The latest American strikes mark a sharp escalation in the renewed fight over the Strait of Hormuz, with Iran responding by targeting U.S.-aligned Gulf states. A New Round of U.S. Strikes The United States carried out a new wave of strikes inside Iran this week, deepening a military confrontation that
Ankara summit shifts from spending pledges to concrete capability investments, signaling a new phase in NATO’s military modernization ANKARA — NATO leaders opened their summit in Ankara by unveiling approximately $50 billion (€43 billion) in new multinational defense procurement contracts, marking one of the alliance’s largest coordinated capability investments in
Alliance agrees on historic defense commitments as renewed disputes over Greenland and Iran underscore the growing challenge of maintaining transatlantic cohesion. The 2026 NATO Summit in Ankara concluded with a paradox that is increasingly defining the transatlantic alliance: NATO emerged stronger militarily, yet politically more exposed. On paper, the summit
Renewed fighting shatters fragile pause after tanker attacks in the Strait of Hormuz WASHINGTON / ANKARA — President Donald Trump declared that an interim agreement aimed at ending the war with Iran was “over” on Wednesday, after a new round of U.S. strikes on Iranian targets and retaliatory Iranian attacks
The attack near Oman came as Tehran warned it could abandon negotiations with Washington, adding new uncertainty to efforts to contain maritime escalation. A commercial tanker was struck by an unknown projectile near the Strait of Hormuz, setting off a fire and sharpening concerns over the stability of U.S.-Iran talks
The war’s economic shock has rippled through global energy, food, fertilizer, and shipping markets. But inside Iran, the frontlines are now households, markets, and vulnerable communities bearing the cost of both conflict and government failure. The ceasefire between Iran, Israel, and the United States has eased some of the immediate
Gulf state investors committed nearly $54 billion in the first half of 2026, underscoring how sovereign capital is reshaping global markets, technology, and development priorities. Gulf sovereign wealth funds are on pace for a record year, deploying historic levels of capital even as war-driven volatility, oil market shocks, and geopolitical
The fragile peace process between the United States and Iran entered another pivotal phase this weekend as President Donald Trump sought to salvage a rapidly deteriorating agreement designed to restore stability to the Strait of Hormuz, one of the world’s most strategically significant maritime chokepoints. After several days of renewed
Developing nations forced to divert scarce public resources from education, healthcare and clean energy as geopolitical instability reshapes global development priorities. The economic consequences of the conflict in the Middle East are extending far beyond the region, threatening to reverse years of progress toward sustainable development and the global energy
Just days after optimism emerged that commercial shipping was returning to one of the world’s most strategically important maritime corridors, a single attack has underscored how precarious the peace remains. An Iranian drone strike on a Singapore-flagged cargo vessel transiting the Strait of Hormuz has renewed concerns that the world’s
