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On 20 July 2026, U.S. District Judge Araceli Martínez-Olguín froze Paramount Skydance’s proposed $110-111 billion takeover of Warner Bros. Discovery for at least two weeks, granting 12 state attorneys-general time to press an antitrust lawsuit despite earlier federal clearance.
On 22 July 2026, new UK Prime Minister Andy Burnham ordered all single bus tickets outside London to be capped at £2 from January 2027, financing the subsidy by diverting roughly half a billion pounds from the Energy Security & Net Zero budget.
On 21 July 2026, President Trump signed three proclamations imposing a 50 % duty on most Canadian imports—effective 19 August and covering goods previously shielded by USMCA—citing Canadian retaliation in autos, alcohol and dairy.
On 20 July 2026 Brent crude leapt past $90 a barrel—the first time in five weeks—after a ninth consecutive night of U.S. air-strikes on Iran and retaliatory IRGC attacks slashed Strait of Hormuz tanker traffic by roughly half.
On 20 July 2026 the European Commission fined Alibaba-owned AliExpress €550 million under the Digital Services Act for persisting in the spread of illegal, unsafe and counterfeit goods—the largest penalty yet levied under the two-year-old law.
On 20 July 2026 Brent crude leapt more than 3 % past $90 as U.S. forces executed a ninth consecutive night of attacks on Iran and Tehran claimed it had blown up two tankers, halving Strait of Hormuz traffic in 24 hours.
On 19 July 2026, hours before Andy Burnham enters Downing Street, U.S. President Donald Trump posted on Truth Social that Burnham plans to fully revive North Sea drilling—an assertion Burnham’s team has neither confirmed nor denied, igniting a political and energy-policy storm in Britain.
From 19 July 2026, all EU-based companies with more than 250 staff and €50 m turnover are legally barred from incinerating, landfilling or otherwise destroying unsold clothing, accessories and footwear under the Ecodesign for Sustainable Products Regulation (ESPR).
On 17 July 2026 the Wall Street Journal revealed that SpaceX is negotiating to lease billions of dollars’ worth of spare data-center capacity to the U.S. Department of Defense to run military AI models—marking the company’s first major foray into selling cloud compute to the Pentagon.
On 17 July 2026 Chevron and Baghdad signed non-binding accords to assume West Qurna-2, develop Nassiriya blocks, and begin technical studies on a Syria- or Turkey-bound pipeline that would move Iraqi crude to the Mediterranean, escaping the war-choked Strait of Hormuz.
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