Kingdom in West Asia; oil power shaping regional and global energy politics
California has led 11 other state attorneys general in filing a federal lawsuit to block Paramount Skydance’s proposed $110bn acquisition of Warner Bros. Discovery, arguing the combination will raise prices, cut content and reduce competition in theatrical film distribution and basic cable. The states are seeking to stop the companies from closing the transaction while the case proceeds.
U.S. officials have opened a leak investigation after news reports said the Secret Service urged President Trump to swap from a newly gifted Qatari 747 to an older Air Force One during a trip home from a NATO summit. The FBI and White House have served subpoenas on New York Times reporters and have tried to contact Secret Service staff, officials say.
The United States has conducted repeated airstrikes across Iran’s south and near Tehran, hitting air defences, logistics and maritime targets while enforcing a naval blockade. Iran has responded with missiles and drones against US-linked bases in Bahrain, Kuwait and Jordan and said it struck US forces in Syria and Bahrain. The interim ceasefire over the Strait of Hormuz has frayed and oil prices have risen.
Yemen’s internationally recognised government has targeted Sanaa airport to prevent an Iranian plane from landing; the Houthis retaliate by hitting Abha airport. The move marks the sharpest escalation since a 2022 truce, raising fears of wider violence and disruption to Red Sea shipping.
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 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.
Two welterweight stars, Conor Benn and Ryan Garcia, are slated to fight for the WBC title in Las Vegas on Mexican Independence Weekend. Benn has moved to Zuffa Boxing after leaving Matchroom; Garcia won the WBC belt in February and is making his first defence. The bout is backed by UFC chief Dana White amid broader tensions in boxing.
The 2026 total solar eclipse is on 12 August. UK and Ireland will experience a deep partial eclipse, with up to 95% coverage in Cornwall and around 90% in London. Observatories note a 64-year gap until the next total eclipse visible from the UK. Cruise operators are expanding itineraries around the Mediterranean and Arctic to maximize viewing opportunities.
The Financial Conduct Authority has had parts of its £9.1bn motor‑finance compensation scheme suspended after legal challenges from Volkswagen Financial Services, Mercedes‑Benz Financial Services, Crédit Agricole Auto Finance and consumer group Consumer Voice. The Upper Tribunal has set hearings for December or February; lenders will not need to calculate or pay redress while legal proceedings continue, delaying mass payouts until at least 2027 if the scheme survives.
Cape Verde reached the World Cup knockout stage for the first time, then fell 3-2 to Argentina in a dramatic Round of 32. Vozinha starred with seven saves against Spain, while diaspora players and Cape Verdeans abroad celebrated the underdog story and the nation’s rising football profile.
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.
Yemen’s internationally recognised government and Houthi forces are mobilising along multiple fronts amid renewed clashes near Hodeidah. Reports confirm deadly exchanges in Jabal Dabbas and Hays district, with a sharpened U.N.-brokered truce under pressure. The government has reinforced positions on the western coast while the Houthis threaten airports and shipping routes in the Red Sea.
The fighting between the SAF and RSF has intensified around El-Obeid in North Kordofan, disrupting power and water supplies, threatening civilians, and triggering new displacement. UN and aid groups warn of escalating humanitarian needs as drone strikes and sieges press civilians and aid workers.
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 signaled the removal of Syria from its designated state sponsors of terrorism, with President Trump telling Syrian counterpart Ahmed al-Sharaa that barriers to rebuilding will be removed and US investment will follow. Congress will review for 45 days before any change takes effect, and officials say sanctions relief could accelerate Syria’s reconstruction and reintegration, though experts caution structural reforms are still needed.
Saudi Arabia has championed an international pledge to empower women in cybersecurity and strengthen cooperation on cyber policy at a UN Human Rights Council session. The resolution, submitted by Riyadh’s Geneva mission, builds on a 2020 crown prince initiative and aims to boost participation, skills development and safe digital environments worldwide.
AstraZeneca has announced that Wainua, its gene-silencer drug for transthyretin-mediated amyloid cardiomyopathy, did not meet its primary endpoint in a phase 3 trial. The news triggers a sharp stock drop and prompts investors to rethink the company’s long-term growth targets and the strength of its pipeline.
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.
OpenArt AI is airing ads in AMC theaters in LA, SF, and NYC to promote its Director AI video tool, with in-house produced creative and a marketing push including billboards and digital placements. The campaign aims to demonstrate higher-quality AI output and spark “vibe directing” across micro dramas and ads, amid ongoing debates about AI’s impact on creative jobs.
Clashes in Pakistan-administered Kashmir have escalated ahead of regional elections, with dozens killed or injured as security forces move to clear roadblocks and suppress protests. The UN has urged investigations into civilian deaths, while Islamabad vows a political path forward amid security-led measures.
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 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.
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.
Iraq is pushing to deepen economic ties with the United States, signing oil and energy deals while aiming to increase oil production and secure IMF backing. Baghdad seeks to disarm Iran-aligned militias and to bolster state control over weapons as U.S. and Iranian pressures intensify. The talks center on shifting from crisis management to a strategic economic partnership.
Sen. Lindsey Graham has died after a brief illness, prompting Gov. Henry McMaster to appoint an interim senator through January 2027. A special primary is set for Aug. 11 to determine the GOP nominee for the November race against Annie Andrews. Rumors swirl on potential contenders, including Nancy Mace and others.
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.
Sen. Lindsey Graham has died after a career shaping US foreign policy. Axios reports he believed a Saudi-Israel normalization deal could anchor a regional settlement and help end Iran’s war, planning intensive diplomacy after Israel’s elections and the US midterms. He urged a swift move if diplomacy failed to reopen the Hormuz Strait.
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.
Bloomberg and Arab News report on refining demand, pricing dynamics for Fujairah shipping, and the broader impact of sanctions on Iranian and Middle Eastern crude flows. Independent Chinese teapots and private refiners are adjusting purchases as discounts versus ICE Brent widen for non-Iranian cargoes while Iranian shipments press ahead.
Hamas has announced it will dissolve its Gaza governing body and transfer civilian administration to a US-backed technocratic committee, the NCAG, aiming to unlock Gaza’s political future. The move follows persistent negotiations on security, disarmament and oversight, while Israel’s response and regional dynamics shape the path forward.
Slaven Bilic has returned to lead Croatia, taking over a team that exited the World Cup in the Round of 32 after a 2-1 loss to Portugal. Dalic has stepped down after nearly a decade in charge, and Bilic is set to guide Croatia toward Euro 2028.
Darline Graham Nordone has been appointed by Gov. Henry McMaster to serve the remainder of her brother Lindsey Graham’s Senate term, with a special election to determine a long-term successor. Trump has publicly backed the move, highlighting the family connection as observers question the democracy implications.
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.
Oil prices have climbed after President Trump announced a 20% shipping fee for cargo through the Strait of Hormuz and a renewed blockade of Iranian ports. Markets fear supply disruptions as global oil volumes tighten amid renewed conflict, with Brent and WTI futures moving higher following a day of volatile trading.
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.
Pimblett has submitted Saint-Denis in 52 seconds to revive his title bid, while Gaethje has seized the lightweight belt by stopping Topuria and later becoming undisputed champion. The fight night at the T-Mobile Arena also saw more Britons shine, including Luke Riley.
Lucid Motors has denied bankruptcy or going-private reports. It says liquidity remains strong enough to fund operations into 2027, with AlixPartners reviewing the business to improve execution and focus on the Gravity SUV. The firm has undergone leadership and workforce changes amid ongoing restructuring.
The Houthis have escalated the Yemen conflict by attacking Sanaa airport’s runway in response to an Iranian plane landing, prompting retaliatory strikes by Yemen’s government and missiles toward Abha. The United Nations warns against another escalation cycle as regional powers weigh their next moves.
A developing clash in Congress over a GOP budget reconciliation package seeks to fund Iran-related military actions and domestic priorities. Republicans push a defense-heavy framework with limited offsets, while Democrats press for affordability and oversight as votes approach.
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.
Nvidia has announced a wave of partnerships and initiatives in Japan to advance physical AI, including collaboration with Fujitsu, Hitachi, Kawasaki Heavy Industries and others. The move follows earlier launches and aims to address Japan’s aging workforce with AI-enabled robots, biomedicine, and industrial automation.
The Genesis Scottish Open at The Renaissance Club has a star-studded field, including Rahm and six other LIV players, as DP World Tour and PGA Tour co-sanctioning shapes a reshape of the Rolex Series. The event is amid talks on a new two-tier PGA Tour schedule, with promises of exemptions and鈥? changes that could redefine national Opens.
The Islamic Republic has discussed a possible move with its Houthi allies, and Tehran has informed the group recently. The Houthis are said to be prepared to act near Bab al-Mandeb, risking disruptions to Red Sea shipping and adding pressure to global energy markets as tensions with the United States escalate.
Israel’s president has spoken of a dream for peace with Saudi Arabia, emphasizing rapprochement and direct talks with U.S. support. In a Riyadh interview and separate comments, he discusses broader regional goals, including potential ties with Lebanon and Syria, and notes concerns about Iran and the Gaza war.
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.