Breakfast News Recap: Trump says Iran talks are under way as Gaza, Hormuz and markets stay in focus

Donald Trump said talks with Iran were continuing and warned Tehran it faced a final chance over the nuclear issue and the Strait of Hormuz, even as Iranian officials denied wanting to widen the conflict and said they would defend the country if needed. The mixed messages have deepened uncertainty over diplomacy and regional security.  🔗  🔗

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That uncertainty was sharpened after a cargo vessel was struck by an unknown projectile in the Strait of Hormuz off Oman, with separate reports again highlighting the risk to shipping in the waterway. The incident comes as the US and Iran trade conflicting claims over whether negotiations are actually under way.  🔗  🔗

In Gaza, the US led Board of Peace said Israeli forces will not withdraw beyond the Yellow Line until Hamas has completed disarmament, while a Trump backed Peace Council pressed Israel to halt its strikes after meeting Benjamin Netanyahu in Jerusalem. The statements point to continued pressure on both sides of the ceasefire and post war plan.  🔗  🔗

Ukraine said its drones hit targets inside Russia again, with Russian officials reporting at least six deaths, nine injuries and warehouse fires in several regions. The attacks underline the continuing cross border strike campaign despite the wider focus on the Middle East.  🔗

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In the United States, authorities are investigating possible Iranian linked cyberattacks on water systems in Minnesota and six other states after reports of disrupted operations. Separately, 25 states have sued the Trump administration in New York to block tariffs on 60 trading partners, arguing the measures are unlawful.  🔗  🔗

Trump’s domestic standing also came under pressure, with a Reuters/Ipsos poll putting his approval rating at 35% and showing 63% disapproval as economic ratings weakened. In another legal and political flashpoint, the US drew global criticism after senior leaders vowed to dismantle the International Criminal Court.  🔗  🔗

Elsewhere in the Americas, a federal jury in Fort Pierce convicted a Honduran national in a South Florida firearms trafficking case, while an active duty member at Tyndall Air Force Base in Pensacola agreed to settle civil allegations over a fraudulent PPP loan. In Guatemala, authorities raised the alert level after Fuego volcano erupted and forced evacuations from nearby villages.  🔗  🔗  🔗

In Asia, Japan’s prime minister visited quake hit areas in Kumamoto as recovery work was hampered by extreme heat and water shortages. The visit came as local authorities struggled to keep relief efforts moving in difficult conditions.  🔗

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In Europe, France condemned Reform UK’s plan to use the Royal Navy to return Channel migrants to France if it wins power, adding to the political row over migration policy.  🔗

Financial glimpse

Wall Street closed broadly higher, with the Nasdaq Composite and S&P 500 near record highs as megacap tech led gains, while oil slid and gold firmed. Apple lagged the wider advance.  🔗

Asia Pacific opened and then finished sharply higher, led by a surge in Japan’s Nikkei 225 and strong gains in South Korea and Hong Kong, while oil fell and the yen strengthened.  🔗  🔗

European equities opened higher, with the Euro Stoxx 50, DAX and CAC 40 all rising more than 2%, as Brent crude dropped and the euro and sterling firmed.  🔗

Sources in this recap

360LiveNews Recap 360LiveNews Recap | 04 Aug 2026 08:42 LONDON
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