State in West Asia with influence in Gulf security and energy
President Volodymyr Zelenskyy has carried out a surprise cabinet reshuffle that has removed Defence Minister Mykhailo Fedorov and nominated Serhii Koretskyi as prime minister. The move has prompted nationwide protests, resignations in the military, and has led Zelenskyy to name SBU chief Yevhen Khmara as acting defence minister while parliament prepares confirmation votes.
The United States has carried out repeated air and naval strikes across Iran, hitting military and transport targets including bridges, ports and coastal facilities, and Iran has responded with missiles and drones against US-linked bases in Bahrain, Kuwait and Jordan. The June memorandum of understanding to pause the war has weakened and shipping through the Strait of Hormuz has fallen as hostilities rise.
The United States has intensified strikes against Iran to degrade its ability to threaten civilian shipping through the Strait of Hormuz. Iran has responded with missiles and drones against Gulf states and threats to close the strait. The interim US-Iran truce appears increasingly fragile as both sides escalate.
The U.S. and Iran have escalated hostilities around the Strait of Hormuz. CENTCOM reports continued strikes against Iranian targets to degrade its ability to threaten shipping, while Iran and its IRGC retaliate with missile and drone attacks on Gulf bases. The cycle risks disrupting global energy flows as sides trade threats and coordinate blocking actions.
The latest wave of US strikes targets Iran and nearby targets after Tehran closes the Strait of Hormuz; both sides accuse each other of targeting energy infrastructure while global oil prices rise. The fight over Hormuz continues to threaten a broader conflict, with ships moving at reduced capacity through the strait.
NATO and allied nations are accelerating development and deployment of cheaper, scalable defenses in response to drone threats and rapid battlefield innovation. Ukraine’s front-line feedback is driving faster iteration, with manufacturers delivering updates within days or weeks as the war reshapes planning for 2030-era air defense.
The US and Iran have moved toward a formal ceasefire and negotiations. Gulf states are expanding ties with new partners, reinforcing regional autonomy, while warning against tolls on the Hormuz Strait and pressuring for broader security guarantees.
The IAEA has called for a robust verification system and full access to Iran's nuclear sites as part of ongoing talks to end the regional war, following a resumed dialogue between Tehran and Washington and a push for inspections to proceed alongside a broader ceasefire.
Sony has announced it will stop producing physical PlayStation game discs from January 2028. New titles will be sold via the PlayStation Store or as retailer-issued download codes; games releasing before 2028 remain unaffected. The move follows years of rising digital sales and has provoked consumer backlash over ownership, preservation and the second‑hand market.
The Strait of Hormuz confrontation has intensified as Iran rejects foreign oversight and launches drone and missile strikes. A US-backed maritime route near Oman is expanding, provoking Tehran while top powers push for a ceasefire. Kuwait, Bahrain and other Gulf states report attacks and air defenses intercepting missiles and drones; Washington and Tehran trade retaliatory strikes.
The latest reporting shows Iran and the United States engaging in limited discussions in Doha over the implementation of a cease-fire memorandum and the release of frozen assets, while clashes in the Strait of Hormuz continue to raise concerns about a broader deal. Oil markets edge higher as talks proceed.
Vessel transits through the Strait of Hormuz have risen this week amid shifting navigation guidance and ongoing tensions between Iran, the U.S., and Oman. Observers report mixed routes with a northern Iranian corridor and a southern Omani corridor, while the broader risk to shipping remains elevated.
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.
The United States and Iran are moving toward a temporary agreement. Delegations have travelled to Doha for technical talks while Tehran says no direct meeting has been scheduled; both sides are discussing the interim deal and the Strait of Hormuz. Funeral ceremonies for Ayatollah Khamenei are ongoing in Tehran and Mashhad as Iran grapples with leadership transitions.
Iran has maintained indirect talks with the United States via mediators in Doha, as both sides pursue a ceasefire extension and wider settlement. Officials say progress is limited, with key issues including the Strait of Hormuz, frozen assets, and Iran’s nuclear programme continuing to complicate negotiations. Oil prices have fallen as optimism grows about delaying further conflict.
The Scotland 500 shows private equity now owns nearly 60% of listed Scottish firms, underscoring international investor interest in Scotland’s traditional sectors evolving into high-growth businesses. Origo and Vespa Capital are highlighted as unicorn ambitions, while BR-DGE expands beyond gaming to enterprise payments.
Oil prices have shifted as indirect negotiations between the U.S. and Iran inform expectations for Middle East supply. Markets show guarded optimism about a ceasefire framework and potential restoration of safe shipping through the Strait of Hormuz, while inventories and production signals temper optimism.
Oil prices have fallen back as flows resume through the Strait of Hormuz, with Brent near pre-war levels and traders citing improved supply and easing demand concerns amid China’s reduced imports. Markets warn the rally could resume if security holds and demand rebounds.
Tensions escalate between Washington and Riyadh after Saudi Arabia blocks U.S. use of its bases and airspace for Project Freedom, prompting a rethink of the U.S. Gulf military footprint even as officials insist the partnership remains strong.
The United States has carried out strikes on Iranian targets near the Strait of Hormuz in response to a drone attack on a Panama-flagged tanker. Iran has retaliated with missiles and drones against U.S. bases in Kuwait and Bahrain as indirect talks continue in Doha. A 60-day truce signed mid-June is nearing expiration, with no substantive progress on key issues.
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.
Saudi Arabia's non-oil economy shows resilience with a June PMI above 50, signaling expansion. Riyad Bank’s PMI points to the strongest end of Q2 since February, while manufacturing and exports face mixed signals amid regional tensions and supply-chain disruptions linked to the US–Iran conflict.
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 on Iran escalate, prompting a renewed naval blockade and Iranian retaliation. Trump says he will replace a 20% fee with trade deals, while Tehran vows to respond to perceived Western interference.
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.
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.
Former Qatari emir Hamad bin Khalifa Al Thani has died at 74. His abdication in 2013 paved the way for a peaceful transition of power to his son, while his leadership transformed Qatar into a global energy, media and diplomatic heavyweight.
Qatar has announced four days of national mourning after the death of Father Emir Sheikh Hamad bin Khalifa Al Thani, who ruled from 1995 to 2013 and transformed the small emirate into a major regional power. Crowds and dignitaries have gathered in Lusail for funeral prayers and tributes, while the new emir, Sheikh Tamim bin Hamad Al Thani, receives mourners and foreign leaders.
The United States has carried out another round of missile strikes targeting Iran’s military capabilities around the Persian Gulf, including missile storage, air-defense systems, radar sites, and drone platforms. The actions come amid ongoing tensions following attacks on shipping in the region.
The Strait of Hormuz remains a focal point as attacks and war-risk costs push ships to avoid the usual traffic lanes, with U.S.-led efforts continuing yet shippers report growing concerns and elevated insurance premiums.
The Strait of Hormuz has seen a sharp drop in vessel traffic as renewed US-Iran actions inflame the region. Iran asserts control over the waterway; Western powers push for free passage. The latest strikes follow attacks on three vessels near Oman, and data shows traffic through the strait has plunged from its pre-conflict normal.
Sterling has firmed on the day after oil prices surged amid Middle East tensions, with traders pricing in potential BoE support and a possible US rate move. Markets are eyeing UK gilts and the outlook for the government’s spending plans as the premiership transition nears.
Wounded troops have risen to more than 400, with most injuries being traumatic brain injuries. The crash on July 1 is described as an emergency landing with no hostilities linked, and three sailors were rescued. The casualty tally includes one non-hostile death and details on continuing investigations.
The Strait of Hormuz remains a flashpoint as the United States reinstates a de facto blockade and Iran asserts control measures. Trump has declared the U.S. will guard safe passage, while Iran’s Revolutionary Guard says Tehran controls the strait amid ongoing strikes and maritime disruptions affecting global oil flows.
The United Arab Emirates is pursuing a new port and container terminal on Fujairah’s east coast to reduce dependence on Jebel Ali and avoid the Strait of Hormuz. DP World is in talks to develop the site, with plans for a new multipurpose port and a terminal at the existing harbour, amid ongoing clashes linked to Iran’s attacks and U.S. and Israeli actions. Experts say the move signals a push for regional resilience as shipping routes face disruption.
CENTCOM says three Corsair unmanned surface vessels have hit Bandar Abbas naval base, marking the first combat use of sea drones by U.S. forces. The operation degraded Iran’s ability to attack commercial shipping, with drones capable of 1,000-lb payloads and 1,000-nautical-mile range. The incidents follow escalating drone warfare in the region.
The Strait of Hormuz remains a flashpoint as US and Iranian forces resume strikes after a fragile ceasefire. Tehran is asserting control over shipping routes, while Washington threatens broader action to safeguard navigation and energy supplies.
The US has pressed Israel to redeploy troops from Syria and Lebanon, amid renewed calls for security zones along borders. Washington has been mediating talks with Lebanon and Syria while Israel maintains a military presence in the region. Trump has urged faster weapons production as the conflict widens.
Iran’s Revolutionary Guards have threatened to close key export routes as U.S. strikes continue and Houthi attacks escalate. Tehran is signaling it could disrupt Hormuz and Bab el-Mandeb, widening pressure on Washington and imperiling a large share of global energy shipments.
The region has endured days of back-and-forth attacks focused on control of the Strait of Hormuz. The collapse of a ceasefire has left no clear end in sight. U.S. airstrikes have targeted Iranian infrastructure while Iran has responded with strikes and ship disruptions; oil prices have surged accordingly.
The United States has intensified strikes against Iran while signaling it will press Tehran to negotiate. President Trump has warned Iran to “behave” as U.S. forces target northern Iran and renew actions around the Strait of Hormuz, while Iran retaliates with missiles and drones toward Bahrain and Kuwait.
Desalination plants powering Gulf cities are vulnerable to strikes and climate threats, with 56 plants supplying most Gulf drinking water. Attacks have damaged facilities and raised concerns about water security across Kuwait, Oman and Saudi Arabia as tensions in the region continue.
US stocks have regained some ground after a day of whipsaw trading as Moonshot unveils Kimi K3, a 2.8-trillion-parameter model that rivals top OpenAI and Anthropic offerings. Apple briefly tops Nvidia in value, while chipmakers retreat on concerns over AI spend. Markets are parsing the implications for AI capex and the broader tech sector.