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One person was killed and dozens were injured in Iranian-origin drone strikes targeting part of Kuwait International Airport. BBC reported that Kuwaiti authorities temporarily closed the airspace and suspended operations.
Brazilian President Luiz Inácio Lula da Silva said China has opened new purchase quotas for Brazilian beef and that Brazil is finding alternative markets in response to US tariffs. Lula said growth in the China market provides important compensation after additional US duties on Brazilian exports.
Wool prices in New Zealand have hit their highest level in 15 years on the back of surging demand. The yield outlook for sheep farmers depends on developments in the global textile market.
Sailors who have been stuck on their ships for months because of the Strait of Hormuz blockade are showing serious signs of stress and exhaustion. BBC Asia spoke with families and seafarer unions.
Documents reviewed by the BBC show Shell continued pumping oil through a Nigerian pipeline for years despite internal evidence of pollution. The company says it remains committed to environmental compliance procedures.
Australia's ASX is set to open higher after AI stocks surged on Wall Street overnight, ABC News Australia reported. Oil prices climbed to a one-week high after conflicting US and Iran updates on bilateral talks.
Citing US media, the BBC reports that Donald Trump is asking for edits to the draft deal under negotiation with Iran. The proposed changes focus on Strait of Hormuz security and the removal of highly enriched uranium.
According to ABC News Australia, the UN has warned that a moderate-to-strong El Nino event is expected to develop and 'pour fuel on the fire' of existing extreme heat. The alert comes as India endures a deadly heatwave with temperatures touching 47 degrees Celsius.
Al Jazeera reports that China's expanded duty-free access for many African products has revived hopes of industrial growth across the continent. Trade flows remain uneven, however, with raw materials still dominating shipments.
Satellite imagery analysis commissioned by the BBC has found Iran has damaged 20 US military sites since the war began. The affected installations are in Bahrain, Qatar, the UAE, Iraq and Kuwait. The Pentagon has confirmed the financial loss is around $1.2 billion.
Boru Hatlari ile Petrol Tasima AS (BOTAS), Azerbaijan's SOCAR, TotalEnergies and Abu Dhabi National Oil Company (ADNOC) signed a deal to supply 33 billion cubic metres of natural gas from Azerbaijan to Türkiye over 15 years starting in 2029. The agreement strengthens Türkiye's energy supply security.
Caribbean hot sauce producers in Jamaica say the Scotch bonnet peppers central to their recipes are in limited supply. Climate conditions and harvest disruptions are expected to raise producer prices and trim export volumes in the months ahead.
US President Donald Trump spoke with CNBC's Eamon Javers Monday about the Iran war's trajectory. Trump told the network he does not care if Tehran ends talks, signalling that battlefield dynamics now matter more than the diplomatic track Washington once championed.
An Al Jazeera field report examines village economies around the bauxite mines in western Guinea and the shifting livelihoods of residents. The country supplies roughly a quarter of the world's aluminium raw material. Government and industry representatives say compensation and employment policies have improved; village representatives say land rights are not yet adequately protected.
Iran's Pars Oil and Gas Company chief executive Mehrdad Ahmadi told Iranian media that production has resumed at three offshore platforms after Israeli attacks halted output. The statement is being watched closely as a signal of Tehran's energy infrastructure recovery.
At least 45 people were killed and about 70 injured when a building storing mining explosives in the village of Kaungtup, in north-east Myanmar's Shan state, exploded around midday. The area, near the Chinese border, lies in territory controlled by the Ta'ang National Liberation Army.
Iran has reasserted its sovereignty narrative over the Strait of Hormuz and announced new transit rules will take effect. While indirect talks with the United States continue, an agreement appears elusive. The move deepens uncertainty in global oil markets.
With the Strait of Hormuz still under pressure following the Iran war, Guyana is poised for sharp gains from rising oil exports, according to Investing.com. The Exxon-led Stabroek block is expected to push 2026 production toward 720,000 barrels a day, boosting state-budget transfers but stretching infrastructure and governance.
Petroleum-market analysts say the Strait of Hormuz volumes that prevailed before the Iran war may take years to fully return. Insurance premiums, re-routing decisions and Iran's new naval permission regime have layered structural costs onto Gulf shipping.
Investing.com analysis says reopening the Strait of Hormuz to secure transit could unwind the current risk premium and trigger a repricing wave across asset classes. Possible scenarios for oil, currencies and equities are being weighed.
An average US household has paid roughly $450 more on energy since the start of the Iran war, according to data cited by CNBC. Gasoline, electricity and natural gas have all moved higher, deepening pressure on household budgets.
According to Straits Times Business, the roughly 350 global commodity traders with a significant presence in Singapore are updating logistics and hedging strategies to manage supply-chain disruptions linked to the Iran war.
Disruptions in the Strait of Hormuz following US and Israeli strikes on Iran have highlighted the value of alternative energy routes. According to TRT Haber Ekonomi, Türkiye has maintained gas and oil supply security through its pipeline infrastructure and diversified sourcing.
Exxon executive Neil Chapman warned that disruptions tied to the Iran war could push global oil inventories to all-time lows within weeks. He said physical Brent cargoes could spike to $150-160 per barrel once stocks bottom out.