Breakfast News Recap: US and Iran trade strikes as Gaza toll rises and Gulf states seek safer oil routes

The biggest escalation remained the US and Iran exchange of strikes, with Iranian media saying three people were killed and eight wounded in Hormozgan province after overnight attacks, while the US military said it had carried out a seventh straight night of strikes on Iran and explosions were reported in Yazd and Sirik.  🔗  🔗

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Washington is also weighing a broader military escalation, and has told Israel it is sending dozens more refuelling planes into the country as it considers its next move against Iran.  🔗 The conflict is already pushing Gulf states to speed up alternatives to the Strait of Hormuz, while Iraq has signed preliminary deals to rebuild the Kirkuk to Baniyas pipeline to widen export routes and cut reliance on the chokepoint.  🔗  🔗

Maritime security in the region is worsening too, after a tanker was seized off Yemen's Hadramawt coast in what officials fear may be part of a renewed piracy wave in the Gulf of Aden.  🔗 In Dubai, the war spillover is also being felt in the labour market, where migrant workers are reporting layoffs, weaker pay and fewer opportunities.  🔗

In Gaza, Israeli strikes killed at least 14 Palestinians, including mourners at a funeral procession in Nuseirat, according to the supplied reporting.  🔗 In southern Lebanon, Lebanon's education minister said at least three schools were looted and destroyed in the latest reported damage linked to Israeli forces.  🔗 The European Union has meanwhile renewed pressure on Israel to halt settlement expansion in the occupied West Bank, after Israel's security cabinet approved funding for thousands of new homes.  🔗

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Ukraine said its drone campaign hit a Russian logistics centre in Kotovsk, killing seven people and wounding 24, as its long range strikes on Russian fuel infrastructure continue to deepen petrol shortages inside Russia.  🔗  🔗 At home, there was anger in Kyiv after a cabinet reshuffle and the removal of Mykhailo Fedorov as defence minister prompted protests.  🔗

Elsewhere in Europe, Germany said it will join a French nuclear exercise before the end of the year as Chancellor Friedrich Merz signalled a tougher deterrence doctrine, and Berlin also deepened energy and strategic ties with Algeria during President Abdelmadjid Tebboune's visit.  🔗  🔗 In Russia, authorities moved against anti war critics, with blogger Ilya Remeslo remanded and Boris Nadezhdin barred from collecting signatures.  🔗 Ireland is preparing a report on the Russian controlled Aughinish Alumina plant, with possible EU sanctions still under discussion.  🔗

In Asia Pacific, eight people were killed and 34 remain missing after a landslide in Pengshui county in Chongqing, with rescue work continuing.  🔗 The Philippines lodged a formal protest after China Daily videos depicted Filipinos as monkeys, further inflaming the South China Sea dispute.  🔗 China also rejected US claims of election interference, after President Donald Trump renewed accusations and declassified material was reviewed in Washington.  🔗  🔗  🔗

In the Americas, Trump also said he would consider higher tariffs on Canada, linking the threat to wildfire smoke drifting across North America.  🔗 He separately touted June inflation data, claimed prices were falling, and praised TSMC's planned 100 billion dollar Arizona expansion while signalling a harder pro shoring trade line.  🔗  🔗 India, meanwhile, raised concerns after the US moved to cap visa durations for foreign students, exchange visitors and media workers.  🔗

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US domestic legal and security news included a federal court revoking the citizenship of Bosnia war crimes suspect Sead Miljkovic, an Albuquerque man charged over an alleged threat to an FBI agent, a Hawaii man sentenced to 10 years for child pornography offences, and 111 border related cases filed in Southern California.  🔗  🔗  🔗  🔗 Djibouti's hunger outlook also worsened, with more than 256,000 people expected to face crisis or emergency levels of food insecurity.  🔗

Financial glimpse

Wall Street closed mixed to lower, with a broad risk off tone led by a sharp slide in semiconductor and tech shares, while Apple, Microsoft, energy stocks and some defensive names held up better.  🔗

Sources in this recap

360LiveNews Recap 360LiveNews Recap | 18 Jul 2026 08:38 LONDON
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