Geopolitical events
On August 2, 2026, the Iranian government issued a formal warning to the United States against further "adventurous action" following trilateral diplomatic consultations with Pakistan and Turkey. This escalation follows President Donald Trump's public declaration that he is "losing faith" in negotiations and the subsequent U.S. Department of State emergency advisory urging all American citizens to depart the Middle East. The persistent geopolitical instability has severely impacted global energy markets, with Brent crude futures rising 24% in July as the maritime blockade in the Strait of Hormuz continues to compromise international supply chains.