Iran war closes Hormuz, Bab al-Mandeb simultaneously for first time ever
For the first time since records began, both of the Middle East's great oil chokepoints are shut at once for the first time ever. The Strait of Hormuz has been effectively closed since February 28, and now Bab al-Mandeb Strait is also shut.
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Rheinmetall to more than double gunpowder output at Bavaria plant
German arms maker Rheinmetall plans to more than double gunpowder production at its Aschau am Inn plant near Munich, ramping up annual capacity from 1,700 tonnes to 4,200 tonnes and over 1mn propellant charges a year by 2028.
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Mexico's World Cup gains fall well short of official forecasts
Mexico staged 13 World Cup matches and generated billions in activity, but Moody's says the tournament will add just 0.13% to GDP this year, far below official hopes.
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Bulgarian PM Radev's approval falls for second straight month, poll shows
Bulgarian Prime Minister Rumen Radev's approval fell to 50% in July from 56% in May, with government approval down to 42%, though his Progressive Bulgaria party holds a commanding polling lead on 39%.
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World Bank puts Venezuela earthquake damage at nearly $20bn
The World Bank has estimated that the devastating earthquakes that struck Venezuela on June 24 caused $19.6bn in direct physical damage.
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Russia's gas queues start to ease, but the fuel crisis is far from over
Ukraine's drone campaign against Russian refineries has made the country's refining sector a strategic liability for the Kremlin, and the resulting fuel crisis has pushed Russian refining to record lows even as LNG exports to Europe hit record highs.
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Russia's Duma passes bill stripping banking and property rights from nationals abroad
Russia's State Duma has approved a bill blocking banking, property and consular rights for nationals abroad who face criminal or political administrative cases, with a Justice Ministry register determining who is affected.
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Black Sea ports shut down as Crimea's blackout deepens
Vessel traffic into Ukrainian Black Sea ports has been fully suspended because of the threat of Russian attacks, Agrarian Policy Minister Taras Vysotskyi said on July 23, as occupied Crimea entered its third month of blackouts
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