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On 5 July 2026, Iran declared it will begin charging ships transiting the Strait of Hormuz once the 60-day post-cease-fire grace period ends, but promised lower rates for countries it deems friendly, notably China.
On 4 July 2026, Prime Minister Narendra Modi inaugurated a new 20-lakh-passenger terminal at Jodhpur Airport and simultaneously rolled out a decade-long, ₹28,840 crore revamp of India’s regional-aviation UDAN scheme.
On 4 July 2026 President Erdoğan and PM Shehbaz Sharif agreed in Istanbul to quintuple bilateral trade from roughly $1.2 billion to $5 billion and endorsed a 1,000-acre “President Erdoğan Special Economic Zone” in Karachi reserved for Turkish investors.
On 2 July 2026, the Trump administration let the six-year renewal deadline pass and formally refused to extend the U.S.–Mexico–Canada Agreement, converting the pact into an annually reviewed deal that will expire in 2036 unless a new arrangement is struck.
OpenAI has entered preliminary talks to transfer roughly 5 % of its equity—valued near $42.6 billion—to a federally controlled vehicle, positioning Washington not just as regulator but shareholder in frontier AI firms.
On 3 July 2026, ECB President Christine Lagarde told Les Échos she may quit before her 31 Oct 2027 mandate expires so she can inject a pro-EU stance into France’s April 2027 presidential debate.
On 1 July 2026 Washington declined to sign the automatic 16-year extension of the United-States-Mexico-Canada Agreement, activating a clause that keeps the deal alive only through yearly reviews until its scheduled sunset in 2036 while U.S. negotiators press for tougher origin rules and a mandatory 50 % U.S. content share in autos.
On 2–3 July 2026 Prime Minister Mark Carney and Premier Danielle Smith struck a deal making Canada and Alberta equal owners—alongside a 10% Pembina stake—of a new, million-barrel-a-day crude line to B.C.’s southwest coast, enabled by a concurrent pact with B.C. that keeps the North-Coast tanker ban but ends provincial opposition to a southern route.
On 2 July 2026, European Commission President Ursula von der Leyen pledged autonomous trade measures that will make nearly 80 % of Armenian exports duty-free in the EU and dispatched an expert mission next week to help Armenia cut its dependence on Russian gas and electricity.
In the three weeks since the 17 June 2026 interim truce, U.S.-escorted tankers have restored crude traffic in the Strait of Hormuz to over 10 million barrels per day, sharply curbing Tehran’s wartime choke-hold on the channel.
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