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South Korea hopes for talks between US, North Korea after Trump downsizes military drills

South Korea on Monday expressed hopes for resumption of diplomacy between the U.S. and North Korea to ease animosities on the Korean Peninsula, hours after U.S. President Donald Trump said he ordered annual U.S. military exercises with South Korea to be scaled back.

Trump cited his good relationship with North Korean leader Kim Jong Un for the decision. The announcement baffled many in South Korea, a key U.S. ally in Asia where national security is a top priority due to threats from nuclear-armed North Korea.

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Iran working to finalize Hormuz agreement with Oman

Iran said Monday it is working to finalize a joint statement with Oman on a plan to manage the transit of ships through the Strait of Hormuz. Fully reopening the waterway to commercial shipping has been a key demand of the United States, but it remains unclear whether the deal will meet Washington's criteria.

The announcement came as the 60-day negotiating period to find a peace deal between the U.S. and Iran was expiring, with no word of an extension and both sides seemingly as far apart as they were two months ago.

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World shares mixed, Brent crude higher after stagflation worries

Shares were mixed in Europe and Asia on Monday after U.S. stocks edged back from their all-time high following a weaker than expected report on the U.S. economy.

Oil prices also were mixed.

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Regional powers including KSA, UAE increase pressure on Israel over Gaza

Several regional powers including Saudi Arabia and the United Arab Emirates issued a statement Sunday condemning Israel’s rejection of the road map, saying, “Israel now bears responsibility for obstructing the efforts to bring peace in Gaza.” Other signers included Jordan, Pakistan, Indonesia and the ceasefire mediators.

The foreign ministers’ statement called on the Board of Peace and the U.S. to take “immediate and concrete measures” to keep any party from obstructing the plan’s implementation.

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Clock is ticking for Iran and US as 60-day deadline for peace deal expires

The deal that U.S. President Donald Trump signed at Versailles in June set an ambitious 60-day deadline for ending the war with Iran and reaching an accord on its nuclear program.

The deadline was Monday, and the two sides are further apart than they were then.

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Firefighters battle wildfires in Belgium and Greece as 2 die on island near Athens

Firefighters battled a massive wildfire that scorched a nature reserve in eastern Belgium and another on a Greek island near Athens where two people were killed on Sunday as hot and dry conditions fueled fires across parts of Europe.

A blaze in eastern Belgium burned about 30 square kilometers (12 square miles) in the High Fens, a large nature reserve, in one of the country's worst wildfires in recent history.

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US Central Command chief visits aircraft carrier

The top U.S. military commander Adm. Brad Cooper visited the USS Lincoln as reports have emerged of mental health and supply issues. The Lincoln arrived in the Middle East in January and has been supporting the U.S. war against Iran, including the blockade on Iranian ports. It has spent a record-setting uninterrupted time at sea of more than 240 days.

“History will record this deployment as one of the most operationally intense and consequential of the modern era,” Cooper said of the Lincoln strike group in a statement released Saturday. Extended deployments of carriers — which can have more than 5,000 sailors and Marines on board — have raised concerns.

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Israel's Ben-Gvir advocates killing '30 to 40' people in Gaza nightly

An extremist Israeli lawmaker in Prime Minister Benjamin Netanyahu's coalition publicly advocated for killing "30 to 40" people in Gaza each night, comments that surfaced Sunday and were quickly shared by Palestinian media.

Minister of National Security Itamar Ben-Gvir made the statement while speaking to a former Gaza-held hostage, Rom Braslavski, on Braslavski's podcast. The two were discussing Israel's recovery from the Hamas attack of Oct. 7, 2023, when Ben-Gvir criticized Israel's recent drawdown of strikes in Gaza.

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Japan's economy manages 1.1% growth rate despite headwinds

Japan's economy grew an annual rate of 1.1% in the April-June quarter even as private consumption stayed flat and the growth of exports declined, according to government data released Monday.

Japan 's real GDP, or gross domestic product, the sum value of nation's goods and services, grew at a seasonally adjusted rate of 0.3% from the first quarter to second quarter of this 2026, according to Cabinet Office data.

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Ukraine takes aim at Russia's economy and morale by attacking online retailer

The attacks began on a July weekend and have continued for a month, stretching from Moscow and St. Petersburg, to cities in the south, and eastward to the Ural Mountains. The targets weren't oil refineries, maritime hubs or arms plants hit by other Ukrainian strikes, but warehouses that bring the convenience of online shopping across the breadth of Russia.

Ukraine's drones have pummeled the giant depots belonging to Wildberries, Russia's biggest online retailer, burning billions of dollars' worth of merchandise and bringing the war home to the broad public.

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