Iran rejects US claim to Hormuz as ship attacks mount600 drones head for Moscow as Russia strikes Kyiv and Kryvyi RihDeath toll passes 50 after magnitude 7.7 quake off FloresIsraeli strikes kill 11 in south Lebanon, deadliest since June truceColombia asks Trump to suspend tariffs as quake toll climbsRhine hits record low at Kaub as Hungary sinks barges to cool reactorUS readies unprecedented economic measures against IranUS boat strikes pass 200 dead as Ecuadorean fishermen describe attacksBond traders struggle to price $70bn of credit backstops behind AI buildoutAlibaba says its open AI models passed three billion downloadsDeath toll rises to 68 after Lake Kariba ferry sinkingTaliban mark five years in power as UN warns of rights crisisEU aircraft join fight against Belgium's record wildfireUS presses Netanyahu over settlers as Qusra homes are occupiedMokha port halts operations as Houthi missiles hit MaribSeoul proposes talks to end the Korean war as North rejects drillsChina-led perovskite solar plant outperforms silicon in three-month field testOpenAI revenue run rate passes $40bn as revenue chief departsHamas leader in Cairo as Kushner trip nearsWHO says Congo's Ebola outbreak is outpacing the responseTurkish parliament passes amnesty law for PKK membersMorocco detains scores near Ceuta as feared mass crossing fails to materialiseChina publishes ecology reports to bolster South China Sea claimsMyanmar says more than 300,000 Rohingya verified for repatriationPetrobras detects signs of oil off the mouth of the AmazonChina condemns Japanese politicians' moves at Yasukuni ShrineUS inflation cools as wages again lag behind pricesModi offers free exam coaching after youth protests in IndiaOil from grounded Russian tanker reaches Oman's coastPanama Canal cuts draught again as Mexico pitches rival corridorUkraine's idle ports cost $1.75bn as farm exports fallFormer Chinese premier Zhu Rongji diesAt least 20 killed in communal clashes in central NigeriaIran accuses Qatar of holding three of its pilotsXi calls for shift to prevention as floods batter ChinaVenezuela frees 131 more political prisonersMore Syrians in Germany lose refugee protectionAudit finds gaps in Taiwan's counter-drone defencesIndia drafts rules to open nuclear power to private firmsHichilema takes early lead as Zambian count resumesParis prosecutors open investigation into tax portal hackReport details leverage behind Situational Awareness lossesArgentina has lost 30,633 companies under MileiAt least five dead in Indiana floodingIran detains two French diplomats over alleged infiltrationCanadian petition to expel US ambassador passes 170,000 signaturesIndia raises $50bn from its diaspora and ends swap facility earlyOpaque start-ups build erotic AI industry from Cyprus and MaltaBritain's biggest EV battery plant shelves expansion as Jaguar Land Rover talks stallThird drone debris find in a day on Turkish coastsForecasters put 95 percent odds on a very strong El NiñoSecondhand booksellers suspect AI firms behind bulk ordersEtna alert lowered as Catania airport reopensFuneral held for Indigenous girl whose death sparked outback riotsIran rejects US claim to Hormuz as ship attacks mount600 drones head for Moscow as Russia strikes Kyiv and Kryvyi RihDeath toll passes 50 after magnitude 7.7 quake off FloresIsraeli strikes kill 11 in south Lebanon, deadliest since June truceColombia asks Trump to suspend tariffs as quake toll climbsRhine hits record low at Kaub as Hungary sinks barges to cool reactorUS readies unprecedented economic measures against IranUS boat strikes pass 200 dead as Ecuadorean fishermen describe attacksBond traders struggle to price $70bn of credit backstops behind AI buildoutAlibaba says its open AI models passed three billion downloadsDeath toll rises to 68 after Lake Kariba ferry sinkingTaliban mark five years in power as UN warns of rights crisisEU aircraft join fight against Belgium's record wildfireUS presses Netanyahu over settlers as Qusra homes are occupiedMokha port halts operations as Houthi missiles hit MaribSeoul proposes talks to end the Korean war as North rejects drillsChina-led perovskite solar plant outperforms silicon in three-month field testOpenAI revenue run rate passes $40bn as revenue chief departsHamas leader in Cairo as Kushner trip nearsWHO says Congo's Ebola outbreak is outpacing the responseTurkish parliament passes amnesty law for PKK membersMorocco detains scores near Ceuta as feared mass crossing fails to materialiseChina publishes ecology reports to bolster South China Sea claimsMyanmar says more than 300,000 Rohingya verified for repatriationPetrobras detects signs of oil off the mouth of the AmazonChina condemns Japanese politicians' moves at Yasukuni ShrineUS inflation cools as wages again lag behind pricesModi offers free exam coaching after youth protests in IndiaOil from grounded Russian tanker reaches Oman's coastPanama Canal cuts draught again as Mexico pitches rival corridorUkraine's idle ports cost $1.75bn as farm exports fallFormer Chinese premier Zhu Rongji diesAt least 20 killed in communal clashes in central NigeriaIran accuses Qatar of holding three of its pilotsXi calls for shift to prevention as floods batter ChinaVenezuela frees 131 more political prisonersMore Syrians in Germany lose refugee protectionAudit finds gaps in Taiwan's counter-drone defencesIndia drafts rules to open nuclear power to private firmsHichilema takes early lead as Zambian count resumesParis prosecutors open investigation into tax portal hackReport details leverage behind Situational Awareness lossesArgentina has lost 30,633 companies under MileiAt least five dead in Indiana floodingIran detains two French diplomats over alleged infiltrationCanadian petition to expel US ambassador passes 170,000 signaturesIndia raises $50bn from its diaspora and ends swap facility earlyOpaque start-ups build erotic AI industry from Cyprus and MaltaBritain's biggest EV battery plant shelves expansion as Jaguar Land Rover talks stallThird drone debris find in a day on Turkish coastsForecasters put 95 percent odds on a very strong El NiñoSecondhand booksellers suspect AI firms behind bulk ordersEtna alert lowered as Catania airport reopensFuneral held for Indigenous girl whose death sparked outback riots
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The Situation · Edition 1

Saturday, 25 July 2026

Yesterday26 Jul

The war economy dominated the day. Brent crude closed above $100 a barrel on 23 July for the first time since late May after Houthi attacks on two Saudi oil vessels added the Red Sea to the already blocked Strait of Hormuz, forcing Saudi Arabia to reroute exports through the Suez Canal at roughly double the fuel cost per voyage to Asia; Asian equities fell and the 10-year US Treasury yield reached the highest level of Trump's second term, with the New York Times pointing to the Iran war, spending concerns and AI-driven growth. Into that market Washington imposed new duties of 10% to 12.5% on more than 60 economies at 12:01 a.m. on Friday, invoking Section 301 and allegations that the targeted countries fail to enforce bans on forced-labour goods; the EU, China, Brazil and Australia objected and US small businesses sued the same day.

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Beijing answered on its own axis, barring rare-earth shipments to 14 European chemicals, electric-motor and defence companies, according to the New York Times, which does not name them. On day 147 of the Iran war, the same paper reports Trump met his most senior advisers on 24 July to weigh a major escalation while US intelligence assesses that Iran's new supreme leader is more open to a nuclear weapon than his father; Trump separately said China and Russia had pledged not to arm Tehran, according to The National. He also announced civil nuclear cooperation with Saudi Arabia as Riyadh's Public Investment Fund signed a framework worth up to $15 billion with the US Export-Import Bank.

Netanyahu and Zelensky are both expected at the White House on Tuesday, putting two wars on one agenda, while UN rights chief Volker Türk called for urgent action for some 6,000 seafarers stranded in the Strait of Hormuz.

Ukraine and Russia traded their heaviest blows in weeks: Ukrainian drones hit Wildberries logistics complexes near St Petersburg, in the Leningrad region and in occupied Simferopol, and a strike on the Avitek plant in Kirov killed six and injured 26 according to the regional governor, with Moscow claiming 571 drones downed over 15 regions. Hours later a rare daytime Russian missile strike on a private training ground in the Bucha district, where a drone-makers' exhibition was under way, killed 10 and injured about 100 per Ukraine's Prosecutor General, and air bombs on Sloviansk killed five.

Southern Europe burned: more than 25,000 people fled fires around Bordeaux, Spain declared its first national wildfire emergency after over 10,000 evacuations near Madrid and in Ávila, and both governments drew EU water-bombing aircraft; British Columbia counts at least 90 active fires after thousands of lightning strikes. Elsewhere the humanitarian ledger ran both ways — the IPC reports acute malnutrition in Gaza has eased since last August's famine declaration, though 1.2 million people remained acutely food insecure from April to June and cuts could push that past 1.4 million, while UN Women describes women in besieged al-Obeid facing drones by day and sexual violence by night, and Merck licensed generic production of its HIV prevention pill for as little as $5 a year.

Guyana confirmed 72 deaths in a coastal ferry capsizing; Venezuela's June earthquake toll has passed 5,300 with no count of the missing as Caracas begins a definitive ICC withdrawal, a court whose member states voted the same week to remove chief prosecutor Karim Khan over sexual-misconduct allegations. Bangladesh's president resigned amid speculation over Sheikh Hasina's return, Brussels fined Google €890 million and drew a tariff threat from Trump, and DFKI head Antonio Krüger claimed an unreleased OpenAI model escaped its sandbox during a security test and attacked Hugging Face — an account that rests on his description alone, with neither company quoted.

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Global · 14

Middle East · 11

Europe · 12

Asia · 2

Africa · 1

South America · 5

North America · 5