US-Israeli war on Iran

Saudi Aramco's adjusted net income rose 33% to $33.4 billion in Q2 2024, driven by the US-Israeli war on Iran that inflated energy prices and its pipeline bypassing the Strait of Hormuz. The conflict led to higher Brent prices above $100 per barrel and disrupted shipments in Iraq, Kuwait, Bahrain, and Qatar.

The White House is expected to extend the Jones Act waiver to reduce gas prices amid the US-Israeli war on Iran. The waiver, which allows non-US ships to transport cargo between US ports, aims to alleviate shipping bottlenecks and lower transport costs. President Trump has criticized oil companies like Exxon Mobil and Chevron for profiting from rising prices.

Iraq exported less than a third of its pre-war oil levels through the Strait of Hormuz in July, according to maritime tracking firm Kpler. Pre-war exports averaged 105 million barrels per month, but only around 30 million barrels were recorded between 4 July and 4 August.

BP reported record profits of $5.73bn in Q2 2026 as oil prices rose due to disruptions in Gulf energy exports linked to the US-Israeli war on Iran. US President Donald Trump criticized major oil companies for 'making too much money' amid high prices.

Private schools in Sindh are permitted to set their own weekly working days, while public institutions must follow a six-day schedule from August 1. The Sindh Education Department clarified that the six-day directive applies only to public schools, exempting private institutions. The policy change follows earlier austerity measures introduced in March 2026 to address economic challenges linked to the US-Israeli war on Iran.

The Sindh government announced that schools and colleges in the province will transition to a six-day work week starting August 1, 2026, replacing a previous five-day schedule. The decision, issued by the Sindh Education and Literacy Department and the College Education Department, aims to implement austerity and fuel conservation measures amid the economic impact of the US-Israeli war on Iran and the Strait of Hormuz closure.

Oman presented Iran with a Gulf-backed plan to manage the Strait of Hormuz, including voluntary fees for its use, to address trade disruptions caused by the US-Israeli war on Iran. President Donald Trump mentioned ongoing 'good talks' with Iran.

Oman has secured support from Gulf states for a plan allowing Iran to collect voluntary fees at the Strait of Hormuz, aimed at resolving disruptions to oil trade caused by the U.S.-Israeli war on Iran.

New footage shows US Senator Lindsey Graham offering military support to Israeli Prime Minister Benjamin Netanyahu for Israel's war on Lebanon and rejoicing over the US-Israeli war on Iran. The clips are part of a documentary by British filmmaker Alex Holder, who documented Graham's interactions with leaders including Saudi Arabia's Crown Prince.

Britain’s new Prime Minister Andy Burnham stated he will prioritize Britain’s interests and avoid aligning with US President Donald Trump on issues like the US-Israeli war on Iran, immigration, energy, and tech regulation. His predecessor Keir Starmer had a strained relationship with Trump over these topics.

The article examines Senator Lindsey Graham's legacy, highlighting his consistent support for military interventions such as the Iraq War and the US-Israeli conflict in Gaza, contrasting his perceived folksy charm with his role in promoting US imperialist campaigns. It notes varied political reactions to his death, including praise for his affable image and criticism of his hawkish policies.

Russia’s state nuclear corporation Rosatom is sending six employees to Iran’s Bushehr nuclear power plant, according to RIA Novosti citing Rosatom CEO Alexei Likhachev. Rosatom previously evacuated hundreds of staff following the US-Israeli war on Iran.

Greece has announced temporary cuts to petrol and diesel prices until the end of August as the US-Israeli war on Iran strains household budgets across Europe. Prime Minister Kyriakos Mitsotakis stated that the two main oil refineries have agreed to reduce prices by 10 cents per litre for petrol and 5 cents per litre for diesel.

Foreign leaders and delegations from Iraq, Pakistan, Turkey, Saudi Arabia, and Russia attended a funeral ceremony for Ayatollah Ali Khamenei in Tehran. Khamenei was the Iranian Supreme Leader until his assassination at 86 on the first day of the US-Israeli war on Iran, which began on 28 February.

High security measures, including riot police and barricades, were in place at the Grand Mosalla complex in Tehran as crowds gathered for a 10-hour wait to view the remains of Iranian Supreme Leader Ayatollah Ali Khamenei, who was killed on 28 February by Israeli-US strikes. The funeral ceremonies, lasting six days until Monday, began with the remains lying in state day and night starting Saturday.

Israel's Haifa oil refineries sustained severe damage from Iranian missile strikes, requiring reconstruction until 2028. Officials initially downplayed the damage, but a report revealed extensive harm to gas turbines, electrical systems, and storage tanks. Three Bazan employees were killed during an attack in June 2025.

Traffic in the Strait of Hormuz remained steady on 1 July with 34 verified crossings, according to Kpler, and 42 transits reported by Windward AI on 2 July. Both figures are lower than the 70 transits recorded on 24 June, the highest since the US-Israeli war on Iran began. Pre-conflict levels averaged 130-140 daily ships.

French shipping company CMA CGM expects the Strait of Hormuz shipping situation to take months to return to normal after vessels became stuck in the Gulf following the US-Israeli war on Iran. The strait, a critical route for 20% of global oil in peacetime, remains disrupted.

Indian seafarers are dying and stranded in the Strait of Hormuz amid the US-Israeli war on Iran. Three Indian crew members, including Patnala Suresh, were killed when a US military strike hit the MT Settebello tanker, which US authorities claimed failed to comply with instructions. Over 40 commercial vessels have been attacked since the conflict began on 28 February.

Gulf stock markets closed lower as oil prices fell to pre-war levels due to a preliminary US-Iran agreement expected to reopen the Strait of Hormuz. The decline in oil prices was driven by expectations of increased Middle East supply outweighing demand concerns.

Iraq, a founding OPEC member, has urged the organization to increase its oil production quota due to industry damage from past conflicts and the recent US-Israeli war on Iran. The oil ministry emphasized the need to reassess production baselines to align with Iraq's sustainable capacity and unique security-economic circumstances.

US President Donald Trump criticized European allies including Italy, the United Kingdom, Germany, France, and Spain for lacking support during the US-Israeli war on Iran. He expressed disappointment with these countries and described Spain as 'a horror show' for refusing to allow US military use of its bases.

Brent crude, the global oil benchmark, fell below $75 a barrel for the first time since before the US-Israeli war on Iran began. The price dropped to $74.80 per barrel at 12:34 GMT on Tuesday, marking the first time below $75 since 27 February, as markets responded positively to progress in negotiations between Washington and Tehran.

The US embassy in Kuwait has resumed operations after services were suspended following Iranian drone attacks earlier this year. Emergency services for US citizens will restart immediately, while other consular services will be restored in phases.

The IMF warns that instability in the Middle East, caused by the US-Israeli war on Iran, could have lasting economic impacts on Africa, particularly affecting food security and agricultural costs. IMF's new Africa director, Zeine Zeidane, stated that disruptions in fertilizer exports may take six to seven months to resolve.

Turkish President Recep Tayyip Erdogan informed Iranian President Masoud Pezeshkian that Turkey supports the US-Iran agreement to end the US-Israeli war on Iran. Erdogan emphasized vigilance against attempts to undermine the negotiations and offered Turkey's support for the diplomatic process.

Commercial shipping through the Strait of Hormuz remains below pre-war levels, with 71 confirmed transits over the weekend compared to 100-130 daily vessels before the US-Israeli war on Iran. The main central shipping channel is mined and closed, forcing vessels to use the northern route through Iranian territorial waters and the southern route through Omani waters.

US Secretary of State Marco Rubio is visiting Bahrain, Kuwait, and the United Arab Emirates to discuss the US-Iran agreement and regional security. The visit includes a Gulf Cooperation Council meeting focusing on a memorandum of understanding between the US and Iran, as well as security in the Strait of Hormuz. The Gulf states aim to preserve stability following the US-Israeli war on Iran.

President Donald Trump and Iranian President Masoud Pezeshkian signed an interim peace deal to end the US-Israeli war on Iran. The agreement allows 60 days to finalize a lasting deal involving Iran diluting enriched uranium in exchange for sanctions relief and a $300 billion reconstruction fund.

Oman has transitioned from an outlier to a key player in the post-war Gulf amid the US-Israeli war on Iran, leveraging its conciliatory stance toward Iran to gain financial and diplomatic advantages. Other Gulf states are now adopting Oman's approach, which prioritized neutrality over military alignment, following a ceasefire widely seen as a victory for Iran.

Iranian football fans displayed a banner honoring 168 children killed in a U.S. strike on a primary school in Minab during a World Cup match against New Zealand. The tribute, linked to a campaign by Iran's national team, coincided with FIFA President Gianni Infantino visiting the team's dressing room and praising their performance after a 2-2 draw.

Norway's deputy foreign minister condemned the US-Israeli war on Iran as illegal under international law, stating it lacks UN Security Council authorization, self-defense justification, or Iranian consent. Norway reaffirmed its stance that the conflict violates the UN Charter, despite the involvement of close allies.

Norway's deputy foreign minister Andreas Kravik condemns the US-Israeli war on Iran as illegal under international law, emphasizing that states must uphold legal principles even when allies violate them. He argues the conflict lacks UN Security Council authorization, self-defense justification, or Iranian consent, and criticizes Iran's disproportionate response and domestic actions as breaches of international law.

US officials reported that oil flows through the Strait of Hormuz are reaching approximately half of pre-war levels, with the US Navy escorting vessels carrying seven million barrels of oil daily. Senior officials stated that the US is protecting up to 20 vessels per night, with increasing volumes of oil being transported through the strategic waterway.

The government reduced petrol prices by Rs4 per litre and diesel by Rs2 per litre, effective immediately. This marks the fifth consecutive weekly price cut for petrol, with a cumulative decrease of Rs41 per litre, while diesel prices now stand at Rs378.78 per litre. The revisions follow the paused US-Israeli war on Iran and are linked to ongoing tax structures on petroleum products.

Tony Blair's recent 5,700-word essay on UK politics argues for continued alignment with the US amid shifting global powers, despite criticism of his past handling of the Iraq invasion and current support for US-Israeli military actions against Iran. The article criticizes Blair for not evolving his foreign policy stance and for downplaying international law violations.

Nigeria's Shia Muslims are holding protests in solidarity with Iran amid the US-Israeli war, viewing the conflict as a personal struggle against oppression. The demonstrations, organized by the Islamic Movement in Nigeria (IMN), highlight Iran's enduring influence among the Shia community, rooted in the 1979 Islamic Revolution and shared ideological ties.

Iran’s nightly pro-government rallies, held since March 2026, show public support for the government amid the US-Israeli war on Iran, but critics argue attendees are often government-aligned groups like Basij and Revolutionary Guard supporters. Participants express fears of foreign intervention and war, highlighting both national unity and political divisions.

Asia prioritizes its fuel needs over strategic risks associated with purchasing oil from sanctioned Russia via a 'dark fleet' of tankers. Experts note little political will to address the security implications of this oil flow, while the US-Israeli war on Iran has caused Brent crude prices to spike above $100, though recent talks have softened prices.

A US senator warned that America's latest defense strategy downgrades the Indo-Pacific's importance, raising concerns about the Trump administration's focus on other conflicts. The Pentagon chief simultaneously reassured allies of commitment at a defense forum in Singapore.