Breakfast News Recap: Middle East tensions ease, Europe hit by heat and tragedy, markets turn risk off

Breakfast News Recap: Middle East tensions ease, Europe hit by heat and tragedy, markets turn risk off

The United States and Iran have agreed to stand down for now after several days of fire exchanges near the Strait of Hormuz, while technical talks continue on ending the wider Middle East war.  🔗  🔗

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In Gaza, Israeli strikes killed at least four Palestinians, including a 13 year old girl, as attacks on tents and other sites continued in the north and south of the enclave.  🔗 Israel also carried out further strikes in southern Lebanon, including the destruction of what it described as a tunnel near the village of Aita al Shaab, as the new framework deal faces its first test.  🔗 Protests erupted in Beirut after Lebanon and Israel signed a United States brokered framework agreement, with demonstrators saying the deal does not guarantee a full Israeli withdrawal.  🔗

Pakistan said 29 militants were killed in a combined air and ground operation along the Afghan border after strikes into three Afghan provinces.  🔗 In eastern Democratic Republic of Congo, Kinshasa filed a case against Rwanda at the International Court of Justice, escalating the long running dispute over the conflict in the east.  🔗

Europe was shaken by a deadly heatwave and a separate aviation disaster. France's public health agency said at least 4,000 people died over three days during the peak of the record heatwave, a sharp upward revision that underlines the scale of the crisis.  🔗 In Tomblaine, eastern France, a skydiving aircraft crashed, killing all 11 people on board, including five instructors and six customers.  🔗

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Elsewhere in the Americas, officials in Venezuela said the earthquake death toll has risen to nearly 1,500 as the critical 72 hour rescue window closes and emergency teams race to find survivors.  🔗 In the United States, three firefighters were killed and two others injured when the Snyder Fire overran their position along the Colorado Utah border.  🔗

On the Russia Ukraine war, President Vladimir Putin acknowledged fuel shortages after repeated Ukrainian strikes on infrastructure, while Kyiv said its drones hit two Russian oil refineries overnight and Russian officials reported a fire at a major refinery in the Krasnodar region.  🔗  🔗

In the Asia Pacific, Australia and Vanuatu signed a sweeping economic and security deal in Canberra that bars any foreign military base on the Pacific island nation.  🔗 In India, the army plans to roll out its first Integrated Battle Groups next month near China facing corps as part of a wider force restructuring.  🔗 In Australia, Kira and Igor Korolev appeared in Brisbane Magistrates Court after prosecutors replaced an earlier espionage charge with a new allegation of conspiracy to commit espionage.  🔗

In the UK, the Ministry of Defence is planning to scrap work on a new destroyer replacement and instead build at least six hybrid warships designed to deploy drones.  🔗 Separately, police in west London launched a major criminal investigation after a vehicle ploughed into pedestrians in Ealing Broadway, with a driver arrested on suspicion of attempted murder.  🔗

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In the United States, Donald Trump said FIFA audience figures showed the country’s global pull and soft power, posting that the numbers were greater than any World Cup in history.  🔗

Financial glimpse

Asia Pacific markets were under heavy pressure, with Tokyo opening lower and South Korea’s Kospi and Hong Kong’s Hang Seng leading the sell off, while gold and palladium drew safe haven demand. [[M1]]

By the close, the region was mixed, with the Kospi down 7.6% and Japan’s Nikkei and Australia’s ASX 200 only modestly lower, while precious metals stayed firm. [[M2]]

Europe opened mixed, with the FTSE 100 and CAC 40 edging higher, the DAX and Euro Stoxx 50 slipping, autos under pressure and metals and gold rallying. [[M3]]

Sources in this recap

360LiveNews Recap 360LiveNews Recap | 29 Jun 2026 08:18 LONDON
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