A gulf is a large inlet from the ocean into the landmass, typically with a narrower opening than a bay.
The Charity Commission has escalated a statutory inquiry into the Al-Khair Foundation, following the arrest of a Turkish national linked to the charity on US charges. The regulator says eight initial charities are under review, with Hasna’s case prompting the broader probe. The Al-Khair Foundation says it cooperates fully and underscores its long humanitarian record.
The Strait of Hormuz is nearing a temporary, Oman‑led corridor arrangement to reopen shipping. Iran seeks central control and potential fees, while the US calls for an open waterway. Attacks persist as diplomacy continues, with a possible 60‑day window for a temporary route.
Thousands have been protesting nightly in Tirana and along Albania’s southern coast for more than a month against a multi‑billion‑euro resort project linked to Jared Kushner and Ivanka Trump. Demonstrators have adopted flamingo symbols to oppose work inside the Vjosa‑Narta wetlands and on Sazan island and are demanding Prime Minister Edi Rama’s resignation amid clashes with police.
Oil and petrol prices have fallen after the U.S. and Iran reached a tentative deal to reopen the Strait of Hormuz, but global inventories and U.S. strategic reserves have dropped to decades-low levels and will take months to rebuild. Consumers are seeing smaller pump prices now; wholesale and crude markets remain fragile while production, shipping and refinery capacity restart is underway.
The UAE is reported to have agreed to unlock billions of dollars of Iranian assets as part of a tentative peace framework with the United States. The UAE denies releasing funds, while Washington and Tehran remain engaged in talks that could see tens of billions in Iranian revenues unfrozen. Reports vary on amounts and timing, prompting swift official rebuttals.
A tentative deal has reopened the Strait of Hormuz and allowed some vessels to leave the Persian Gulf, but global oil flows have not returned to normal. Producers and shipowners have cut output and delayed shipments; tankers stranded in the Gulf and shut-in fields will take weeks to months to restart full exports, keeping pressure on prices and inventories through summer.
Libya’s government has banned entry through all ports for citizens of Sudan, Eritrea, Ethiopia and Somalia, with exemptions for diplomats and health/education workers. The move follows ongoing tensions over refugee resettlement and a history of migrants crossing Libyan routes to Europe. Reports detail detentions, abuses in detention centers, and deaths among migrants and refugees.
Progressive candidates tied to the Democratic Socialists of America have won pivotal primaries in New York and Colorado, challenging pro-Israel incumbents and the influence of AIPAC. The victories reflect a shift in how the Democratic base views Israel and Gaza, with winners advocating for ceasefire, Palestinian rights, and a pivot away from unconditional military aid.
Oil prices have fallen after negotiators report encouraging progress in Switzerland. Brent has moved to around $77-$81 a barrel while U.S. crude sits near $73-$75. Gas and diesel prices have declined modestly but remain well above prewar levels as shipping flows through the Strait of Hormuz slowly normalize.
Global personal luxury goods sales are forecast to grow 2%–4% in 2026, reaching about €365–€373 billion. The Americas drive the rebound, with U.S. demand leading growth; China and Europe show uneven recovery amid geopolitical tensions. Experiential luxury and new spending patterns are reshaping the market.
U.S. Secretary of State Marco Rubio has visited the United Arab Emirates, Kuwait and Bahrain to reassure Gulf partners that the Iran memorandum of understanding, signed last week, remains their security anchor. Talks focus on ballistic missiles, a $300 billion reconstruction fund and Tehran’s regional influence as regional leaders weigh the deal’s implications.
The UN's International Maritime Organization has paused its evacuation of around 600 stranded ships and 11,000 seafarers after a vessel was struck off Oman's coast on Thursday. The attack, which multiple maritime sources say likely involved a drone or unknown projectile, has prompted fresh warnings from Iran and halted the IMO operation while safety guarantees are rechecked.
The United States and Iran have signed a memorandum of understanding to end the war in the Middle East, reopen the Strait of Hormuz, and begin a 60-day path toward a final deal on Iran’s nuclear program, with sanctions relief and a reconstruction fund for Iran. The agreement has triggered immediate reactions across markets, allied capitals, and regional powers as the conflict moves toward a transitional phase.
The United States has reiterated that international waterways must remain free of charges as Gulf partners push back against any tolling plan. Rubio has toured the Gulf amid a flurry of developments including a new shipping corridor near Oman, a temporary halt to evacuation efforts, and ongoing negotiations with Iran over a preliminary peace framework. The UN has paused evacuation plans for mariners in the Strait of Hormuz, while Oman coordinates a temporary route with the IMO.
China pushes for early restoration of normal navigation through the Strait of Hormuz while backing regional security talks. Beijing calls for ceasefires and a new security architecture to support global supply chains as interim deals free up Gulf crude.
Technical-level talks mediated by Qatar and Pakistan have continued between Iran and U.S. teams in Doha and Geneva to implement the Islamabad memorandum. Delegations have agreed a monitoring channel, discussed phased release of frozen Iranian funds and arrangements for safe passage through the Strait of Hormuz, while disagreements persist over inspections and control of the strait.
The United States and Iran have oscillated between indirect negotiations in Doha and denials of any planned talks. Doha mediators are engaging with both sides as new pressures around the Strait of Hormuz persist. Reports from Doha indicate mixed signals from Washington and Tehran about whether direct talks are on the table.
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.
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 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.
Sheikh Hamad bin Khalifa Al Thani has died at 74, Qatar's Amiri Diwan has announced. He has been credited with transforming Qatar into an energy and diplomatic power by expanding LNG production, founding Al Jazeera, building sovereign investment vehicles and stepping down voluntarily in 2013 to hand power to his son.
Ukraine has announced a cabinet reshuffle after Prime Minister Yulia Svyrydenko has resigned, saying Ukraine is changing its political strategy. Zelenskyy says the changes aim to implement an updated foreign policy focus, with new leadership in key ministries and law-enforcement heads.
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 benchmarks have fallen sharply after US President Donald Trump has said he called off planned strikes on Iran and reported that talks to reopen the Strait of Hormuz will begin. Brent has dropped from above $100 to about $83 and US crude has fallen below $80, while markets and bond yields are reacting to lower geopolitical risk premiums.
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 United States has launched durable 10%–12.5% tariffs on imports from 60 economies, arguing they fail to enforce bans on goods produced with forced labor. The move takes effect as temporary levies expire, with exemptions for certain products and countries meeting compliance. Analysts warn prices could rise for consumers amid ongoing debates over trade policy.
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.