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The Iranian president says his country can no longer sell oil at previous levels and tax revenues from industry have plunged. “We can no longer collect taxes from factories. Not only that, but we also have to provide them with funds so they can continue operating,” he says.
Iranian missile and drone attacks on a US Navy base in Bahrain on the first day of the war knocked out a vital logistics hub. The Pentagon was forced to shift its supply chain to Diego Garcia, some 3,500 kilometers (2,175 miles) from the combat zone in the Gulf of Oman, contributing to shortages and deteriorating conditions aboard the USS Abraham Lincoln. Meanwhile, the Navy is considering a multibillion-dollar redesign of its Ford-class carriers at Trump’s request.
New South Wales launches reform aimed at significantly reducing number of privately owned firearms. Prime Minister Anthony Albanese: “We must do everything we can to make sure the antisemitic terrorist attack in Bondi doesn’t happen again. That includes meaningful nationwide gun reform.”
Thousands of kilometers separate Tel Aviv from Rome, but the cultural and existential waters between them are closing fast. On the other side of that divide stands a radical Islamist spectrum. At one end, raw savagery - the kind the world witnessed on October 7. At the other, those who raise the flag of friction between Islam and the West, working through soft power, financial leverage, and cultural infiltration - chief among them Qatar and Turkey - to hollow out Western societies from within.
Hezbollah’s attack, the wounded IDF troops and Israel’s response triggered diplomatic pressure and international criticism within hours. An unusual statement from the Prime Minister’s Office showcases how constrained Israel is in its response, and how much power Hezbollah still has to disrupt the calm in northern Israel. Meanwhile, pressure is also mounting on the Palestinian front, along with debate over how Israel should wield its military power.