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The Israeli war on Gaza has resulted in a catastrophic economic collapse, leaving 70 percent of Gaza's residents under 30 without work or opportunities. The unemployment rate in the Gaza Strip has soared to 80 percent, with the local gross domestic product (GDP) plummeting by 87 percent over the past two years.Mahmoud Shamiya, a university graduate, exemplifies the struggles of Gaza's youth. He had dreams of becoming a teacher but now spends his days surviving in a tent, fetching water, and scavenging for firewood. The destruction of Gaza's educational infrastructure has effectively paused the lives of students trapped inside the besieged enclave.The systematic destruction of universities and schools has erased 22 years of development in Gaza, leaving the territory's youth cut off from the outside world and denied the ability to study, work, or secure their basic survival. Economists warn that the situation is a generational catastrophe.Mona Al-Mashharawi, who was scheduled to travel to Algeria for her university studies, is now trapped in Gaza. She laments, 'Two years of my life have been lost, and I am now entering the third. These years are automatically vanishing from our lives.'The private sector, once Gaza's main economic engine, has been shattered, with 90 percent of all sectors, including housing and infrastructure, wiped out. The total economic losses are estimated to be $70 billion.The blockade has drained the territory of essential goods and raw materials, with 80 percent of the population relying entirely on international humanitarian assistance to stay alive. However, aid entering the territory falls drastically short of the daily target of 2,000 tonnes.

Ukrainian drones have launched targeted strikes on key Russian oil infrastructure, hitting the Baltic Sea port of Primorsk and the NORSI oil refinery in the central Nizhny Novgorod region. According to Ukrainian drone forces commander Robert Brovdi, these overnight attacks were confirmed by Russian officials on Sunday.In Primorsk, which serves as one of Russia's main oil exporting outlets, Governor Alexander Drozdenko of Russia's northwestern Leningrad region reported that a pipeline was damaged. He later updated that a fuel reservoir in the port area leaked when it was hit by shrapnel.The NORSI oil refinery, Russia's fourth largest, was also targeted. Governor Gleb Nikitin of Nizhny Novgorod stated that a fire broke out at the plant after two facilities were hit. The attack also resulted in damage to a power station and several houses, although there were no reported injuries.These strikes are part of Ukraine's strategy to disrupt Russia's oil infrastructure and reduce a key source of revenue funding Moscow's war efforts. At one point last month, about 40 percent of Russia's oil exporting capabilities were shut down due to these attacks and other disruptions.Diplomatic efforts to end the conflict have stalled, with high-level talks between the US, Russia, and Ukraine yielding no progress on critical issues like territorial concessions in eastern Ukraine.

Italian Prime Minister Giorgia Meloni recently visited Qatar, meeting with Emir Sheikh Tamim bin Hamad Al Thani to address pressing energy concerns amid the ongoing conflict between Iran, the United States, and Israel. This meeting marks a significant step in Italy's efforts to bolster its relationships with key Gulf nations and ensure a stable energy supply.The discussions between Meloni and the Qatari leader focused on energy issues and potential measures to mitigate the shocks caused by the Iran war. Italy, being highly dependent on energy imports, is particularly concerned about the rising energy prices resulting from Iran's effective blocking of the Strait of Hormuz, a critical waterway through which approximately 20 percent of global oil and liquefied natural gas transits.During the meeting, Meloni expressed Italy's readiness to contribute to the rehabilitation of Qatari energy infrastructure, which is essential for global energy security. This commitment underscores Italy's proactive approach to addressing the energy crisis and its willingness to collaborate with Qatar to ensure a stable energy supply.The Qatari Emir's office stated that both sides stressed the need for de-escalation and prioritized political dialogue and diplomacy to contain the current crisis in the Middle East and its repercussions on energy and supply chains. They also reviewed bilateral cooperation between Italy and Qatar, exploring ways to support and develop it in various fields, particularly in the economy and energy sectors.Since the beginning of the war at the end of February, Iran has targeted US and Israeli targets in the region, as well as Gulf countries, including Qatar. Iran's attacks on Qatar's energy installations, such as the missile strike on Ras Laffan Industrial City, have caused significant damage and are expected to affect Doha's natural gas export capacity.Meloni's trip to the Gulf aimed to strengthen relations with these countries and reiterate Italy's support against Iranian attacks. As the first leader of a European Union or NATO country to travel to the region since the war broke out, Meloni's visit underscores Italy's commitment to regional stability and energy security.

Myanmar's coup leader, Senior General Min Aung Hlaing, has been elected as the country's president by a pro-military parliament, securing 429 out of 584 votes. This move formalizes his control over the war-torn nation, marking a significant shift in the country's political landscape.The 69-year-old general, who orchestrated a 2021 coup against the administration of Nobel Peace Prize winner Aung San Suu Kyi, has long sought the presidency. His ascent follows a lopsided election in December and January won by an army-backed party, which critics and Western governments have deemed a sham.The pro-military Union Solidarity and Development Party secured more than 80 percent of parliamentary seats in the election. With serving members of the armed forces occupying unelected seats, making up a quarter of the total, the party's dominance is clear.Min Aung Hlaing's rise to the presidency is seen as a strategic pivot to consolidate his power as head of a nominally civilian government and gain international legitimacy. However, the ongoing civil war in Myanmar and the formation of a new combined front by anti-military groups pose significant challenges to his administration.

The conflict between Iran, the United States, and Israel has escalated on day 35, with the US and Israel widening their attacks on Iranian infrastructure. The strikes have targeted a century-old medical research centre in Tehran, steel plants, and a bridge near the capital, which Iran claims was civilian infrastructure.The human toll continues to rise, with at least 2,076 people killed and 26,500 wounded in Iran since the start of the US-Israeli attacks. Iran's Foreign Ministry reports that more than 600 schools and education centres have been hit since February 28.Iran's military has vowed to continue the war until its enemies face 'humiliation' and 'surrender', warning the US against a ground invasion. The Iranian Foreign Ministry has stated that it is ready for any type of attack, including a ground attack.In a significant development, US Defense Secretary Pete Hegseth has abruptly fired the US Army's top general and two other senior officers, sparking speculation of a wartime leadership shake-up.The conflict has also drawn in other countries, with Pakistan pushing for US-Iran talks and the United Kingdom holding talks with about 40 countries on reopening the Strait of Hormuz, which carries about 20 percent of the world's oil and LNG. The US has lost 13 service members in combat and two to noncombat causes, with more than 200 injured.In Israel, sirens have become 'part of life', with residents repeatedly heading to shelters, especially in the Tel Aviv area. The conflict has also intensified along the northern front, with Hezbollah carrying out 60 military operations against Israel in 24 hours.

President Donald Trump has taken a significant step to push for pharmaceutical deals by signing an executive order that could impose tariffs of up to 100% on some patented drugs. This move is part of his administration's effort to secure lower prices for medicines.Under the executive order, companies that have signed a 'most favoured nation' pricing deal and are actively building facilities in the US will have a zero-percent tariff. For those that don't have a pricing deal but are building such projects in the US, a 20 percent tariff will apply, but it will increase to 100 percent in four years.A senior administration official stated that companies still have months to negotiate before the 100 percent tariffs kick in. Bigger companies will have 120 days, and 180 days are offered for everyone else.The administration has already reached 17 pricing deals with major drugmakers, 13 of which have signed. The executive order aims to address the threatened impairment of national security posed by imports of pharmaceuticals and pharmaceutical ingredients.Critics, pharmaceutical leaders, and medical groups have warned of the consequences the new tariffs could bring, including increased costs and potential jeopardy to billions in US investments. The pharmaceutical company trade group PhRMA has expressed concerns that taxes on cutting-edge medicines will increase costs and could jeopardize investments.

The United States is reportedly contemplating a daring military operation to confiscate Iran's reserves of highly enriched uranium, a move that experts warn would be fraught with significant challenges and risks.Ensuring Iran does not possess nuclear weapons or the capability to produce them using enriched uranium has been a primary objective for the US during negotiations with Iranian officials over the past year. This goal was also cited as a justification for the US bombing of Iranian nuclear facilities during last year's 12-day war with Israel and for initiating the ongoing conflict in February, despite ongoing talks with Iran at the time.Iran possesses approximately 440 kilograms (970 pounds) of uranium enriched to 60 percent, a level at which it becomes considerably easier to reach the 90 percent threshold required to produce a nuclear weapon. This amount theoretically could be used to produce more than 10 nuclear warheads, according to International Atomic Energy Agency chief Rafael Grossi.Iran asserts that its nuclear program is exclusively for civilian energy purposes, despite enriching uranium far beyond the required threshold. Iranian officials have expressed openness to discussing a reduction in the level of enrichment during past negotiations but have refused to dismantle the country's nuclear program entirely, citing national sovereignty concerns.In 2015, the former Obama administration negotiated the Joint Comprehensive Plan of Action (JCPOA) with Iran and other nations, under which Iran agreed not to enrich uranium to high levels and to undergo frequent inspections. However, Trump withdrew the US from this agreement during his first term as president.Challenges in Accessing and Transporting the UraniumAny military ground operation to extract the uranium would face substantial chemical, logistical, and tactical hurdles. Isfahan, where about half of the enriched uranium is believed to be stored, is over 480 kilometers (about 300 miles) inland, far from the nearest US naval ships. This would necessitate transporting US forces, possibly alongside Israeli troops, over a long distance through an active warzone, accompanied by heavy equipment.Securing a substantial perimeter around the site and holding that territory for the duration of the operation would be required, all while mitigating the risk of constant fire from Iran. Experts describe this as a risky and infeasible operation.Storing and Handling the UraniumIf the US were to successfully extract the uranium, it would likely be stored in the form of hexafluoride gas, which is difficult to handle and reacts with water to produce extremely toxic chemicals. The uranium hexafluoride must be stored in small, separated canisters to prevent neutrons from multiplying out of control.Any damage to these canisters could trigger the release of toxic chemicals, posing a radiological hazard. An alternative would be to destroy the cylinders on the spot using Army Nuclear Disablement Teams, but this would result in chemical contamination and environmental hazards.Previous Operations and Potential AlternativesIn 1994, US forces undertook a secret operation dubbed Project Sapphire to remove weapons-grade uranium from Kazakhstan. A similar operation for Iran is being considered, but it would require coordination with Iranian authorities and the IAEA, and a cessation of hostilities.A less risky approach would be for the US to negotiate a deal with Iran, resulting in the stockpile being left in place but under international oversight, being downblended, or being removed with Iranian agreement.

The Gulf Cooperation Council (GCC) Secretary-General, Jassim al-Budaiwi, has urged the United Nations Security Council (UNSC) to take immediate action to stop Iranian attacks on Gulf countries, which he described as a 'flagrant violation' of international law and the UN Charter.Speaking at the UNSC, al-Budaiwi called on the council to 'take all necessary measures' to bring an end to Iran's attacks on Gulf countries and to protect maritime corridors and guarantee uninterrupted maritime navigation through strategic waterways in the region.The GCC chief also emphasized the need for the six GCC states – Saudi Arabia, Qatar, Bahrain, Oman, Kuwait, and the United Arab Emirates – to be included in any talks or deals with Iran 'to enhance regional security and prevent further escalation or repetition of such attacks in the future.'Iran has been carrying out daily missile and drone attacks across the Middle East, including in Arab Gulf nations, since the US and Israel launched a war against the country on February 28. These attacks have struck civilian sites, including critical energy facilities, and have effectively closed the Strait of Hormuz, a key Gulf waterway through which about one-fifth of the world's oil and liquified natural gas supplies transit.The situation has sent global energy prices skyrocketing, and frustrations are growing across the Gulf as the US-Israeli war on Iran drags on. According to Al Jazeera's Zein Basravi, 85 percent of the projectiles fired by Iran have targeted Gulf countries, with the UAE being the hardest hit.

One year ago, US President Donald Trump introduced a 10% global tariff, sparking a trade war with far-reaching consequences. The immediate impact was severe, with the stock market experiencing its worst drop since the pandemic. In response, countries scrambled to negotiate deals with Washington or retaliate with their own tariffs. Recently, the Supreme Court ruled that most of Trump's tariffs are illegal, citing the president's lack of authority to impose broad, open-ended tariffs under a national emergency. However, this ruling did not end the trade war. Within hours, Trump invoked a different statute to launch a temporary tariff, set to expire in July. The effects of the tariffs have already reshaped the US economy. The average effective US tariff rate surged from 2.6% to over 13%, the highest level since World War II. This significant increase has led to higher costs for American consumers. According to the Tax Foundation, US households paid $1,000 more in 2025 for the same goods. Tarrifs work by imposing a tax on foreign goods and services, making them more expensive and encouraging local purchases. Despite Trump's promise that tariffs would reduce the trade deficit and make the US richer, the reality is that the average US consumer is worse off. The Penn Wharton Budget Model reports that the US collected over $287.1 billion in customs duties in 2025 and $64.4 billion in 2026. Economists at the Federal Reserve Bank of New York found that nearly 90% of the economic burden from tariffs has fallen on US businesses and consumers, with foreign exporters absorbing only a small percentage of the cost. Lower-income households have been disproportionately affected, as they spend a higher proportion of their earnings on essential goods like food, clothing, and transportation. Following the Supreme Court's ruling, the government may be required to refund up to $175 billion to businesses that paid the tariffs. With Trump's tariffs being replaced by a flat 10% tariff, the Tax Foundation projects that the average cost to US households will fall to about $600. While an improvement, it remains a significant cost for consumers.