Brent and WTI crude futures fell after the resumption of crude oil exports from Iraqi Kurdistan through Turkey. OPEC plans another increase in oil production in November, which will increase global supplies.
Former British Prime Minister Tony Blair is discussing the possibility of leading an interim administration in the Gaza Strip to oversee post-conflict reconstruction. This plan is supported by the White House, but Blair's appointment could cause controversy due to his past involvement in the Iraq War.
The US Department of Defense is preparing to appeal to President Donald Trump to approve the execution of Nidal Hasan, who committed a shooting at Fort Hood in 2009. This could be the first execution of a US serviceman in over six decades.
Russian Foreign Minister Sergey Lavrov met with Secretary of State Marco Rubio, Foreign Ministry spokeswoman Maria Zakharova said. The Russian Foreign Ministry did not provide any details on the content of the talks.
Syrian President Ahmed al-Sharaa met with former US Army General David Petraeus in New York. In 2006, Petraeus oversaw al-Sharaa's detention in Iraq.
Brent crude futures rose to $67. 82 a barrel, while WTI rose to $63.62. The price increase is due to a decrease in oil inventories in the US and the cessation of exports from Iraqi Kurdistan.
Oil prices are falling for the fifth consecutive day due to an agreement between Iraq and Kurdistan to resume operation of the oil pipeline. Investors are concerned about a possible oversupply in the global market.
Tyler Robinson, suspected of killing Charlie Kirk, was apprehended thanks to information from his family. Utah Governor Spencer Cox emphasized the family's key role in the investigation.
The US House of Representatives has approved an $892. 6 billion defense bill that includes a pay raise for service members. The document also includes bans that restrict the rights of transgender service members.
Vladyslav Vlasiuk, the Commissioner of the President of Ukraine, called for systemic sanctions pressure on Russia's shadow fleet. He emphasized the need to control oil transshipments at sea and restrict tankers' access to ports of third countries.
In Germany, 16-year-old Liana Kassai died under the wheels of a train after a 31-year-old man pushed her onto the tracks. The assailant, who was diagnosed with schizophrenia, is in a psychiatric hospital, and his criminal responsibility is being investigated.
The net profit of Russian Rosneft in the first half of 2025 fell by 68% to 245 billion rubles. This happened due to oil overproduction by OPEC countries and falling prices.
Ksenia Semenova, President of the Kyiv Aviation Institute, states that the inaction of the State Aviation Service undermines the future of aviation. The decision to transfer the documentation support for Mi-8 helicopters to a company with Russian ties caused a stir.
The State Aviation Service transferred the authority to repair Mi-8 helicopters to the foreign company AAL Group Ltd, which has ties to the Russian defense complex. Experts consider this a threat to Ukraine's national security.
In London, Princess Diana's time capsule, laid in 1991, was opened, revealing a Kylie Minogue CD, a pocket TV, and a photograph of the princess. The capsule was unearthed earlier than planned due to the construction of a children's oncology center.
In Iraq, the excavation of a mass grave in Al-Khasfah has begun, which may contain the remains of over 4,000 ISIS victims. This place has become a symbol of terror, as militants threw bodies into a crater more than 150 meters deep.
A nationwide blackout occurred in Iraq due to a failure in power transmission lines. The cause was an overload of the power system due to record heat and growing demand.
The State Aviation Service transferred control over the repair of Mi-8 helicopters to the foreign company AAL Group Ltd, which is associated with the Russian military-industrial complex. This decision raised concerns about economic and security risks, as well as suspicions of treason.
The US is doubling tariffs on Indian goods as punishment for purchases of Russian oil. This creates a dilemma for India, which has long-standing relations with Moscow.
August 7 marks the Day of Particularly Absurd Packaging and the Day of the Professional Speaker. Also on this day, the victims of the 1933 Simele massacre and Saint Pimen of the Caves are commemorated.
The State Aviation Service of Ukraine granted the right to accompany the repair of Mi-8 combat helicopters to AAL Group Ltd from the UAE, which is associated with the Russian defense concern. This decision raises concerns about national security and access to sensitive information.
US President Donald Trump has maintained a basic tariff rate of 10% for countries with a positive trade balance. For 40 countries with a trade deficit with the US, a minimum tariff of 15% has been set, and for Canada, the tariff has increased to 35%.
During a raid in Syria, the US military eliminated one of the top ISIS leaders, Dia Zauba Muslih al-Hardani, and his two adult sons. Three children and three women who were at the scene were not harmed.
The Ministry of Foreign Affairs of Ukraine plans to open over 10 new consular offices by the end of the year, including in Romania, Iraq, Italy, Germany, Slovakia, France, and Poland. Consulates in Antalya and Gdansk will receive general consulate status.
Brent and WTI crude futures changed little after rising due to drone attacks on oil fields in Iraqi Kurdistan. Uncertainty over US tariff policy and plans to increase production are weighing on the market.
In the city of Kut, Iraq, a fire in the newly opened "Hypermarket" claimed the lives of over 60 people, including women and children. Another 11 people are considered missing after the incident that occurred on Wednesday evening.
Three oil fields in Iraqi Kurdistan, operated primarily by American and Norwegian companies, have been attacked by drones. There were no casualties, but damage to facilities was recorded.
Two drones attacked the Peshkabir oil fields in northern Iraq, operated by the Norwegian company DNO ASA. As a result of the attack, the field was damaged, but no one was injured.
Donald Trump announced a 50% tariff on copper imports starting August 1, citing national security. This decision is part of a series of tariff announcements aimed at reshaping US trade agreements.
Oil prices fell due to new Trump tariffs threatening global economic growth. Brent and WTI futures lost value, despite rising US crude oil inventories and record demand for air travel.
