A gulf is a large inlet from the ocean into the landmass, typically with a narrower opening than a bay.
OPEC+ has agreed to increase oil output by 188,000 barrels per day from August, marking the fifth straight monthly rise. While the move signals a cautious unwind of earlier cuts, oil supplies remain constrained by the Strait of Hormuz and ongoing regional tensions. Prices have edged back toward pre-war levels as shipping resumes.
The United States has escalated strikes against Iran, while Iran and its IRGC retaliate with missiles and drones targeting Gulf bases and shipping. The renewed hostilities threaten global energy flows as both sides threaten further action and diplomatic talks remain fragile. The Strait of Hormuz remains central to the crisis.
Yemen's Houthi movement has declared an immediate maritime embargo against Saudi Arabia, saying it will close the Bab al‑Mandab to Saudi vessels in retaliation for a reported Saudi blockade of Houthi ports and last week's strikes on Sanaa airport. The announcement has raised fears of renewed attacks on Red Sea shipping and wider disruption to oil routes that already bypass the Strait of Hormuz.
The Strait of Hormuz remains a focal point as the U.S. indicates it will reinstate a blockade around Iran’s shipping, proposing a 20% toll on all cargo. Markets react as oil prices jump and analysts assess supply-chain implications amid a strained ceasefire.
Oil prices remain near multi-week highs as tensions surrounding the Strait of Hormuz escalate. The US has reimposed a naval blockade on Iran, Iran warns it will respond, and analysts expect intermittent supply disruptions to keep prices elevated in coming quarters.
Since late July, US and Iranian forces have resumed strikes across the Middle East after a brief pause. The US and Saudi Arabia have carried out airstrikes on pro‑Iran militias in Iraq; Iran has launched ballistic missiles and drones at US forces and commercial shipping in the Strait of Hormuz; regional actors including the Houthis are expanding pressure on Red Sea routes. Diplomatic talks remain fragmented.
The Ukrainian government is undergoing a leadership shake-up as President Zelenskyy pursues a broader political strategy. Prime Minister Yuliia Svyrydenko has been replaced or is expected to be replaced, with Sergii Koretskyi widely seen as the leading candidate. The cabinet will resign as part of the process, triggering a wider reshuffle.
The conflict between the United States and Iran has intensified, with U.S. airstrikes targeting Iranian infrastructure and Iran responding with strikes and disruptions around the Strait of Hormuz. Oil prices rise as shipping through Hormuz tightens, while regional actors report ongoing fighting and injuries.
Updated reporting shows Iran and Oman are negotiating management of the Strait of Hormuz while the US considers further strikes. Oil markets react as Gulf states pursue alternative export routes amid ongoing conflict with Iran.
The three islands—Abu Musa, Greater Tunb, and Lesser Tunb—have long anchored Iran’s presence in the Strait of Hormuz. Recent U.S. strikes on two islands have reignited questions about ownership and future control, highlighting their strategic role in global energy shipping.
Uber has offered €41.50 per Delivery Hero share in a deal valuing the company at $14.8 billion. The all-stock transaction would expand Uber Eats across 99 countries and increase the overlap with its ride-hailing business. Regulators will scrutinize competition; 14 markets will be divested to SSW Partners to satisfy antitrust concerns. The deal is expected to close in H2 2027.
Lebanese President Aoun has travelled to Washington to present a written plan to disarm Hezbollah and secure Israel’s withdrawal from southern Lebanon under a US-backed framework. Trump has pledged support for Lebanon and its army as talks aim to curb Hezbollah and stabilise the border, with pilot zones showing tentative progress amid ongoing Israeli strikes.
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.
Spain defeats Argentina 1-0 in extra time to claim the 2026 World Cup. Netanyahu has publicly supported Argentina, while Spain’s Sánchez condemns Israel’s Gaza campaign. The final has become a global stage for competing political loyalties, drawing reactions from Palestinian supporters and international actors.
Oil prices have risen this week after U.S. officials narrowed a waiver to the Jones Act for energy shipments and data showed U.S. crude stocks have fallen to multi-decade lows. Traders are parsing mixed statements from Washington and Tehran about talks to reopen the Strait of Hormuz while reparations demands have emerged, keeping markets volatile on 11 Aug 2026.
The latest exchanges in the Iran–U.S. confrontation have escalated, with Trump-related polling shifting and new strikes intensifying the conflict. A string of reports shows economic and political pressures are rising as talks falter and hostilities resume.
The Iran-aligned Houthis have declared an immediate maritime embargo against Saudi ships at Bab el-Mandeb, citing what they call an oppressive siege on Yemen. The move threatens Red Sea navigation and Saudi oil exports, as ships reroute and insurers weigh risks. The threat comes amid rising regional tensions and recent attacks along major shipping routes.
The Labour leadership has appointed John Healey as chancellor, with Andy Burnham promising rapid moves to cut living costs and boost growth, while reshaping defence and economic policy. Cabinet changes reflect a broader reshuffle aimed at reunifying Labour after leadership transitions.
Renewed US–Iran strikes and a US naval blockade have pushed oil above $90 a barrel and cut tanker traffic through the Strait of Hormuz. Shipping, insurance and refining costs have surged faster than crude, lifting diesel and jet-fuel premiums and pushing US pump prices toward $4 a gallon; analysts warn sustained disruption will force further price rises.
The Gulf states are accelerating pipeline projects to bypass Hormuz as Iran blocks the Strait, while existing routes face strain. Several major lines are nearing completion, with Fujairah and Yanbu expanding capacity; Iraq and Turkey explore alternative export routes. Analysts warn the shift could alter global oil flows and prices.
LIV Golf is confronting a funding shortfall after the Saudi Public Investment Fund withdraws backing at year-end. The league is seeking about $260 million, with Indianapolis likely to host upcoming events and Michigan deemed unlikely. Investors’ decisions will shape LIV’s 2027 viability.
Consumer confidence has improved in July as heatwaves, football success, and the new prime minister boosted mood. However, overall sentiment remains negative, with the GfK index at -17, and gains rely on government delivery to tackle cost‑of‑living pressures.
The US has imposed new 10%–12.5% tariffs on imports from 60 trading partners, saying they have not effectively enforced bans on goods produced with forced labour. The levies replace expiring temporary duties and include product exemptions, while trading partners from Brazil to Australia have criticised the move and markets have reacted with caution.
Emirates has unveiled the U-Dream, an adjustable headrest designed to support the neck and head, rolling out across economy on A350s and expanding to A380s and 777s by 2027. The feature aims to improve comfort on long-haul flights, with pilots and crew highlighting reduced neck strain and the elimination of traditional neck pillows.
Trump has attended the White House Correspondents’ Dinner after a postponement due to a gun attack outside the Washington Hilton. He uses the stage to critique the media, tout his resilience, and tease opponents, while noting heightened security and a smaller guest list.
President Trump has attended the rescheduled White House Correspondents' Dinner at the Waldorf Astoria, praised some journalists, mocked others and repeatedly attacked news organisations and named reporters. The event has followed the April shooting that forced the original dinner to be abandoned and featured tighter security and awards for reporters, including a Wall Street Journal team.
The United Nations chief has urged the immediate removal of sanctions on Syria as he concludes a two-day visit, stressing Syria’s crossroads and the need for investment to rebuild infrastructure, institutions and livelihoods. He has met interim leadership, civil society and UN peacekeepers, while calling for international support to accelerate recovery and safe returns for refugees.
The US faces intensified Iranian missile activity, with reports of diminishing Patriot and THAAD interceptors and Iran’s evolving missile program. Analysts say Chinese and Russian involvement is uncertain, while high-precision strikes raise questions about defence readiness amid ongoing regional tensions.
Tensions in the Red Sea have intensified as Houthis escalate maritime attacks and a blockade against Saudi-linked shipping. Attacks target vessels, widen regional confrontation, and threaten global energy routes amid ongoing US-Iran tensions.
Tensions between the Yemeni government and Houthi rebels have intensified, with the Houthis threatening a maritime blockade and both sides exchanging fire near Hodeidah. Afrah al-Zouba has warned the Houthis may copy Iranian strategies in Hormuz to control Red Sea access, raising the risk to global shipping.
Funeral services for Senator Lindsey Graham have taken place in Washington and South Carolina after his sudden death on July 11. President Donald Trump, Israeli Prime Minister Benjamin Netanyahu and Ukrainian President Volodymyr Zelensky have attended memorials that have highlighted Graham’s influence on U.S. foreign policy and set off a scramble for his Senate seat in South Carolina.
Iran has ruled out Oman’s 50-50 regional management for the Strait of Hormuz, insisting on control of its side and opposition to a wide sharing arrangement. Oman proposed a Malacca-style model with voluntary fees to stabilize shipping after disruptions from the US-Israeli war. Officials say talks are progressing step by step, but hardliners remain skeptical about concessions.
Russia's FSB has accused Telegram of failing to remove channels, chats and bots that it says Ukrainian intelligence and extremist groups used to coordinate sabotage, terrorism and cyber-fraud inside Russia, and has placed founder Pavel Durov on an international wanted list; Telegram responded by posting an image of Durov making a rude gesture.
Federal agencies and state officials have reported coordinated cyberattacks that have targeted internet-connected controllers at water and wastewater utilities in at least a dozen states since late July. Operators have had passwords changed and been locked out, forcing many plants to revert to manual control; officials say drinking water remains broadly safe while investigations continue.
Google has rolled back a new Google Earth feature that used the Nano Banana 2 image model to generate AI images over satellite, aerial and 3D imagery after researchers and journalists created fabricated scenes — from refugee camps to bomb craters — that could be shared as persuasive, falsified evidence.
Global stocks have rallied this month after officials reported progress in talks to reopen the Strait of Hormuz, and a string of strong corporate earnings has bolstered investor sentiment. Treasuries and oil prices have fallen as traders pare back expectations for near-term Fed hikes; strategists warn valuations and one-off earnings boosts limit further upside.
Shipping through the Strait of Hormuz has ground toward a halt this weekend as a 60‑day ceasefire between the U.S. and Iran has reached its expiry and negotiations remain stalled. Kpler data shows single‑digit daily transits; Iran has repeated demands that the U.S. lift its naval blockade, remove sanctions and pay reparations, while the U.S. says it can maintain the blockade indefinitely and is planning further economic pressure.
A Jordan-hosted emergency meeting convenes to address escalating tensions around Jerusalem’s al-Aqsa and Christian holy sites. Arab ministers warn of potential regional instability as Israeli actions provoke protests and international scrutiny ahead of October elections.
Electric-vehicle prices have risen in July as automakers tighten incentives after the expiration of federal tax credits. Analysts say limited supply and luxury demand are keeping prices high, while cheaper, mass-market models could pressure the market later in 2026.
Tui has seen a sharp drop in pre-tax profits in its third quarter as fuel costs rise amid the Middle East conflict. The group reports weaker bookings and higher costs, but notes some signs of recovery in demand and continued price pressure.
Iran and Oman are nearing a bilateral arrangement to restore shipping through the Strait of Hormuz. A temporary central corridor could allow normal oil traffic to resume while broader peace talks with the United States and other parties continue. Officials warn that any reopening remains contingent on U.S. actions and broader security guarantees.
Iran's Supreme Leader Mojtaba Khamenei has not appeared in public since taking the role after his father’s death in February. State media say talks with the US continue as Tehran hints at potential footage releases; meanwhile, Iran signals conditions for reopening the Strait of Hormuz as regional conflicts escalate.
The US has ongoing shortages of long‑range missiles and interceptors amid the Iran war. Authorities are replenishing stockpiles, ramping up production, and monitoring ally readiness as munitions levels remain stressed. Multiple outlets report depleted Patriot and THAAD interceptors and widespread use of ATACMS, PrSM, Tomahawks, and other missiles.
The Sudanese conflict persists as fighting between the army and RSF continues to upheave daily life. Civilians confront displacement, blocked routes, and humanitarian struggles, while international voices call for action.
Houthis have launched repeated drone, missile and naval strikes that have damaged Yemen’s Mocha port, killed dozens and forced the port’s suspension. The group has claimed a drone hit on Saudi Aramco’s Jazan refinery and renewed attacks on shipping in the Red Sea and Bab al‑Mandeb, while Yemeni government forces have mounted counter‑attacks across multiple fronts.
The Charity Commission has escalated a statutory inquiry into the Al-Khair Foundation, with eight initial charities under review and a Turkish national connected to the group in custody on US charges. The regulator says it will extend its review as more evidence emerges about links to Hamas and the flow of funds to Gaza.
The Board of Peace has issued its first construction contract for a 150-person outpost in Gaza to house Moroccan troops. Arkel International is named as contractor, but the legal framework remains unsettled and key questions persist about timelines, deployment, and legality.
Saudi Arabia, Turkey and Pakistan have signed the Mecca Joint Defence Agreement, establishing a mutual defence framework. The pact treats an armed attack on any member as an attack on all, while stopping short of detailing automatic troop deployment. It builds on prior defense ties and signals a move toward a more regionally driven security order amid heightened Gulf tensions and Iran-Israel dynamics.
Iran and Oman say transit-management talks are approaching final stages, yet Tehran conditions, compensation demands and US policies keep a full reopening uncertain. Attacks in the Strait of Hormuz persist as oil markets react to the blockage and regional tensions.
The Hamas-disarmament framework backed by the US is facing renewed testing as Israel rejects the plan’s terms, insisting Hamas must be disarmed before any withdrawal. Hamas has expressed readiness to implement the second phase if Israel approves and begins implementing, while mediators push for a coordinated process amid ongoing clashes in Gaza.