Iran war

The IMF has reduced its 2026 global economic growth forecast to 3 percent, citing the energy shock from the Iran war, though AI demand is helping to offset some of the negative impacts.

New attacks have raised questions about the future of the Iran war. President Donald Trump stated that he believes the ceasefire with Iran is over.

The Federal Reserve rate-setting committee kept its key rate unchanged in its last meeting, but members were divided over whether inflation will remain high or decrease after the Iran war subsides, according to released minutes.

Copenhagen remained the most livable city for the second consecutive year, while Chinese cities saw significant gains, with Fuzhou rising seven spots. Tokyo became the only megacity in the top 10, and Middle Eastern cities, including Oman's capital, fell sharply due to the Iran war's impact.

Used electric vehicles (EVs) have become 12% more expensive compared to June 2025, as indicated by the Manheim Used Vehicle Value Index. This increase occurs amid the Iran war and rising gas prices.

Airfares have increased by 15-20% despite a 35% drop in jet fuel prices since April, driven by strong demand and reduced competition after Spirit Airlines' bankruptcy. U.S. airline stocks like Delta and United reached record highs, while airfare prices are expected to remain elevated compared to last year.

The IMF forecasts 3% global economic growth in 2026, down from 3.5% in 2025, due to energy shocks from the Iran war but partially offset by AI and technology investments. The U.S. is expected to grow 2.3%, while the eurozone and China face slower expansion, and India remains the fastest-growing major economy at 6.4%.

A Qatari liquefied natural gas (LNG) tanker was at risk of exploding after sustaining significant damage in an attack near the Strait of Hormuz. While onshore LNG accidents have occurred, there has never been a catastrophic explosion of an LNG cargo tank on a commercial carrier at sea. Recent attacks on energy shipping vessels in the Ukraine and Iran wars have heightened concerns.

President Trump threatened to cut off all trade and tourism with Spain, citing Madrid's refusal to boost military spending and restrictions on US military operations during the Iran war. The statement was made in Ankara, Turkey.

Trump expresses being very upset with NATO over the Iran war and Greenland.

New Zealand has raised interest rates for the first time in three years. The Reserve Bank of New Zealand (RBNZ) anticipates further increases due to lingering effects from the Iran war energy shock.

U.S. airlines spent $6.66 billion on jet fuel in May 2026, an 84% increase from the same period in the previous year. The spending surge occurred amid the Iran war, which contributed to rising fuel costs.

Foreign investors are returning to India and China as both countries regain favor with global fund managers. India's easing energy prices and supportive monetary policies are attracting investors, while China's resilience during the Iran war and AI frenzy has created a niche as a volatility buffer. Concerns remain about China's slowing economy and India's weak monsoon.

The United States has launched fresh military strikes in response to Iranian attacks on vessels in the Strait of Hormuz. The strikes follow additional attacks by Iran in the strategically significant waterway, as reported by DW.

A poll shows 28% of Israelis believe Trump prioritizes Israel's security, a significant drop from 64% in March. Additionally, 38% of respondents think Israel is in a strategically better position than before the Iran war.

UAE-based Arada launched Arada Capital, a fund management arm aiming to raise $5 billion in four years, chaired by Prince Khaled bin Alwaleed. The fund will focus on Gulf real estate and later infrastructure, providing new capital amid cautious investor sentiment post-Iran war. Arada's project pipeline is valued at $35.4 billion across 11 projects in Australia, the UAE, and the UK.

U.S. President Donald Trump meets NATO leaders at a summit in Ankara, Turkey, where the alliance highlights increased defense spending and military projects to address his criticisms. The Netherlands announces new defense investments, including amphibious transport vessels and AWACS replacement, while Trump emphasizes loyalty from allies and criticizes their insufficient support during the Iran war.

U.S. President Donald Trump meets NATO leaders at a summit in Ankara, Turkey, as the alliance aims to demonstrate increased defense spending. Trump has criticized NATO's reliance on U.S. leadership and some allies' refusal to join the Iran war, while European members like the Netherlands announce new military investments.

President Trump meets NATO leaders at a summit in Ankara to address concerns about European defense spending and alliance cohesion. NATO members showcase military projects to demonstrate increased investment, while Trump criticizes allies for insufficient support during the Iran war and demands loyalty. The summit focuses on strengthening European defense amid shifting U.S. strategic priorities toward Asia.

UK house prices rose 0.2% in June to £299,330, the first increase since before the Iran war, according to the Lloyds house price index. This followed a 0.2% monthly decline in May, with annual growth rising to 0.6%.

President Trump will attend the annual NATO summit in Turkey amid tensions over defense spending and the war in Iran. He is set to meet allies he has criticized for insufficient support in these areas.

President Donald Trump claimed Walmart reduced prices at his administration’s request, but Walmart’s statement did not acknowledge government involvement. Trump attributed inflation to Democrats and tariffs, while Walmart cited seasonal factors for price cuts on items like ground beef and groceries.

President Donald Trump claimed Walmart cut prices at his request, but the retailer's statement did not mention the administration. The price cuts include ground beef and other products, as Walmart benefits from inflation under Trump's tenure.

President Donald Trump claimed Walmart cut prices at his administration's request, but the retailer's statement did not acknowledge the administration's involvement. Walmart announced price reductions for items like ground beef and other products, while Trump attributed inflation to Democrats and his tariffs, despite Walmart benefiting from consumer shifts during his term.

A potential Spain vs. US World Cup semifinal clash could occur if Spain beats Portugal and the U.S. defeats Belgium. President Donald Trump has criticized Spain’s military spending since January 2025, while Spain’s leader Pedro Sánchez has publicly disagreed with Trump over the Iran war and Gaza. The two nations also have divergent policies on energy and immigration.

Air Canada has halted and delayed several flight routes to U.S. destinations due to high jet fuel costs and reduced demand. WestJet and Air Transat also reduced summer flight capacity to the U.S. as the Iran war drove up fuel prices.

The UAE’s non-oil economy hit its weakest level in seven years in June, with the private sector PMI at 50.8, driven by weak demand, supply chain disruptions, and rising costs linked to the Iran war. While improved trade through the Strait of Hormuz eased some pressures, Saudi Arabia’s non-oil PMI rose to 53.3, while Kuwait and Qatar’s indices remained below 50.

DarGlobal's sales in Saudi Arabia and Spain are offsetting a Gulf property slowdown caused by the Iran war, with the company reporting strong demand for luxury residences in Jeddah and Riyadh. The developer, which partners with brands like Trump Organization and FENDI, is expanding its portfolio and plans to tokenize assets to improve liquidity.

The Iran War supplemental is increasing uncertainty regarding the FY27 budget. The situation highlights growing fiscal challenges linked to war-related expenditures.

NATO secretary-general Mark Rutte is working to maintain U.S. commitment to the alliance as President Donald Trump demands loyalty from NATO allies instead of focusing on defense spending. Trump criticized allies for not joining the Iran war and threatened to skip the summit unless it was hosted by Turkish President Recep Tayyip Erdogan.

The US has ended the search for a Navy pilot who was lost at sea after a helicopter crash during the Iran war. The Navy did not identify the service member involved in the incident.

OPEC+ has agreed in principle to increase oil production by 188,000 barrels per day. The United Arab Emirates will exit OPEC and its wider alliance, impacting the group and Saudi Arabia amid global oil supply disruptions linked to the Iran war.

NATO Secretary General Mark Rutte is working to maintain U.S. commitment to the alliance amid President Donald Trump's demands for loyalty and criticism of allies not joining his Iran war. Trump threatened to skip a NATO summit in Turkey unless it was hosted by President Recep Tayyip Erdogan, complicating efforts to address defense spending and military capabilities.

NATO Secretary-General Mark Rutte is working to maintain U.S. commitment to the alliance as President Donald Trump criticizes NATO allies for not supporting his Iran war and expresses dissatisfaction with their loyalty. The upcoming NATO summit in Turkey faces challenges amid Trump's threats to abandon the alliance and demands for greater military capabilities.

A performer at the funeral for Iran’s late Supreme Leader Ayatollah Ali Khamenei called for the death of U.S. President Donald Trump before a large crowd in Tehran. Mohammad Rasouli, a poet, made the remarks during the ceremony, which also included calls for 'Death to America!' and 'Death to Israel!' The event could strengthen Iran’s theocracy and its new leadership amid ongoing war-related negotiations.

Latin America has shifted toward right-wing and security-focused governments aligned with U.S. strategic interests, driven by regional instability, economic pressures, and U.S. policies like sanctions and military leverage. The Trump administration's actions in Cuba, Iran, and Bolivia are cited as catalysts, with voters prioritizing security over traditional political ideologies.

Consumer confidence in the U.S. remains below historical averages despite a slight monthly increase, while June hiring dropped to 57,000 jobs, the lowest in recent months. Inflation and high borrowing costs continue to impact economic sentiment, though mortgage rates fell to a seven-week low in June.

Trump is set to challenge NATO unity during a summit in Turkey. NATO Secretary-General Mark Rutte aims to maintain alliance cohesion amid disputes over burden sharing, US military commitments, and the Iran war.

NATO leaders will meet in Ankara to discuss challenges including Europe's security responsibilities and boosting defense production, while concerns about the Iran war may overshadow the summit. The alliance aims to focus on core defense and deterrence priorities.

President Trump criticized the US's one-sided relationship with NATO, calling it 'ridiculous' and stating that NATO members were not supportive during the Iran war. He made these comments ahead of a NATO summit in Ankara.