral of Ayatollah Ali Khamenei as violence continues around Iran’s war with the United States and Israel. Iran’s leadership appears intact as new faces step forward, while the leadership’s line calls for revenge amid ongoing negotiations with the United States. The funeral coincides with demonstrations and threats directed at U.S. President Trump and Israel’s Netanyahu.
Lebanese Christian village leaders have rejected Benjamin Netanyahu’s assertion that some southern Lebanon villages asked to be annexed by Israel. They say the claim is false and aimed at inflaming sectarian tensions. Officials emphasise safety, dignity and loyalty to Lebanon amid ongoing Israel-Hezbollah hostilities.
Khamenei’s funeral ceremonies unfold across Mashhad, Tehran and beyond as Iran’s leadership figures gather for a six‑day event. Mojtaba Khamenei remains absent, fueling questions about his health and authority as regional leaders project unity amid ongoing conflict with the US and Israel.
Beijing has expanded its regulatory reach to target foreign entities deemed to threaten its supply chains and enforce sanctions. A third draft law would allow prosecutions for acts harming China’s national interests, while officials say the measures safeguard sovereignty and development.
The US and Iran have exchanged fresh strikes this weekend and on Monday, reversing a recent interim ceasefire and re‑opening doubt over control of the Strait of Hormuz. President Donald Trump has declared the ceasefire "over," ordered further strikes and revoked a temporary oil waiver. Oil has jumped into the high $70s–$80s and global markets have fallen.
The United States has intensified strikes on Iranian targets to protect shipping through the Strait of Hormuz, while Iran has responded with missile and drone actions. Attacks target coastal bases, railways, and port facilities across Iran and nearby states, signaling a rapid intensification of a wider confrontation.
The Strait of Hormuz remains a flashpoint as US strikes and Iranian responses escalate. Iran has closed the strait, while the US reimposes a blockade and hits multiple targets. Attacks on commercial vessels have continued, driving up global energy costs and threatening negotiations under the ongoing ceasefire.
Khamenei’s coffin nears final burial after a week of funeral ceremonies spanning Iran and Iraq. Najaf and Karbala host large processions; Iran’s deadly regional posture and ties with Iraq underscore the regional flare. The burial will conclude in Mashhad.
A sequence of bombings in central Damascus has killed and wounded civilians, with authorities announcing arrests of suspects and pledging to pursue those behind the attacks as Macron’s visit to Syria unfolds amid security concerns.
Iran has engaged in talks with Oman and Turkey on Hormuz tensions. Officials report Israel’s strikes on Gaza and Lebanon continue, amid condemnations and calls for accountability. Qatar urges diplomacy as US-Iran tensions persist; Amnesty International accuses Israel of targeting civilians in Lebanon, prompting international scrutiny.
Khamenei’s burial in Mashhad closes a week of state-led mourning and public displays amid renewed clashes between the US and Iran. Mojtaba Khamenei remains out of public view after his father’s death, and security measures center on limiting exposure as regional tensions intensify.
Canada’s Mark Carney has arrived in Saudi Arabia to deepen economic ties, with a focus on mining, energy cooperation, and investment in AI and skills development. The visit follows a 2023 diplomatic reset and precedes a signing ceremony for commercial agreements worth over CAD 1 billion.
The United States has launched a wave of strikes on Iran after attacks on three ships in the Strait of Hormuz. Iran retaliates by targeting US bases in Bahrain and Kuwait. Oil prices have risen amid renewed fighting, and talks toward a ceasefire appear fragile as both sides accuse the other of violations.
Iran has continued attacks on US bases across the Gulf region, targeting Jordan, Kuwait, Bahrain, Qatar and Oman with missiles and drones. US-led airstrikes have responded with approximately 90 targets hit in Iran as the Strait of Hormuz remains a focal point of the conflict. Regional leaders urge restraint while diplomacy is pursued.
The conflict between the United States and Iran remains volatile after a string of exchanges in the Gulf. Mediators are pressing to reopen talks, with Qatar and other parties seeking to restore a memorandum of understanding that aims to turn a ceasefire into a lasting peace. Washington says the ceasefire is over, while negotiators insist talks will continue.
The US president has warned Iran of decimation if it acts on threats to target him, while tensions spike over the Strait of Hormuz. Mediators are pressing for renewed talks as both sides escalate rhetoric amid a fragile truce and international mediation efforts.
Iran and the United States have issued conflicting narratives over merchant shipping in the Strait of Hormuz, with both sides threatening retaliation while diplomacy persists through mediators. The new Iranian supreme leader’s son has issued vows of vengeance, while Western leaders weigh potential military and diplomatic paths amid ongoing talks.
The latest developments show Iran vows revenge for the killing of its former leader’s son, while the Strait of Hormuz remains a flashpoint as regional powers seek to manage navigation and diplomacy amid ongoing Israeli and American actions.
Iraq’s prime minister travels to Washington to deepen economic ties as the Strait of Hormuz remains closed and fighting between the US and Iran intensifies. Oil output, IMF talks, and potential US investment are on the table while Iran-backed groups push back against disarmament. Diplomatic prospects hinge on stabilizing energy flows and expanding state control over weapons.
Lindsey Graham has died at 71. Trump has described Graham’s “one bad moment” during Jan. 6 as the only lapse, saying he called Graham to walk back the remark. Reports note timelines differ, with logs not showing a call on Jan. 6, 2021.
The collaboration between the Middle East Forum and the Israeli INSS has leaked plans to weaken Iran’s regime through intelligence research and pressure points, amid Operation Epic Fury and ongoing regional tensions. Ahmadinejad’s fate remains unclear as reports describe his capture by IRGC and shifting positions within Iran’s power structure.
The Iraqi prime minister-designate has arrived in Washington as Washington pressures Baghdad to disarm Iran-backed militias and curb corruption. The visit centers on expanding economic ties, attracting investment, and reinforcing state control, amid Tehran’s influence and security challenges.
Yemen’s Houthis have escalated tensions by declaring a maritime blockade against Saudi Arabia in response to attacks on Sanaa airport. The move follows recent strikes and missile exchanges with Saudi forces, risking a broader regional confrontation that could disrupt global oil flows via the Bab al-Mandeb Strait.
Iran has executed multiple men convicted over killings during January’s nationwide protests, including two public hangings in Isfahan’s Alikhani (Malekshahr) Square. Videos and witness accounts show residents chanting and trying to block the executions before security forces dispersed the crowd. Rights groups say executions and hunger strikes at Ghezel Hesar prison have risen since January.
The conflict between the US and Iran has intensified after a fragile ceasefire collapsed. US and partner forces have conducted strikes against Iranian targets, while Iran has retaliated with attacks on US bases and allied facilities. Two US service members have been killed in Jordan, with others wounded or missing amid ongoing missile and drone exchanges.
Kuwait and Gulf states have seen a latest wave of strikes on power and desalination plants, triggering electricity rationing as Iran targets civilian infrastructure. Desalination supplies about 90% of Kuwait’s drinking water, relying on energy-intensive cogeneration. Authorities warn that continued attacks could deplete strategic water reserves and intensify water scarcity.
From The Guardian and Times of Israel reports, civilians in Iranian port towns face daily bombardments, power cuts, and water shortages as US strikes widen. Residents describe a “new normal” of fear while economic stress and internet blackouts hamper daily life amid ongoing hostilities. The broader picture shows hopes for ceasefire dimming as attacks escalate.
The United States is pressing Iran over the Pickaxe Mountain site near Natanz, with multiple outlets reporting continued construction, potential centrifuge activity, and warnings of imminent strikes as the war escalates. President Trump has warned of heavy action, while analysts debate the site’s depth and capabilities. International inspectors have not accessed the facility.
Lebanon, Israel, and the United States have established pilot zones in southern Lebanon as part of a framework to manage sovereignty, security, and Hezbollah disarmament. The Lebanese armed forces will clear zones of Hezbollah weapons as Israel withdraws, with verification ongoing and potential expansion dependent on security progress.
Technical delegations from Lebanon and Israel have met in Rome this week to progress a US-brokered framework that links Israeli withdrawals to verified Hezbollah disarmament and Lebanese army deployments in pilot zones. Talks are running as Israeli forces continue strikes and demolitions in southern Lebanon and as Beirut presses for more pullbacks and international verification.
Tensions in the Strait of Hormuz have intensified as US and Iranian strikes resume, targeting military and shipping assets across Iran, Kuwait, Jordan and Bahrain. Iran claims attacks on US bases and allied facilities; CENTCOM reports strikes aimed at degrading Iran’s ability to threaten commercial shipping. Oil markets react to the disruption.
A Buffalo jury has found Hadi Matar guilty on all counts in a federal terrorism case stemming from the 2022 stabbing of Salman Rushdie during a talk on writers’ safety. Matar already faces a 25-year state sentence for the August 2022 attack; the federal verdict could carry a life term. Prosecutors say the act was motivated by Iran’s fatwa against Rushdie and Hezbollah ties, while the defense questions Matar’s state of mind.
Brent crude has fallen about 8–9% to below $88–$92 a barrel after prices briefly topped $100 last week. The drop follows pauses in US–Iran strikes and reports that both sides have halted attacks to allow diplomacy. Markets remain volatile because shipping through the Strait of Hormuz and the Red Sea is still disrupted and analysts warn supply risks and inflationary pressure persist.
UNESCO has placed several Lebanese cultural sites on its danger list amid ongoing Israel-Hezbollah clashes. Tyre and Beaufort Castle face threats to their conservation, with the Lebanese government requesting the designation. The move follows direct damage from recent hostilities and concerns over access, with UNESCO urging protection of the sites’ universal value.
The reports indicate IRGC commanders and equipment have been transferred to Yemen on July 13 to bolster Houthi capabilities, with potential implications for Red Sea shipping and regional security.
Venezuela has informed the UN of its irrevocable decision to withdraw from the International Criminal Court, citing a demonstrated geographical bias favoring Africa and Latin America. The move comes as the ICC faces ongoing probes into crimes against humanity and as pressures from the United States intensify against the court.
The United States has paused nightly airstrikes on Iran and Tehran has halted retaliatory attacks for at least two days while mediators from Qatar, Pakistan and Oman exchange messages. Advisers warned President Donald Trump that continued strikes risked depleting munitions and running out of targets; oil prices have fallen as markets price the lull.
Netanyahu has met with Trump in Washington to review three approaches to Iran: a diplomatic deal, sustained economic pressure with a blockade, or a renewed military campaign. The discussions, conducted without public detail, aim to determine the path that best prevents a nuclear Iran while considering global energy impacts.
A new Iran-linked video calls for violence against President Trump’s wife Melania, showing her in New York City and naming stores; security officials confirm threats are being monitored as tensions simmer after Iran-US tensions.
The Iran-aligned Houthis have declared a maritime embargo against Saudi Arabia, with talks of charging fees for traffic through Bab el-Mandeb. Chinese ships would be exempt. International navies face stretched capacity as Gulf trade risks grow.
Khamenei has not appeared publicly since assuming leadership after his father’s death in February in the US-Israeli strike. Officials and media reports have offered conflicting details about his health and whereabouts, while Tehran maintains an opaque stance as regional tensions persist.