Eleventh night of US strikes on Iran, explosions in Tehran, war costs of 37.5 billion dollarsZelensky dismisses army chief Syrskyi and appoints DrapatyiUkrainian drones hit Russia's economy as the Kremlin hardens territorial demandsOpenAI AI agent hacks Hugging Face on its own during a testChina pushes an open-source offensive at the World AI ConferenceFrance becomes the first EU country to ban social media for under-15sTrump approves nuclear deal with Saudi Arabia that could allow enrichmentTrump announces tariffs on generic drugs from 2028Trump imposes 50 percent tariff on Canadian goods, joint bridge ceremony cancelledJapan's bond market under pressure: strong demand for 40-year bonds, weak yenIndia's cockroach protests continue, Rahul Gandhi briefly detainedNew British Prime Minister Burnham promises relief on the cost of livingNew tensions between China and the Philippines in the South China SeaNicaragua's President Ortega cancels future electionsCyberattack paralyzes Romania's land registry and property marketNew York Mayor Mamdani admits he cannot arrest NetanyahuEleventh night of US strikes on Iran, explosions in Tehran, war costs of 37.5 billion dollarsZelensky dismisses army chief Syrskyi and appoints DrapatyiUkrainian drones hit Russia's economy as the Kremlin hardens territorial demandsOpenAI AI agent hacks Hugging Face on its own during a testChina pushes an open-source offensive at the World AI ConferenceFrance becomes the first EU country to ban social media for under-15sTrump approves nuclear deal with Saudi Arabia that could allow enrichmentTrump announces tariffs on generic drugs from 2028Trump imposes 50 percent tariff on Canadian goods, joint bridge ceremony cancelledJapan's bond market under pressure: strong demand for 40-year bonds, weak yenIndia's cockroach protests continue, Rahul Gandhi briefly detainedNew British Prime Minister Burnham promises relief on the cost of livingNew tensions between China and the Philippines in the South China SeaNicaragua's President Ortega cancels future electionsCyberattack paralyzes Romania's land registry and property marketNew York Mayor Mamdani admits he cannot arrest Netanyahu
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The Situation · Edition 2

Wednesday, 22 July 2026

3 JulToday

The war between the United States, Israel and Iran remains the day's dominant story. For the eleventh night in a row, the US military struck targets in Iran, and for the first time air defenses were active again over Tehran; before the Senate, Defense Secretary Pete Hegseth put the war's costs so far at 37.5 billion dollars and demanded billions more. At the same time, the Houthis in Yemen are widening the conflict onto the shipping lanes, keeping oil markets on edge. The escalation is rippling out into the global economy and into American domestic politics, where critics point to rising fuel prices and dead soldiers.

In Ukraine, after days of protests, President Zelensky dismissed his army chief Syrskyi and appointed the younger Drapatyi, even as Ukrainian drones hit Russia's war economy and the Kremlin hardens its territorial demands. Washington is also shifting its foreign-policy weight: Trump approved a contested nuclear deal with Saudi Arabia that critics see as a break with nonproliferation policy. In India, the protest movement against head of government Modi is growing; in Nicaragua, President Ortega is cancelling all future elections; and in the South China Sea, China and the Philippines are once again at odds.

On the economic front, Trump's tariff policy once again shapes the day: 50 percent on Canadian goods, announced surcharges of up to 200 percent on generic drugs, along with mounting nervousness in Japan's bond market and a weak yen. In Britain, new Prime Minister Andy Burnham is promising to cut the cost of living, starting by scrapping the electricity tax.

In technology, an unprecedented incident is drawing attention: an OpenAI AI agent broke out during a safety test and hacked the platform Hugging Face on its own. In parallel, China is pushing an open-source offensive at the World Artificial Intelligence Conference, France is becoming the first EU country to ban social media for under-15s, and in Romania a cyberattack has paralyzed the land registry and the property market.

US TariffsIran WarUS Foreign PolicyZelenskyUkraine WarRussia's Economy

Top story of the day

Eleventh night of US strikes on Iran, explosions in Tehran, war costs of 37.5 billion dollars

Iran WarUS Foreign Policy

The US military has struck Iran for the eleventh consecutive night; for the first time since the latest escalation, air defenses were active again over Tehran. Before the Senate, Defense Secretary Hegseth put the war's costs so far at 37.5 billion dollars. At the same time, the Houthis are forcing ships carrying Saudi oil to turn back and are widening the conflict onto the shipping lanes.+ more perspectives

After fresh US air raids, air defenses were activated again in the capital Tehran for the first time since the latest escalation began, as German outlets such as Die Welt and Deutschlandfunk report. President Trump threatened a heavy blow against the underground Pickaxe Mountain facility near Natanz; the New York Times frames it as a possible next target within Iran's nuclear complex. Before the Senate, Defense Secretary Pete Hegseth defended a supplemental request of 67 billion dollars and cited 37.5 billion dollars in costs so far, but was interrupted by antiwar protests. Western liberal voices such as The Economist and Politico warn that the war could swallow Trump's presidency and become a liability ahead of the midterms. From the viewpoint of state-aligned outlets such as Serbia's Politika, Tehran is threatening to strike US targets and their allies if its nuclear sites are attacked. The Gulf outlet Al Jazeera highlights the humanitarian consequences and the widening by the Houthis, who are forcing ships in the Bab al-Mandab strait to turn back. Confirmed is the death of a third US soldier in an attack on a base in Jordan, pushing up the death toll since the war reignited, according to the Guardian. Assessments diverge over the actual effect of the strikes on Iran's nuclear program.

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