strikeJun 2, 2026

Press review: Israel attack in Lebanon sparks war as Hormuz crisis may hit global finance

Summary

MOSCOW, June 2. /TASS/. Israeli strikes on Lebanon bring war back to the Middle East; African countries look to Russian assistance in fighting terrorism; and the Strait of Hormuz blockade may trigger a global financial collapse. These stories topped Tuesday’s newspaper headlines across Russia. Media: Israeli strikes on Lebanon bring war back to Middle East Iran has announced a suspension of diplomatic communications with the United States, citing Israel’s growing military operations in Lebanon, Nezavisimaya Gazeta notes. Earlier, Israeli Prime Minister Benjamin Netanyahu said that his army would resume strikes on areas of Beirut where the Hezbollah movement still maintains a presence. Notably, an end to attacks on Lebanon’s capital region was one of the key demands put forward by Iranian diplomats in talks with the US. Another reason behind the tough move by Iran could be radical changes in the country's political system. The Islamic Revolutionary Guard Corps (IRGC), which has always been highly influential, now seems to have effectively usurped power. The US hoped to deal with more flexible Iranian politicians but now has encountered a hardline stance by the IRGC, political scientist Yelena Suponina, an expert with the Russian International Affairs Council, told Izvestia. However, it is Washington’s actions that have created a new balance of power in Tehran. The killing of Ali Khamenei, the country’s powerful supreme leader, triggered profound changes within Iran’s leadership. Still, the US and Iran remain interested in easing tensions. According to Grigory Lukyanov, a researcher with the Center of Arab and Islamic Studies at the Russian Academy of Sciences’ Institute of Oriental Studies, the situation remains under control with a limited scale of fighting. US President Donald Trump has abandoned the idea of immediately resuming bombardment, probably because the US authorities are counting on the pressure of sanctions and the economic blockade of Iran. "In such a situation, the settlement process could be put on hold but this does not rule out a return to negotiations. The reason is that talks became possible precisely because neither party was able to achieve its goals solely through military means. And the situation has not changed much," the expert pointed out. Lukyanov believes that the IRGC leadership is in favor of maintaining dialogue but not on the terms that would make Iran surrender, accepting unacceptable US demands. In short, the negotiation process will continue one way or another because at this point, both parties recognize the need to reach a deal. Izvestia: Dozens of African countries look to Russian assistance in fight against terrorism The Common Market for Eastern and Southern Africa (COMESA) seeks Russia’s support in ensuring internal security, Oita Etyang, Head of Governance, Peace and Security at COMESA, told Izvestia. The organization relies on Moscow for support in the fight against terrorism, transnational crime, and other threats. Armed groups’ activities undermine trade, logistics , and investment in these countries. Experts believe that previous cooperation models involving European countries have left African nations disappointed so that they are now searching for new partners. Russia has considerable experience in addressing such threats, Maya Nikolskaya, head of Moscow State Institute of International Relations' program titled "Africa in the focus of Russian interests," noted. Such work could involve various training programs, particularly aimed at preventing radicalization and terrorist activities. Moscow is already actively engaged in efforts to combat terrorist groups in Africa, and is working to strengthen security cooperation. These countries had long relied on France's military presence but it failed to stabilize the region. According to Nikolskaya, cooperation with European nations no longer satisfies African countries, which is why they are interested in expanding their external partnerships. Notably, competition over Africa is intensifying not only in the field of security but also in trade. COMESA is interested in economic cooperation with Russia. In particular, the parties could work together to develop the organization's new Digital Retail Payments Platform for cross-border transactions in national currencies. Russia’s trade with the countries of the continent has grown by more than 60% in the past five years. The growth is driven by exports of food, mineral fertilizers, energy, and goods from the engineering and chemical industries. It's no surprise that COMESA is interested in Russia. The fight against terrorism and transnational crime, which Moscow is capable of supporting, is expected to reduce threats to trade and infrastructure. For Russia, this indicates a clear prospect of gaining a foothold on the African market, while for COMESA member states, it means gaining a new reliable partner. Nezavisimaya Gazeta: Hormuz Strait issues may trigger global financial meltdown If commercial shipping through the Strait of Hormuz is restored only in the second half of the year, damage to the global economy will reach the levels recorded during the coronavirus pandemic, when global GDP lost over $3 trillion, Nezavisimaya Gazeta writes, citing World Economic Forum analysts. In Russia, economists believe that the US failure in Iran signals a global financial crisis. The closure of the Strait of Hormuz has marked one of the biggest crises in the history of capitalism, with huge consequences for economies all over the world, Ilaria Maselli, head of the Macro and Market Insights team at Maersk, pointed out. According to her, analysts are now trying to assess the scale of the Iran crisis in comparison with the coronavirus pandemic shock in terms of their impact on global economic growth and inflation rates. In Russia, some economists believe that the Iran crisis is changing the global economic balance of power and these changes will have a long-term impact. "The failure of US-Israeli aggression and the refusal of the United States’ NATO satellites to participate in it indicate the breakdown of Pax Americana. It will be followed by a global financial crisis triggered by a sharp rise in oil and gas prices," Russian Academy of Sciences member Sergey Glazyev said earlier. Meanwhile, experts predict that transit volumes through the Strait of Hormuz may never return to previous levels due to geopolitical risks, CNBC reports. Specialists estimate that shipping traffic could only recover to 60-70% of pre-war volumes, while passage for Western vessels will require bilateral agreements with Tehran. Any end to the conflict that leaves Iran in operational control of the strait would lead to a significant decline in shipping flows, industry experts warn. Media: Armenia unlikely to join EU until 2030 While Armenia is being torn between the European Union and the Eurasian Economic Union (EAEU), Brussels is in no hurry to consider its membership. Yerevan is unlikely to join the EU in the coming years, a European Parliament member told Izvestia. Meanwhile, less than a week remains before Armenia’s June 7 parliamentary elections, and debates over the country’s future are intensifying daily. Although Armenia is viewed positively within the EU and official relations continue to deepen, the membership issue remains largely theoretical. Given Armenia's geographical position and difficult relations with at least one of its neighbors, such a candidate raises numerous questions, Fernand Kartheiser, a European Parliament member representing Luxembourg, told the newspaper. "We still have a long way to go in terms of institutional, political and economic reforms. This is why, in my view, Armenia’s accession to the European Union before 2030 seems unrealistic," Tagui Tovmasyan, an independent Armenian parliament member, said. What complicates Armenia’s EU prospects is the country’s EAEU membership. Today, Yerevan is at a point of no return in its policy of a pivot to the West, Vadim Mukhanov, head of the Center for Post-Soviet Studies at the Russian Academy of Sciences’ Institute of World Economy and International Relations, pointed out. In order to win the elections, Prime Minister Nikol Pashinyan has placed his bet on closer ties with Europe and the United States. He seeks to convince voters that the country pursues a multi-vector development approach, building stronger relations with the West without severing ties with Russia. "This is why Pashinyan is literally trying to sit on two or three chairs at once at the moment," Mukhanov noted. The outcome of the vote will largely depend on voter turnout, political analyst Tigran Kocharyan told Nezavisimaya Gazeta. "Pashinyan is interested in keeping voter turnout low. His team is working to give the people the impression of an inevitable landslide victory. In such circumstances, opposition voters may conclude that it makes no sense for them to cast their ballots as they have already lost. Meanwhile, Pashinyan’s opponents plan to encourage as many voters as possible to come to the polling stations," the expert explained. Vedomosti: Russian gas supplies to EU via TurkStream pipeline increase in May Russian gas supplies to European Union countries via the TurkStream pipeline rose by 3% in May 2026 compared to the same period last year, according to Vedomosti estimates based on data from the European Network of Transmission System Operators for Gas (ENTSOG). TurkStream is the only remaining gas pipeline for Russian gas deliveries to the EU. The pipeline consists of two strings, with one supplying gas to Turkey and the other running through Bulgaria to Southeast European countries such as Serbia, Bosnia and Herzegovina, and Hungary. The current volume of gas supplies through the European string of the pipeline significantly exceeds its design capacity. Russian gas exports to the EU grew in May amid low replenishment rates of underground storage facilities in European countries. Liquefied natural gas (LNG) exports and underground injections declined due to a rise in global prices caused by the Strait of Hormuz blockade, Kirill Bakhtin, head of the center for Russian stock analysis at BCS World of Investment, explained. The EU will increase imports in late June and July even if the Strait of Hormuz remains closed, Maria Belova, research director at the Implementa consulting company, believes. Notably, gas prices may rise even higher, possibly returning to their March peak levels, Finam Analyst Sergey Kaufman noted. Analysts expect that demand for gas supplies via TurkStream will remain higher than usual until the Strait of Hormuz is reopened. Belova and Kaufman predict that Russian gas exports to the EU through the pipeline will increase by about 6% in 2026. Demand could be even higher but certain technical limitations prevent further increases in supplies, Belova said. TASS is not responsible for the material quoted in these press reviews

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MOSCOW, June 2. /TASS/. Israeli strikes on Lebanon bring war back to the Middle East; African countries look to Russian assistance in fighting terrorism; and the Strait of Hormuz blockade may trigger a global financial collapse. These stories topped Tuesday’s newspaper headlines …

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Jul 21, 2026strikeUnverifiedUSIsraelIranProxy

The Latest: Republicans will soon face voters as the bombing continues

○ 1 source

The U.S. and Iran are back to bombing every day in a bid to control the Strait of Hormuz. And neither is backing down, showing the limitations of President Donald Trump’s reliance on escalating airstrikes to bend Tehran to his will. While the Trump administration says it is open to diplomacy, Iran so far has refused to loosen its grip over the crucial oil shipping corridor in the Persian Gulf.

It is raising questions about the strategy for the conflict's next phase. The intensifying attacks have collapsed an interim ceasefire deal, killed more American troops and sent U.S. gasoline prices back up, posing more problems for Republicans hoping to get reelected.

The Latest: Seeking calm for his country, Lebanon’s president will meet with Trump at the White House The landmark meeting between Joseph Aoun and Trump comes as Lebanon and Israel continue to hold rare direct talks mediated by Washington in a bid to bring about long-term calm in Lebanon after months of war between Israel and Hezbollah, the Iran-backed militant group.

Lebanon hopes the talks will lead to Israeli troops withdrawing from large swaths of southern Lebanon, and for the Lebanese military to receive support to assert full control in areas where Hezbollah militants had held sway. Lebanon and Israel announced a “framework agreement” on June 26, setting a plan for Israeli forces to withdraw from southern Lebanon as well as the disarmament of Hezbollah.

Aoun is scheduled to arrive at the White House at 11 a.m. Trump’s Justice seeking phone records of reporters’ mother and spouses Subpoenas for phone records of New York Times reporters now include the mother of one journalist and the spouses of two others as the Justice Department seeks to unmask the confidential sources of reporters who wrote about Trump’s Qatari-gifted Air Force One jet.

The Times’ lawyers have moved to quash the subpoenas, noting that the mother in question is a mental health professional with confidential client relationships and that one of the two spouses is the general counsel of a law firm. The Justice Department has previously said that the reporters are not the targets of the investigation and asserted in a new legal filing Tuesday that it had followed its own protocols in issuing the subpoenas.

U.S. District Judge Arun Subramanian is scheduled to hear arguments Thursday. Appeals court rejects Biden’s bid to withhold recordings and transcripts of ghostwriter interviews The appellate panel’s 2-1 ruling late Monday found “substantial” public interest in disclosing what former President Joe Biden wants to keep under wraps.

Redactions to the recordings would help protect Biden’s privacy, the majority noted. The judges suspended their decision until Aug. 3 to allow more time for Biden to consider another appeal. Mark Zwonitzer, who worked with Biden on his two memoirs, interviewed the Democrat at his home in 2016 and 2017, before his presidency.

Biden’s lawyers say the conversations were candid, personal and intended to remain private. The recordings were obtained by special counsel Robert Hur, who investigated Biden’s handling of classified documents from his time as a senator from Delaware and as vice president.

Republicans demanded the material after Hur declined to file charges against the then-president. Civilian infrastructure now targeted by both the US and Iran Both sides have targeted civilian infrastructure relied on by millions of people.

Kuwait’s Electricity, Water and Renewable Energy Ministry said Tehran struck desalination and power plants for a fourth straight day on Monday night, causing fires and damage. Some 90% of Kuwait’s drinking water comes from desalination, making the attacks a matter of life and death for the tiny nation.

U.S. strikes have been hitting electrical equipment in Iran as well, and Iranian officials also have said Americans targeted water facilities. US command says its broad strikes are in response to Iran’s attacks on shipping The U.

S. military’s Central Command said Tuesday it targeted “Iranian military command centers, maritime capabilities, missile and drone launch sites and air defense systems.” It released more footage of bombings that targeted sites in Iran. “American forces remain postured and prepared to hold Iran accountable for unwarranted aggression toward civilian mariners seeking to freely and openly transit the strait,” the command said.

Iranian state media reported that explosions were heard in across six different provinces. Tanker attacks expand, forcing crew to abandon ship Traffic through the strait has slowed to a crawl during the latest violence. Lloyd’s List Intelligence said only three ships transited the strait on Sunday.

The British military’s United Kingdom Maritime Trade Operations center said a tanker came under attack early Tuesday in the strait off Oman, forcing the crew to abandon the vessel. Iran’s paramilitary Revolutionary Guard claimed the attack, as well as two other attacks on ships Monday in the waterway.

The route around Oman has been the one the U.S. military has encouraged ships to travel to avoid Iran’s control. The UKMTO separately reported Tuesday that another previously unknown attack on a ship took place early the previous day. Iranian official meets mediators in Pakistan as attacks rage An Iranian official began meetings Tuesday with mediators in Pakistan as diplomats sought to salvage the collapsed interim deal between Iran and the United States, even as both countries continued to launch attacks for a 10th day of renewed fighting.

The visit by Iran’s Interior Minister Eskandar Momeni comes as Pakistan has intensified diplomatic efforts in recent days to resuscitate the deal. However, it remains unclear just what new arrangement could be reached to end the fighting.

Momeni met Pakistan’s army chief Field Marshal Asim Munir, according to two officials who spoke on condition of anonymity to discuss the closed-door negotiations. Momeni later met Prime Minister Shehbaz Sharif. Pakistan’s political leadership and Munir, who serves as both the chief of army staff and defense forces, have worked to persuade the United States and Iran back to resume negotiations.

— By Munir Ahmed The limits of intensifying attacks emerge as US and Iran dig in The U.S. and Iran are back to bombing every day in a bid to control the Strait of Hormuz. And neither is backing down, showing the limitations of President Donald Trump’s reliance on escalating airstrikes to bend Tehran to his will.

While the Trump administration says it is open to diplomacy, Iran so far has refused to loosen its grip over the crucial oil shipping corridor in the Persian Gulf. It is raising questions about the strategy for the next phase of the conflict as intensifying attacks have collapsed an interim ceasefire deal, left additional American troops dead and sent U.

S. gasoline prices back up — posing new problems for Republicans ahead of the midterm elections. Even with glimmers of hope for talks, the sides could be headed back to all-out war, with Trump warning that “every time Iran kills an American Soldier” going forward, “they will pay for that killing many times over.

The Associated Press

Jul 21, 2026strikeUnverifiedUSIranProxy

IEA says Mideast fighting increases energy concerns

○ 1 source

The head of the International Energy Agency stated on July 21 that escalation in Middle East hostilities affecting the Strait of Hormuz and regional energy infrastructure has heightened supply security concerns, while noting that markets retain cushioning factors including higher exports and alternative routing of Saudi and UAE crude.

He also cited threats to the Bab el-Mandeb Strait as an additional risk. Reports indicate that Houthi declarations regarding potential Red Sea port blockades and shipping attacks prompted a restrained initial market response amid ongoing mediation references by Iran.

Location: Strait of Hormuz

CurrentsAPI

Jul 21, 2026strikeUnverifiedUSIsraelIranProxy

Tehran takes aim at Bahrain, Kuwait after US attacks southern Iran

○ 1 source

U.S. forces struck targets across southern and western Iran Tuesday after President Donald Trump vowed retaliation for the deaths of American troops, while Tehran hit U.S. bases in the Gulf and a tanker was struck in the Strait of Hormuz. Yemen's Iran-aligned Houthis announced a naval blockade on Saudi Arabia Monday, opening a potential new front in the war and raising the threat to global energy supplies and trade beyond the Gulf.

Shipping companies loading or discharging cargo at Saudi ports could be targeted "in any location" by Houthis, according to an email sent to companies Monday, Reuters reported. Oil prices gained nearly 2% on the escalating cycle of attacks that has all but wrecked an interim peace agreement signed last month.

But signs that Tehran and Washington want to resume diplomacy helped to limit price rises. U.S. Central Command said it had hit Iranian military command centers, maritime capabilities, missile and drone launch sites and air defense systems in its latest round of strikes.

Explosions were heard around the city of Shiraz in southern Iran, state media said. Konarak and Chabahar on the southern coast, the city of Khorramabad and a civilian site outside the city of Abdanan, both in the west, all came under attack, media reports said.

Later, the IRNA news agency quoted an official in Khorramabad as saying no enemy attack had taken place there. At least 50 civilians have been killed and 500 wounded in the recent U.S. strikes on Iran, a Health Ministry official said. As hostilities spread across the region, the U.

S. State Department issued a new "worldwide caution" for Americans due to "heightened tensions in the Middle East." Iran launched renewed attacks across the Gulf, where recent strikes on desalination facilities have raised concerns about water shortages.

Attacks on Kuwaiti power generation and water desalination plants Monday caused several generation units to be taken out of service as a precautionary measure and repairs were underway, authorities said. Iran's Revolutionary Guards said they targeted infrastructure in Bahrain belonging to U.

S. tech company Amazon in response to what they described as a U.S. strike on the construction site of Iran's planned Darkhovin nuclear power plant. Iranian state media reported that Iranian forces also targeted accommodation facilities of U.S. military personnel at Bahrain's Sheikh Isa Air Base.

There was no immediate comment from the U.S. military, Bahrain or Amazon on the reported incidents, which Reuters was unable to verify. The Iranian army said it launched drone attacks against three U.S. military bases in Kuwait Tuesday. The Guards said they attacked a U.

S. military site in Jordan, while Jordan said its forces intercepted and destroyed five Iranian drones. The maritime security agency UKMTO said Tuesday a tanker in the Strait of Hormuz reported being struck by a projectile, forcing its crew to abandon the vessel and board a lifeboat.

Also on Tuesday, Iran's Revolutionary Guards said two oil tankers had caught fire after explosions while attempting to transit the southern route of the strait. Just four commodity vessels crossed the strait on Monday, mostly using the northern shipping lane near Iran's coast, down from seven the previous day, Kpler data showed.

Iran had been pressing the Houthis to close the Bab el-Mandeb gateway to the Red Sea if the U.S. continued to attack Iranian power infrastructure – putting two of the world's most vital energy arteries at risk. A full closure of Bab el-Mandeb could reduce global oil supply by 7% as it would leave most Saudi oil exports unable to leave the region, adding to the 10% cut in oil flows from the war in the Gulf.

A senior Iranian official told Reuters on Monday that Tehran had received a proposal from mediators for a 10-day cease-fire in efforts to salvage the interim deal, intended to pave the way to a lasting agreement to end the war that began on Feb. 28 with U.

S.-Israeli attacks on Iran. Israel has not joined the latest round of strikes on Iran. "We have no desire to insert ourselves into this, but we are prepared for any scenario," Israeli Finance Minister Bezalel Smotrich said Tuesday. Iranian Interior Minister Eskandar Momeni had asked Pakistan to resume its mediation role in the conflict.

He later arrived in Islamabad for further talks. The latest phase of fighting has proved to be among the deadliest of the conflict for U.S. forces. U.S. troop deaths rose to 17 over the weekend. Trump, under mounting pressure at home over rising gasoline prices since the war began, said the latest U.

S. strikes on Iran were avenging the deaths of American service members. "Every time Iran kills an American Soldier they will pay for that killing many times over!" he wrote on Truth Social on Monday. The war has killed thousands of people, mostly in Iran and Lebanon.

Parts of Lebanon remain under Israeli occupation following attacks on Israel by Hezbollah fighters, who said they were acting in solidarity with Tehran. Lebanese President Joseph Aoun is due to meet Trump at the White House on Tuesday to present a plan on how to disarm Iran-aligned Hezbollah and secure an Israeli withdrawal.

Reuters

Jul 21, 2026strikeUnverifiedUSIsraelIranProxy

Crude oil prices rise 2% on fresh attacks by US and Iran

○ 1 source

Brent crude futures rose 1.8% to $90.84 per barrel and U.S. West Texas Intermediate contracts gained around 1.7-1.8% on Tuesday. Reports described a tanker struck by an unknown projectile in the Strait of Hormuz, with reduced vessel crossings, alongside statements from a UBS analyst citing lower exports and Red Sea concerns, and from an Iranian official to Reuters regarding a proposed 10-day ceasefire.

U.S. and Iranian military actions were also referenced in connection with the events.

Location: Iran

SECTIONS Crude oil prices rise ; Iran Reuters