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Trump Halts Iran Strikes After 13 Days; Diplomacy Advances July 26
Trump halts Iran airstrikes after 13 days as Vice President Vance and military chief raise escalation concerns. Diplomacy efforts intensify with Oman-Iran talks on reopening Strait of Hormuz.
Oil Choke Points Widen as Hormuz Attacks Surge: Brent Hits $100
Oil prices surge past $100 as attacks on tankers in Hormuz, Red Sea, and Black Sea disrupt shipping. Brent crude up 30% in July. Vulnerable economies face $20bn annual import cost rise.
Trump’s ICC Policy Escalates as Prosecutor Khan Ousted July 25
Trump’s State Department vows to dismantle the ICC brick by brick. The court votes to remove prosecutor Khan over misconduct. UK faces pressure as fourth-largest ICC donor.
Nigerian Naira Strengthens to N1,362 Per Dollar on July 25, 2026
Nigerian naira appreciates to N1,362 per dollar as foreign reserves hit $52 billion and oil prices surge. Official and black market rates both strengthen on improved FX liquidity.
ABC Pulls Four Corners Episodes by Sacked Reporter Over Accuracy Concerns, July 25
ABC withdraws Four Corners episodes ‘Meth Highway’ and ‘Cocaine Nation’ by sacked reporter Mahmood Fazal due to accuracy concerns about sourcing. Matter referred to ABC Ombudsman for independent review.
Judge Boasberg Blocks Trump Visa Ban on Fact-Checkers, July 24
Federal judge halts Trump visa restrictions on fact-checkers and disinformation researchers, ruling the policy unconstitutionally discriminates based on viewpoint in violation of the First Amendment.
House Passes Permanent Daylight Saving Bill 308-117; Senate Outlook Uncertain
House passes Sunshine Protection Act 308-117 to make daylight saving time permanent. Senate Republicans split on the bill amid concerns about dark winter mornings in northern states.
Wall Street Ends Volatile Week Mixed as Oil Retreats, Tariffs Loom July 25
S&P 500 flat, Nasdaq down 0.6% Friday as Brent crude drops 4% to $96, Trump tariffs hit 10-12.5%, and Fed rate hike odds jump to 30% next week.
Super El Niño Could Hit Record Strength in 2026, Reshaping US Weather
National Weather Service forecasts 81% chance of record-strength Super El Niño in 2026, potentially reshaping US weather patterns through spring 2027 and raising global temperature records.