U.S. submarine reportedly sinks an Iranian warship in the Indian Ocean near Sri Lanka amid Middle East conflict. Six U.S. soldiers killed in an Iranian drone strike on a military facility in Kuwait. Israeli F-35 downs an Iranian aircraft in first reported dogfight of the Iran–Israel war era. UAE major airlines resume limited flights as Middle East airspace remains disrupted. India signs ₹5,083 crore defence contracts for Coast Guard helicopters and Navy missiles. Nearly four lakh tonnes of basmati rice stuck at ports due to Middle East trade disruptions. Global oil and fuel markets remain volatile after conflict intensification around Hormuz. Trump reportedly to push U.S. tariff rate up to 15%, according to financial commentary. Humanitarian concerns rise as civilian casualties and displacement increase across conflict zones.

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Posted on July 2, 2021

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