Mongolic autonomous region of China
Since the Iran war began in February 2026, disruptions in the Strait of Hormuz have driven global fossil fuel prices higher and exposed vulnerabilities in energy supply. Europe is accelerating plans to reduce fossil fuel dependence, while China has solidified its dominance in renewable energy manufacturing, exporting record volumes of solar panels, batteries, and electric vehicles. This shift is reshaping global energy geopolitics.
Rocket Lab has announced plans to acquire Iridium in an $8 billion deal, aiming to merge launch, manufacturing and a global satellite network to broaden its space-services footprint. The transaction values Iridium at $54 per share and signals ongoing consolidation in the satellite industry as SpaceX broadens its own services.
Multiple areas in China’s Inner Mongolia and Liaoning, plus Vietnam and Hainan, face deadly floods from heavy rain and Tropical Storm Maysak. Officials have relocated thousands of residents as rivers overflow and transport networks are disrupted; the storm’s trajectory is complicating regional disaster response.