VF Corp. reported that military escalations and attacks in the Strait of Hormuz reduced daily ship traffic from over 100 to single digits, causing oil prices to surge and increasing the cost of virgin polyester. According to the company’s vice president of global sustainability, this price disparity allowed VF to maintain profitability by sourcing over 70 percent of its polyester from recycled materials, a strategy initially adopted for sustainability and supply chain resilience.

Ukrainian President Volodymyr Zelensky stated that US intelligence sharing regarding Russian missile attacks is currently functional following talks in Oslo with US special envoy Steve Witkoff, a development that follows earlier Kyiv allegations of withheld information which US officials have denied.

While European leaders indicated that "genuine progress" was made on peace proposals, they emphasized that the next steps depend on Russia's response to the plans Witkoff is scheduled to present to President Vladimir Putin.

Pakistan’s army chief, Field Marshal Asim Munir, arrived in Tehran on Tuesday for talks with Iranian officials, reportedly accompanied by Interior Minister Mohsin Naqvi, as part of ongoing diplomatic efforts to prevent further escalation between the US, Israel, and Iran.

This visit follows a similar trip by Russian Foreign Minister Sergey Lavrov and occurs amid broader regional tensions, including recent agreements to accelerate force deployments to Saudi Arabia in response to Houthi attacks.

The World Food Programme reports that funding shortages are forcing it to reduce operations in Gaza, which it states will leave approximately 500,000 people without food aid. This development follows a US-brokered ceasefire agreement, though the program notes that attacks have continued and food supplies remain strained.