Houthis warn Saudi-linked ships to avoid the Red Sea as Trump says US ready to respond
Yemen's Houthi rebels have warned Saudi Arabia's ships to avoid using the Red Sea, raising fresh concern over a possible disruption to one of the world's most important shipping routes. The warning was delivered in a broadcast message on Monday, according to the supplied material, and comes amid already heightened anxiety among commercial operators. The development is being treated as a new escalation in the long-running maritime pressure campaign linked to the conflict in Yemen.US President Donald Trump responded by dismissing the threat and saying the United States would act if the group tried to carry it out. Speaking at... [Continue Reading]
Sponsored
Europe closes mixed as oil and metals surge, DAX slips while FTSE 100 edges higher
Executive summary: European markets finished mixed, with the FTSE 100 posting a modest gain while the DAX and CAC 40 slipped. The biggest moves came outside equities, Brent crude jumped more than 8%, gold and silver rallied sharply, and ether extended its rebound. The pattern points to a market still reacting to geopolitical risk, firmer commodity prices, and shifting currency moves, even as broad European equity benchmarks stayed relatively contained. [Continue Reading]
US-Iran conflict drives Hormuz disruption and oil-price spike
Global energy markets are reacting to a sharp escalation in the conflict between the United States and Iran, with the Brent crude benchmark rising 23% over the past two weeks and moving back within reach of $90 a barrel. The supplied material says the fighting has now been running for 10 days around the Strait of Hormuz, a vital shipping route for oil and gas exports. It also says Houthi forces have announced a naval blockade on Saudi Arabia, adding to concerns over alternative export routes through the Red Sea and Bab al-Mandeb.The latest market move has already fed through... [Continue Reading]
Bologna protests turn violent after man dies during police arrest
Italian Prime Minister Giorgia Meloni has called for a full investigation after the death of Abderrahim Fakir during an arrest in Bologna triggered violent protests in the northern city. The 42-year-old Moroccan-born man died on Sunday local time while being restrained by police, according to the supplied report. Demonstrations over the death escalated on Tuesday and left 56 police officers injured.Video shared widely in Italy shows Mr Fakir repeatedly calling for help as two officers hold him down, while ambulance workers stand nearby. The report says he was heard saying, in English, "help, help, that's enough" before he stopped moving.... [Continue Reading]
Sponsored
ASEAN voices serious concern over Iran war spillover and energy shortages
Southeast Asian foreign ministers have voiced serious concern over the impact of the Iran war on energy supplies, as they met in Manila on Tuesday. The talks come amid disruption to key maritime routes, including the closure of the Strait of Hormuz, which has added pressure to oil imports across the region. ASEAN members are also discussing an oil-sharing mechanism as they seek to limit the effects of the crisis.In a statement, the ministers said they were deeply concerned that the developments were undermining efforts by key mediators and reducing the prospects for a peaceful resolution through dialogue and diplomacy.... [Continue Reading]
Wall Street Opens Lower as Oil and Gold Surge, Tech and Chips Lead the Decline
Executive summary: U.S. markets opened under pressure, with the S&P 500, Nasdaq and Dow all lower as a sharp jump in crude oil, a stronger gold bid and weakness in technology and chip shares shaped early trading. Energy stocks outperformed, while AI and semiconductor names lagged, suggesting investors are rotating toward inflation-sensitive and defensive exposures as geopolitical and macro risks stay elevated. [Continue Reading]
Four drone strikes in four days hit tankers carrying Kazakhstan oil at Black Sea terminal
Four tankers linked to Kazakhstan's crude exports were struck by drones over four days while loading at the Caspian Pipeline Consortium marine terminal in the Black Sea. The incidents affected civilian vessels at a key export point used to move Kazakh oil to international markets. Kazakhstan said the attacks threatened both its economic interests and wider global energy security.The foreign and energy ministries in Kazakhstan condemned the strikes and called for them to stop. In a statement, the foreign ministry said the attacks were an unacceptable infringement on Kazakhstan's economic interests and a deliberate attempt to destabilise lawful international trade... [Continue Reading]
Breakfast News Recap: US Iran conflict widens as trade, shipping and diplomacy tensions mount
The biggest escalation came in the US Iran confrontation, with Donald Trump saying Iran will pay after multiple American service members were killed, while Tehran said it had targeted US radar and air defence sites in Kuwait and Bahrain as the Gulf standoff widened. 🔗 🔗That conflict is already feeding through to energy markets, with average petrol prices in the United States rising to $4.00 a gallon for a second straight week as tensions around the Strait of Hormuz pushed oil higher and traffic through the waterway thinned. 🔗Maritime security across the wider region also deteriorated, as Yemen's Houthis объявed... [Continue Reading]
Sponsored
Europe opens mixed as oil, metals and crypto surge while German equities lag
Executive summary: European markets opened with a split tone, as a sharp jump in Brent crude, silver, gold and Ether contrasted with losses in German equities and broader eurozone benchmarks. The DAX led regional declines, while the FTSE 100 was little changed. The move set points to a market still balancing geopolitical risk, commodity inflation pressure and a softer risk appetite in parts of European equities. [Continue Reading]
China and Philippines trade blame after South China Sea clash near Second Thomas Shoal
The Philippines and China have given sharply different accounts of a tense confrontation in the South China Sea near Second Thomas Shoal. Video shared by the Philippine side shows Filipino and Chinese personnel briefly engaging each other from inflatable boats, while Manila says one of its navy personnel was struck on the head with a wooden baton. Beijing, meanwhile, has accused Philippine personnel of carrying out what it called malicious attacks and warned there would be consequences if the Philippines continued down the wrong path.In a statement, the Armed Forces of the Philippines said a China Coast Guard inflatable boat... [Continue Reading]
Cairo consultations focus on Horn of Africa and Red Sea security
Diplomatic consultations in Cairo involving Egypt, Somalia, Eritrea and a senior United States envoy have highlighted growing concern over security in the Horn of Africa and the Red Sea. The talks took place in the Egyptian capital on 21 July and centred on regional stability at a time of heightened uncertainty. Public details of the discussions were limited, but the meeting itself signalled an effort to coordinate positions among key regional actors and Washington.According to the available statements, security in the Horn of Africa and the Red Sea was at the centre of the agenda. The consultations appear to have... [Continue Reading]
Trump orders new 50% tariffs on many Canadian goods as trade dispute escalates
US President Donald Trump has signed orders to impose new 50% tariffs on many Canadian goods, deepening a trade dispute between the two countries. The White House said the duties will take effect in 30 days and will cover a range of products including wine, hockey sticks and cement. The measures were presented as a response to what Trump called discriminatory treatment of American alcohol, automobile and dairy products.The administration said the tariffs will be imposed under Section 338 of the Tariff Act of 1930, an untested legal provision that Trump has turned to after several of his earlier tariffs... [Continue Reading]
Sponsored
India and Moldova discuss UN reform and counterterrorism during Murmu state visit to Chisinau
President Droupadi Murmu has begun a state visit to Moldova, arriving in Chisinau for talks with President Maia Sandu. The visit is the first by an Indian head of state to Moldova since diplomatic relations were established in 1992. The two sides used the meeting to discuss reforms of multilateral organisations, including the United Nations Security Council, as well as cooperation against terrorism.According to the Ministry of External Affairs, the bilateral discussions also covered trade and investment, digital transformation, information technology, healthcare, pharmaceuticals, agriculture, education, culture and capacity building. A ministry official said both sides discussed the importance of reforming... [Continue Reading]
Tokyo Opens in Risk-Off Mode as Nikkei Slides More Than 5%, Hong Kong Rallies on Oil and Geopolitics
Executive summary: Tokyo and broader Asia-Pacific trading opened with a sharp split, led by a heavy Nikkei 225 selloff of -5.3% and a weaker Kospi, while Hong Kong advanced +3.8%. The move came alongside firmer WTI crude, softer gold, and a slightly stronger yen, pointing to a session shaped by risk reduction, sector rotation, and geopolitically sensitive commodity pricing. [Continue Reading]
Trump says he discussed UK ties, North Sea oil, trade, and Hormuz Strait demining with PM Burnham
President Donald Trump made multiple posts on Truth Social in the last hour: - "I had a very good conversation with the new Prime Minister of the United Kingdom, Andy Burnham. We discussed many subjects, including the outstanding relationship we have had with the UK. We will be meeting in the not too distant future for topics of mutual interest. The Prime Minister has got a big job ahead of him, but he will be able to do it and, of course, the U. We discussed North Sea Oil, Trade, the Military Alliance, Demining of the Hormuz Strait, and many... [Continue Reading]
Wall Street closes lower as Tesla, chips and tech lead a broad risk-off session
Executive summary: US stocks finished lower, with the S&P 500, Nasdaq Composite and Dow Jones all in the red as investors rotated away from high-beta tech and AI-linked names. Tesla, AI/chips stocks and the broader tech sector led declines, while oil, Apple, Microsoft and Bitcoin posted gains. The move came alongside firmer crude, softer gold and a mixed FX backdrop, underscoring a session shaped by sector rotation rather than a single market-wide catalyst. [Continue Reading]
Sponsored
US-Iran tensions push petrol and oil prices higher as Strait of Hormuz traffic thins
Average petrol prices in the United States have risen to $4.00 per gallon, marking a second straight week of increases as renewed tensions between the United States and Iran ripple through energy markets. Benchmark crude prices also moved higher before easing, with Brent reaching $91.42 and West Texas Intermediate touching $85.39 before retreating. The price moves come as concerns grow over tanker traffic through the Strait of Hormuz, one of the world's most important oil shipping routes.The latest market reaction follows the breakdown of the US-Iran ceasefire, according to the supplied material, and comes alongside threats affecting shipping in the... [Continue Reading]
Day News Recap: Iran conflict widens as deaths mount, UK gets new prime minister and markets turn risk off
The biggest escalation remained the conflict between the United States and Iran, with Washington saying it had carried out a ninth straight night of strikes while Tehran said mediators had relayed proposals to end the fighting and its foreign minister claimed talks were held under the threat of bombing. Iran's Revolutionary Guard warned the US it would receive an “unforgettable lesson”, and the supreme leader called for “sacred unity” as the confrontation deepened. 🔗 🔗 🔗 🔗 🔗Casualties linked to the wider conflict also rose. The Pentagon named two US soldiers killed in Jordan while defending against Iranian missile and... [Continue Reading]
Iran says mediators have relayed proposals as fighting with the United States continues
Iran says it has received proposals through mediators aimed at ending the renewed fighting with the United States, but it has not disclosed the contents of the offer. Foreign ministry spokesman Esmaeil Baghaei said in Tehran that the proposals had been passed on to Iranian officials, while declining to confirm whether they included a 10-day truce reported elsewhere. He said diplomatic efforts were moving alongside military developments, underscoring that talks and fighting are continuing in parallel.Baghaei also urged regional countries not to allow the United States to use their territory to launch or support attacks on Iran. His comments came... [Continue Reading]
U.S. and Iran trade strikes for ninth consecutive night as casualties rise
The United States said on Sunday that it had completed its ninth consecutive night of strikes against Iran, as the conflict continued to widen across the region. The latest phase of fighting follows the collapse of a ceasefire memorandum of understanding signed on June 17, after which hostilities resumed on July 7. The supplied reporting says the exchange has now spread beyond military sites to roads, bridges, power plants, bases and transport assets.The immediate trigger for the latest casualty update was the death of a U.S. service member in northern Iraq on Saturday during a controlled detonation of unexploded ordnance... [Continue Reading]
Sponsored
Wall Street Opens Mixed as Oil Jumps, Chips Slip and Bitcoin Extends Rebound
Executive summary: US markets opened with a split tone, as higher crude oil, firmer energy shares and a rebound in Bitcoin contrasted with weakness in AI and chip stocks, autos and several metals. The S&P 500 was little changed, while the Dow and Nasdaq slipped and small caps edged higher, suggesting investors are rotating rather than taking a broad risk-off stance. [Continue Reading]
Wall Street falls as investors weigh AI valuations and Middle East tensions
Wall Street ended the week lower on Friday as investors continued to reassess the value of artificial intelligence-linked stocks while also watching the worsening situation in the Middle East. The retreat extended a week-long decline in US markets, with the S&P 500 falling 1.6% over the week. In contrast, European shares fell 0.7% and the Australian market slipped 0.1% over the same period.The pressure was most visible in the semiconductor and data memory sector, where the Philadelphia SE Semiconductor Index recorded its steepest weekly loss in more than a year. The index has fallen more than 18% so far in... [Continue Reading]
Iran's supreme leader urges 'sacred unity' amid escalating conflict with the US
A message attributed to Iran's supreme leader has called on Iranians to maintain "sacred unity" as fighting with the United States continues. The statement warned against "division, political disputes, and increases in social differences" and said the country's enemies should not see any sign of weakness. It comes after eight nights of renewed fighting between Iran and the US, according to the supplied report.The message was also framed against an internal political dispute over a memorandum of understanding with Washington that paused four months of fighting. The report says hardline supporters accused officials of treason over the deal, while President... [Continue Reading]
Iran missiles reported toward Jordan's Aqaba as US warns of credible threat
Israeli military officials said they had identified missiles launched from Iran toward the Jordanian city of Aqaba, adding a new layer to an already widening regional confrontation. The city lies close to the Jordan-Israel border and near the southern Israeli city of Eilat, making any missile activity there a matter of immediate concern for both countries. The report came after the United States warned its citizens to stay away from air and sea ports in Aqaba because of what it described as a specific and credible threat.The warning was issued by the US Embassy in Amman on Sunday afternoon local... [Continue Reading]
Sponsored
Breakfast News Recap: Kyiv hit by Russian missiles as US and Iran trade fresh strikes
Russian missiles struck Kyiv and the surrounding region early on 19 July, killing at least one person and wounding 13 others, with fires breaking out across the capital and damage reported in several districts. 🔗The wider Middle East conflict escalated further as the United States launched another round of air strikes against Iran, extending its campaign to an eighth consecutive day, while separate reports said fresh US strikes were ordered at President Donald Trump's direction. 🔗 🔗Tensions around the Gulf also deepened after the US reinforced a naval blockade on Iran's southern ports as pressure mounted around the Strait of... [Continue Reading]
Belgium approves ban on imports from Israeli settlements as EU remains deadlocked
Belgium has approved a ban on importing goods produced in Israeli settlements in the occupied Palestinian territories. The decision was taken at the federal government's final cabinet meeting before the summer break, according to the Belgian News Agency. It makes Belgium one of a small but growing number of European countries to act unilaterally on the issue.The move fulfils a commitment made last year amid concern over Israel's bombardment of Gaza and the scale of the death toll there. Belgian foreign minister Maxime Prevot had pressed EU counterparts earlier this week in Brussels for a bloc-wide ban, but ministers remain... [Continue Reading]
Wildfire smoke keeps air quality warnings in place across the US as fires continue to burn
Warnings of dangerous air quality are expected to remain in place across large parts of the United States as smoke from out-of-control wildfires in Ontario and Minnesota continues to drift east. The affected areas include the mid-Atlantic, the Northeast, the Midwest and the Great Lakes regions, with some places likely to see only temporary relief. Officials say the smoke plume is still shifting, leaving uncertainty over where the worst conditions will settle next.The National Weather Service said pockets of improvement may come from rain and thunderstorms in parts of the mid-Atlantic and Northeast, but those same storms could also bring... [Continue Reading]
Burnham to announce plans for new North Sea oil and gas drilling
Incoming prime minister Andy Burnham is expected to announce plans for new oil and gas drilling in the North Sea when he takes office on Monday. The move is set to form part of a wider package of policy measures as he prepares to take over from Sir Keir Starmer. The details of the drilling plans have not yet been made clear.The announcement comes against the backdrop of a long-running dispute inside Labour over energy policy. The party's 2024 manifesto pledged not to issue new licences, while honouring existing ones. That position has been defended by current Energy Secretary Ed... [Continue Reading]
Sponsored
Tanker seized off Yemen as suspected Somali piracy wave deepens
The seizure of the tanker off Yemen's Hadramawt coast has added to concerns about a renewed piracy threat in the Gulf of Aden. The vessel, identified as Astana, was reported seized about 26 nautical miles off the coast, while the UK Maritime Trade Operations centre said there had been an illegal boarding 65 nautical miles south of Mukalla. Early reports said the tanker was moving slowly southeast towards Somalia.Yemeni coastguard officials said the attack was carried out by suspected Somali pirates, and maritime authorities urged ships in the area to exercise caution. UKMTO said the vessel had been boarded by... [Continue Reading]
EU foreign policy chief visits naval mission in the Red Sea
EU foreign policy chief Kallas has visited the European Union naval mission operating in the Red Sea, according to a report published on 17 July. The visit comes as the waterway remains a strategically important shipping corridor and a focus of maritime security concerns. The report did not provide further operational details about the trip.The mission is part of the EU's wider effort to monitor and protect maritime traffic in the area. Kallas's presence with the naval mission underlines the political attention being given to the Red Sea route, which is closely watched because of its importance to international trade... [Continue Reading]
Sponsored
Germany deepens energy and strategic ties with Algeria during Tebboune visit
Germany has used a high-profile visit by Algerian President Abdelmadjid Tebboune to signal a broader push to strengthen energy and economic ties with Algiers. Tebboune was welcomed with military honours at Villa Borsig in Berlin, where German and Algerian officials held talks alongside a bilateral economic forum. The visit centred on energy security, industrial cooperation and supply-chain diversification, with both sides presenting the relationship as more than a narrow gas partnership.Officials said 30 agreements were signed between German and Algerian companies at the forum in Berlin. The deals covered hydrocarbons, renewables, energy transition, pharmaceuticals, manufacturing and advanced technology, while Chancellor... [Continue Reading]
Gulf states accelerate oil export alternatives as Hormuz disruption deepens
Oil-exporting states around the Gulf are moving faster to reduce their dependence on the Strait of Hormuz as renewed attacks on tankers and the wider US-Iran war disrupt one of the world's most important energy corridors. The latest reporting says the strait is closed again, commercial vessels have been struck while transiting the waterway, and governments are now planning more pipelines and even a new port to keep crude moving. The developments underline how quickly the conflict has turned a narrow shipping lane into a central pressure point for global energy supplies.The immediate concern is the scale of the traffic... [Continue Reading]
Russian strikes hit Ukrainian port infrastructure and vessels as deaths rise in Mykolaiv, Kherson and Odesa
Russian drone attacks hit port infrastructure in the southern Ukrainian city of Mykolaiv on Friday, damaging three foreign-registered vessels, according to local prosecutors. Officials said two Ukrainians were killed aboard one of the ships, while separate attacks in Kherson and Odesa also left people dead. The strikes came as Ukraine reported a fresh wave of maritime attacks in the Black Sea and the Sea of Azov.Local officials said a Russian drone attack in Kherson killed a woman and injured six other people, while an attack in Odesa killed a man. Serhii Lysak, head of the Odesa City Military Administration, said... [Continue Reading]
UN urges probe into deaths in Pakistan-administered Kashmir unrest
The United Nations human rights chief has called for an independent investigation into deadly unrest in Pakistan-administered Kashmir. Volker Turk urged Islamabad to carry out prompt, thorough and impartial inquiries into all civilian and security force deaths linked to the violence. The appeal comes as at least 31 people have been killed since last month, with tensions rising ahead of regional elections later this month.The unrest has centred on the Jammu Kashmir Joint Awami Action Committee, an umbrella group of traders and activists. The movement began with protests over rising food prices and utility tariffs, but the immediate dispute now... [Continue Reading]
Sponsored
Papua New Guinea to close Taiwan trade mission in Port Moresby to reassure China
Papua New Guinea has said it will close Taiwan's trade mission in its capital, Port Moresby, in a move that marks a sharp diplomatic shift in the Pacific. The government said Taiwan's presence was no longer recognised or required, and described the decision as part of an effort to deepen trust with Beijing. Officials also said the move reaffirms Papua New Guinea's commitment to the One China policy.Foreign Minister Justin Tkatchenko announced the decision on Thursday, saying it was a vital step in strengthening ties with China. He said Papua New Guinea had communicated with the Taipei office before the... [Continue Reading]
BIMSTEC security chiefs agree on joint action against terror and maritime threats in New Delhi
Security chiefs from BIMSTEC member states met in New Delhi on Thursday and agreed to deepen coordination on terrorism, organised crime and maritime security. The meeting was hosted by India's National Security Adviser Ajit Doval and brought together national security advisers and heads of delegations from the regional grouping. The discussions also covered cyber, energy and disaster-management cooperation, according to an official statement.The meeting endorsed new guiding principles for maritime law enforcement interactions at sea. It also adopted guidelines for the maritime component of humanitarian assistance and disaster relief, which officials said are intended to help member states carry out... [Continue Reading]
Iran's IRGC threatens Bab al-Mandeb shipping route in new escalation
Iran's Islamic Revolutionary Guard Corps has warned that the Bab al-Mandeb Strait could become its next front in the war with the United States. The warning points to the narrow waterway between the Red Sea and the Gulf of Aden, which is a vital route for global shipping. The threat raises the prospect of further disruption to maritime traffic in one of the world's most sensitive trade corridors.The warning was issued this week, according to the supplied material, and was framed as a possible move after earlier threats around the Strait of Hormuz. The IRGC said any action at Bab... [Continue Reading]
Iran says US strike near children's cancer hospital in Ahvaz forced evacuation of 211 patients
Iran has accused the United States of carrying out a strike near a children's cancer hospital in the southwestern city of Ahvaz, saying the blast was close enough to force an emergency evacuation. Iranian officials said 211 patients undergoing chemotherapy were moved from Shahid Baghaei Specialised Hospital after the attack. A doctor at the treatment centre said the explosion was intense and so close that staff initially thought the hospital itself had been hit.Iranian Foreign Ministry spokesperson Esmaeil Baghaei described the attack as a barbaric act and called it a cowardly war crime. In a post on X, he said... [Continue Reading]
Sponsored
Tankers in Strait of Hormuz described as 'highly targeted' as southern corridor is shut
Commercial tankers transiting the Strait of Hormuz in recent weeks were not random victims, but part of what shipping watchers described as a "highly, highly targeted" campaign, according to the supplied report. The latest disruption centres on the narrow waterway linking Gulf producers to global markets, where traffic has already been choked by Iranian action. The report says the pressure has now extended to the southern corridor, a route that hugs the Omani coastline and had been used as an alternative for oil and gas shipments.The supplied material says Iran decided last week to shut down that southern route as... [Continue Reading]
Former motorway boss sentenced to 12 years over Genoa bridge collapse
An Italian court has sentenced Giovanni Castellucci, the former chief executive of Autostrade per l'Italia, to 12 years in prison over the 2018 Morandi Bridge collapse in Genoa. The ruling came in a packed courtroom in the north-western city, where relatives of victims, lawyers, journalists and members of the public gathered to hear the verdicts. The case concerns one of the deadliest infrastructure disasters in modern Italian history, in which 43 people were killed.Castellucci received the longest sentence in the case and was convicted of complicity in multiple counts of manslaughter through negligence. In total, 32 people were convicted and... [Continue Reading]
United States to impose 25% tariffs on thousands of Brazilian imports from July 22
The United States is set to impose 25% duties on thousands of Brazilian imports, with the measures due to take effect on 22 July. The new tariffs cover a wide range of goods, including sugar, apparel, paper and steel. They were announced as Washington moves ahead with a revised trade strategy under Section 301 of US trade law.The announcement was made late on Wednesday by the US trade representative. Section 301 allows the United States to investigate what it considers unfair trade practices and then impose levies in response. The tariffs were proposed last month and are now moving toward... [Continue Reading]
Report says Trump promoted companies after buying their stocks, raising conflict questions
A report has raised fresh questions about possible conflicts of interest involving US President Donald Trump and companies whose shares were bought by his investment portfolio. According to the investigation, Trump later promoted some of those firms on Truth Social, including Nvidia, after his portfolio had already acquired stakes in them. The report said the pattern has prompted scrutiny over whether his public comments and policy actions could have benefited holdings in his portfolio.The investigation said Trump posted on 15 April 2025 that Nvidia had committed $500 billion to build AI supercomputers in the United States and that permits would... [Continue Reading]
Sponsored
Uganda discharges last Ebola patient and begins 42-day countdown to outbreak end
Uganda has discharged its last confirmed Ebola patient from an isolation centre at Mulago national referral hospital in Kampala, marking a key step in the country's response to the outbreak. The discharge on Thursday triggered a 42-day countdown before the outbreak can be officially declared over, provided no new infections are detected. Officials say the move also strengthens their case for countries to lift travel restrictions linked to the outbreak.The patient discharged was a Congolese national, according to the information provided by the health ministry. Uganda's health minister, Chris Baryomunsi, said the country was still not Ebola-free and that it... [Continue Reading]
India tells shipping firms to avoid deploying Indian seafarers on vessels transiting the Strait of Hormuz
India's maritime administration has directed shipping companies to avoid deploying Indian seafarers on vessels travelling through the Strait of Hormuz. The advisory was issued on Wednesday through DGMA Circular No. 36 of 2026, according to an official statement from the Directorate General of Shipping. It applies to ship owners, ship managers and recruitment firms, and remains in force until further orders.The circular cites a heightened security situation in the Gulf region as the reason for the instruction. It specifically asks firms to avoid placing Indian seafarers on vessels undertaking voyages through the Strait of Hormuz. No further operational details were... [Continue Reading]
US disables tanker in Arabian Gulf during Iran blockade enforcement
The United States said its forces disabled a Curacao-flagged oil tanker in the Arabian Gulf after the vessel ignored repeated warnings and continued toward an Iranian port. According to US Central Command, the unladen M/T Belma was transiting international waters toward Kharg Island when it was stopped. The vessel was hit after a US aircraft fired Hellfire missiles into its smokestack, CENTCOM said.CENTCOM said the tanker had attempted to violate what it described as a US blockade. In a statement posted on social media, the command said the ship was no longer transiting to Iran after the strike. It also... [Continue Reading]
Iran frees US-Iranian citizen Dena Karari amid renewed hostilities with Washington
Iran has allowed US-Iranian citizen Dena Karari to leave the country after she was detained there since December 2024, according to her lawyer and comments from the US president. The release comes as tensions between Washington and Tehran have risen again, with fresh US strikes on Iran reported in the supporting material. Karari is now outside Iran and is understood to be travelling back to the United States.US President Donald Trump publicly praised the move as a gesture of goodwill, saying the woman was in good condition and had safely left Iran. He did not name her in his initial... [Continue Reading]
French PM Lecornu's Morocco visit advances diplomatic reset
French Prime Minister Sebastien Lecornu has begun his first official foreign visit in Morocco, in a two-day trip that runs from July 15 to 16. The visit is being used to deepen the recent rapprochement between Paris and Rabat into a broader strategic partnership. It comes after France recognised Moroccan sovereignty over Western Sahara in 2024, a move that ended years of diplomatic ambiguity.Lecornu is travelling with about a dozen ministers, according to the supplied report, and the talks are covering defence, security, economic cooperation and investment. The visit is taking place in Rabat and is being presented as a... [Continue Reading]
India-UK trade deal and social security pact come into force
India and the United Kingdom have brought into force their Comprehensive Economic and Trade Agreement, alongside a separate social security arrangement, in a move both sides say will deepen economic ties. The agreements took effect on Wednesday and are expected to change tariff treatment on a large share of goods traded between the two countries. Prime Minister Narendra Modi described the step as a significant moment in the bilateral partnership.Under the trade pact, 99% of Indian goods entering the UK and 90% of UK goods entering India will either be duty-free or face reduced tariffs. The parallel Agreement on Social... [Continue Reading]
Sponsored
Businesses claw back tariff refunds after Trump tariffs ruled unlawful
Businesses around the world are receiving refunds of tariffs paid to the United States after Donald Trump's so-called liberation day tariffs were ruled unlawful. The refunds are being issued after the April 2025 measures triggered a sharp rise in import costs for companies selling into the US market. One Australian brand, Nashie, says it has already received a six-figure refund that included interest.Oxford Economics estimates that about US$80 billion in tariffs has been refunded since May, with interest paid at rates of up to 7%. The firm says the same amount is expected to be refunded again over the next... [Continue Reading]
EU and UK sign Gibraltar treaty as border checks are lifted
The European Union and Britain have formally signed a treaty on Gibraltar that is intended to end border checks between the territory and Spain. The agreement was signed in Brussels on Tuesday and is due to take effect from Wednesday, allowing thousands of people who cross the land border each day to do so without a physical checkpoint. It is being presented as a way to provide economic and trade certainty while preserving British sovereignty and the operation of UK military facilities.Under the new arrangements, Gibraltar residents will be able to cross into Spain using residence cards without passport stamps,... [Continue Reading]
IMF warns oil buffers are running low after Hormuz disruption
The International Monetary Fund has warned that depleted oil reserves have left the global economy more exposed after the latest disruption to the Strait of Hormuz. The warning comes as oil prices have risen by more than 10% following the most recent closure of the waterway. The IMF said the world was spared a more severe shock because of large reserves, but that those buffers are now running low.In a note cited in the supplied material, the fund said lower oil consumption in Asia and higher production outside the Gulf helped absorb part of the price shock. It said global... [Continue Reading]
Sydney LGBTQ+ arts venue faces eviction threat after landlord orders it to stop 'offensive trade'
A former church turned queer-friendly arts venue in Sydney is facing possible eviction after its landlord issued a breach notice and ordered it to stop operating as an "offensive trade". The venue, Divine Playhouse, has already been forced to close and cancel planned events while its organisers consider legal action. The dispute follows protests by religious groups over the venue's opening night.The notice was issued to the venue's organisers, Heaps Gay Events, and named the landlord as commercial property group KCSYD Pty Ltd. Lawyers acting for the landlord said the trade had "insulted and mocked the sincerely held religious beliefs... [Continue Reading]
Ireland investigates Russian-owned Aughinish Alumina over possible military supply links
Ireland's Department of Enterprise is investigating whether Russian-owned Aughinish Alumina is making products that end up in Russian military equipment. The refinery, based in west Limerick, is at the centre of concern because of its role in the local economy and the possible implications of any sanctions or other measures that could follow. The case has prompted uncertainty in the area as residents and businesses weigh the risk of disruption against the wider political context.According to the information provided, the refinery has around 1,000 workers in its supply chain and about 900 more in the wider economy. That scale helps... [Continue Reading]
US opens safeguard review of lamb imports, including Australian supply
The United States International Trade Commission has opened a global safeguard investigation into lamb imports, a move that could affect shipments from Australia, the largest supplier to the US market. The review is examining whether imported lamb meat is threatening the domestic industry and whether additional tariffs should be imposed. The investigation was formally requested on 13 July by Ambassador Jamieson Greer.The case follows an October 2025 petition from the American Sheep Industry Association, which argued that imported lamb was being sold at lower prices, displacing local production and reducing profitability for US farmers. According to the supplied material, most... [Continue Reading]
Indian seafarer confirmed dead after attack on GFS Galaxy off Oman coast
The Indian crew member who had been reported missing after an attack on the commercial vessel GFS Galaxy off the coast of Oman has now been confirmed dead. The confirmation came from the seafarer's family, according to the supplied report, after earlier accounts said one Indian national remained unaccounted for. The vessel had 11 Indian nationals on board when it came under attack, and 10 were rescued.India's Ministry of External Affairs said at the time that it condemned the attack on the vessel and that its embassy in Oman was closely monitoring the situation. It said it was coordinating with... [Continue Reading]
US Senate revises Russia sanctions bill to soften tariffs on India and China
US senators have introduced a revised Russia sanctions bill that would ease proposed tariff measures aimed at major buyers of Russian oil and gas, while keeping broader pressure on Moscow. The legislation was first tabled in April 2025 and has now been updated as lawmakers seek to move it forward with bipartisan backing. It comes as the United States continues to weigh how to punish Russia over its energy revenues without sharply widening the economic impact on other countries.Under the revised proposal, the maximum tariff on the five largest buyers of Russian oil and natural gas would be cut to... [Continue Reading]
China Q2 growth slows sharply and misses target as domestic demand weakens
China's economy grew by 4.3% in the second quarter of the year, official figures showed, marking a sharp slowdown from the 5% expansion recorded in the first quarter. The result fell below Beijing's annual growth target and came as weak domestic demand and the impact of the Iran war on oil prices weighed on activity. The data covers the period from the start of April to the end of June and is the first full quarter since the war began on 28 February.The figures were released alongside other indicators suggesting a mixed picture for the world's second-largest economy. Exports rose... [Continue Reading]
Oil prices rise again as US reimposes naval blockade on Iranian ports
Oil prices rose again after the United States reimposed a naval blockade on Iranian ports, adding to pressure on energy markets and shipping routes in the Gulf. The move also came after Donald Trump abandoned plans to charge ships a 20% protection fee for crossing the Strait of Hormuz. The Strait is one of the world's most important maritime chokepoints, so any change in access or security there can quickly affect trade and prices.The latest market reaction followed a jump of more than 10% in crude prices the previous day, with Brent futures later trading higher again. By 7:55am AEST,... [Continue Reading]
Fear the Shia, Arm the Sunnis: The Uncomfortable Numbers Behind America’s War Narrative
“When fear is managed carefully enough, a nation can be taught to look away from the blood on the floor and stare instead at the shadow on the wall.” A friend of mine, whose name I will not reveal because he asked me not to, sat across from me over dinner and placed a question on the table that would not leave me alone. He was born into a Muslim Shia background, and for the angle of this article, that detail matters, not because I wish to reduce a man to a sect, but because sect has become one of... [Continue Reading]
The Great Uncoupling: Abu Dhabi’s Sovereign Gambit
The UAE’s decision to cut ties with OPEC is far more than a mere adjustment of energy policy, for it functions as a political telegram written in barrels and sent directly to the heart of the global order. For nearly six decades, Abu Dhabi operated within the rigid architecture of producer discipline, where it accepted the rituals of quotas, the formality of communiqués, and the heavy burden of collective restraint. It played the long game of oil diplomacy with a patient hand, balancing its own massive national ambitions against the gravity of cartel discipline and the delicate logic of Gulf... [Continue Reading]
The Glass Elevator to Nowhere: A World Trapped in a Chocolate Factory
As a journalist in my mid-fifties, I thought my skin had thickened to the point of being impenetrable. I have covered the rise and fall of regimes, the grinding gears of the Cold War's leftovers, and the digital revolutions that promised to unite us. I thought I had seen every trick in the political playbook. Then came Donald Trump’s 2026 foreign policy, and I realized I was not watching a statesman; I was watching a child play with a chemistry set he does not understand. The Willy Wonka of the West: Rule by Whim Walking into a press briefing lately... [Continue Reading]
The Madness of Power, From Balfour to the Edge of World War Three
A Voice in the Wilderness of War: Who Still Dares to Speak Truth While Empires March There are moments in history when the world suddenly accelerates toward disaster, moments when anyone who has studied history can feel the temperature rising even before the explosions reach their peak. The current escalation in the Middle East is one of those moments. According to the facts we now see unfolding, the United States and Israel made the unilateral decision to attack Iran without the approval of the United Nations, without a global coalition mandate, and without the support of most of the international... [Continue Reading]
The Proving Ground, When “Decent” Reporting Meets High-Tech Warfare
For two decades I have watched wars unfold not only on battlefields, but on screens. Today’s incident over Kuwait, involving the downing of a U.S. F-15 Strike Eagle, is not just another headline in the Iran conflict. It may be a signal that something larger is unfolding behind the noise. Iranian state outlets rapidly circulated imagery of an ejected pilot. Washington responded cautiously. But beneath the spectacle lies a deeper question, whose technology was truly being tested? The Gulf as a live-fire laboratory For years, China has refined export-ready variants of its air defense systems, particularly the HQ-9 family and... [Continue Reading]






