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  • Trump ends Hormuz fee threat after Gulf states pledged large trade and investment deals instead.
  • The US Iran blockade resumed hours later, targeting only ships tied to Iranian ports.
  • Renewed strikes between the two sides pushed Brent crude oil prices sharply higher this week.
  • Iran rejects US authority and still claims full control over the Strait of Hormuz.

Trump ends Hormuz fee threat after Gulf leaders promised large investments in the United States. The president dropped his plan for a Strait of Hormuz shipping fee within one day. He first wanted every ship in the waterway to pay a twenty percent transit charge. Now new trade and investment deals with Gulf states will replace the lost money instead.

The US-Iran blockade returned hours after the announcement, squeezing Iran’s struggling economy even further. US Central Command said its forces launched another heavy round of strikes against Iranian targets. Iran said it hit US military sites in Bahrain and Jordan during the recent fighting. State media in Tehran reported blasts across several cities, including the port city of Bushehr. Reports of how Trump ends Hormuz fee threat plans spread fast among worried global oil traders.

The US-Iran conflict has slowed tanker traffic through the narrow waterway to a trickle. Brent crude oil prices rose sharply as nervous ship owners avoided the risky passage this week. Shipping data shows traffic has fallen to its lowest point in two full calendar months. Around a quarter of the world’s oil once moved through this single busy trade route.

How the blockade hits Iran and oil markets

Trump told reporters he dislikes the fee idea but wants fair payment for naval protection. He said Gulf leaders called him many times before he changed the earlier fee plan. The president called the coming Gulf investments massive and good for both sides over time. Even as Trump ends Hormuz fee threat charges, the strict naval blockade stays fully active.

Iran rejected the move and said it still controls the Strait of Hormuz on its own. Deputy Foreign Minister Kazem Gharibabadi said the blockade broke an earlier agreed truce deal. Washington first blocked all Iranian ports back in April to pressure Tehran into serious talks. The military later redirected one hundred commercial vessels and disabled four during the first blockade.

What the strait fight now means for you

Both countries lifted the blockade in June under a memorandum meant to end the fighting. A dispute over the strait then broke the fragile peace between the two rival governments. Rory Johnston, an oil market analyst, said traffic through Hormuz is grinding to a halt. Markets welcomed the way Trump ended the Hormuz fee threat costs for global shipping firms today.

From my standpoint, this dual approach weakens trust across an already fragile regional peace process. For you, these events matter because oil prices shape fuel costs across the whole world. Israeli Prime Minister Benjamin Netanyahu warned his response would grow stronger after any first attack. He told Iranian leaders not to expect quiet if they strike his country first again. The standoff over the strait keeps global markets and shipping firms on edge right now.

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Türkiye, Saudi Arabia, and Pakistan

The Türkiye, Saudi Arabia, and Pakistan defense pact became official on Friday in Mecca, binding three of the Muslim world’s largest militaries to one promise. An armed attack on any of the three now counts as an attack on all of them. President Recep Tayyip Erdogan and Pakistani Prime Minister Muhammad Shehbaz Sharif traveled to Saudi Arabia at the invitation of King Salman bin Abdulaziz Al Saud. Crown Prince and Prime Minister Mohammed bin Salman received both leaders at Al-Safa Palace. There, the three signed what they call the Mecca Joint Defense Agreement.

Pakistan’s Ministry of Foreign Affairs released the official statement. It said the leaders reviewed relations and several shared concerns before signing. Long historical ties and shared strategic interests form the ground the deal stands on, the text says. Its stated goal is plain. The agreement strengthens collective deterrence against any act of aggression and widens defense cooperation across all three states.

What the Türkiye, Saudi Arabia, and Pakistan defense pact commits each side to

The core clause reads like the one at the heart of NATO. Each country now treats aggression against a partner as aggression against itself. That mutual-defense language mirrors Article 5, which is why analysts describe the arrangement as a NATO-style mutual defense pact. The three governments have not used that label themselves. A Turkish official told Reuters the deal is defensive and points at no single actor. It stays open to other regional states, and it does not cancel any existing bilateral or multilateral arrangement the three already hold.

Speaking to Al Jazeera, another Turkish official said no other country will join for now. He added that states such as Qatar and Egypt should sign on, and that the partners want more members to build a regional alliance and stronger deterrence.

Why a Saudi Arabia, Pakistan, and Turkey alliance took shape now

Timing explains a lot. Iran and its allies have fired on Saudi Arabia and other Gulf states, and blocked their energy shipments, since the U.S. and Israel attacked Iran on February 28. That war has pushed missile fire onto Gulf oil exporters and rattled energy markets. The Türkiye, Saudi Arabia, and Pakistan defense pact gives each member a wider shield at a tense moment. A Saudi Arabia, Pakistan, and Turkey alliance also pools rare strengths. Saudi Arabia holds deep oil wealth. Pakistan is the only nuclear-armed Muslim country. Türkiye fields one of NATO’s largest armies and a growing defense industry. Both Pakistan and Türkiye have also backed a Saudi plan for a maritime coalition to guard regional shipping and energy routes.

The deal builds on an earlier one. In September 2025, Saudi Arabia and Pakistan signed a Strategic Mutual Defense Agreement in Riyadh, pledging that aggression against one would be treated as aggression against both. Türkiye’s entry widens that two-way pledge into a three-way framework. Coverage across outlets has attached the phrase “Islamic NATO” to the idea, though none of the three governments describes the Türkiye, Saudi Arabia, and Pakistan defense pact in those terms. Reuters reported that officials from the three countries had worked on the draft for months before the signing.

How the region is reading the Türkiye, Saudi Arabia, and Pakistan defense pact

Reaction from Tehran came fast. Ebrahim Rezaei, a member of the Iranian parliament’s national security committee, wrote on X that the deal will not guarantee Saudi security. The pact also lands against a wider Middle East war and renewed fighting in Yemen, on Saudi Arabia’s southern border. For readers, the point is simple. Three U.S.-allied Muslim states have tied their security together, and they have left the door open for others to follow.

Emaar Properties H1 2026 Results

A number sits at the center of the Emaar Properties H1 2026 results, and it is worth pausing on. The revenue backlog reached roughly AED164.9 billion, or about US$44.9 billion, as of 30 June 2026. That figure is money already committed by buyers but not yet booked as revenue. It tells you what the next few years might look like before they arrive.

Emaar reported revenue of AED23.9 billion, up 21 percent against the same period last year. EBITDA rose 24 percent to AED12.9 billion. Net profit before tax reached AED12.8 billion, a gain of 23 percent. These are the headline lines, and they build on a first quarter that already ran ahead of 2025.

The backlog matters because it de-risks what comes next. When a developer sells homes before completion, the cash lands over time as construction hits each stage. Emaar’s backlog grew 13 percent year-on-year, giving the group visibility that many builders lack.

Where the sales came from

Emaar property sales reached approximately AED26.6 billion in the first half, drawn from its master-planned communities and a set of timed launches. The company said pricing held firm across those developments, a sign buyers kept their confidence through the period.

Eleven residential launches went out across Emaar South, Dubai Hills Estate, The Heights Country Club, The Oasis, Rashid Yachts and Marina, and Expo Living. Alongside these, the group announced a new AED200 billion masterplan, adding to a pipeline that already spans a large share of Dubai’s developable land.

The development engine

Emaar Development, the build-to-sell arm, carried much of the weight. It reported revenue of AED13.3 billion, up 34 percent, with net profit before tax of AED7.8 billion, a rise of 41 percent. Counting other UAE operations, Emaar Development revenue from property development in the country reached AED17.7 billion, up 30 percent.

The backlog for UAE development projects stood at AED135.7 billion as of 30 June, up 6 percent on the first half of 2025. Mohamed Alabbar, founder of Emaar, tied the group’s steady footing to Dubai itself. He said the city never stands still, and that its stable, business-friendly environment continues to draw capital and talent even against a more uncertain global backdrop.

The recurring side of the ledger

Beyond selling homes, Emaar runs malls, hotels, and leased space that produce income year after year. That side held its ground. Recurring revenue reached AED5.1 billion, close to the prior year, with recurring EBITDA at AED4.0 billion.

The malls, retail, and commercial leasing portfolio brought in AED3.5 billion, up 9 percent, with occupancy near 98 percent. Hospitality, leisure, and entertainment generated AED1.6 billion, and UAE hotels ran at 60 percent average occupancy. International work, led by Egypt and India, added property sales of AED4.2 billion and revenue of AED1.1 billion, about 4.6 percent of the group total.

Emaar net profit before tax, then, rests on two engines running together. One sells the city as it grows. The other collects rent on what is already built. The Emaar Properties H1 2026 results suggest both kept pace through the half.

TikTok's deal with Disney

TikTok’s deal with Disney puts fan-made videos inside a paid streaming service for the first time. The two companies announced the global content-sharing agreement this week. It is the first of its kind between a major social app and a traditional media company. A pilot will run in the United States over the coming months, and other markets may follow later. If you use Disney+, the shift shows up in a place you already scroll.

Selected clips from participating TikTok creators will appear in the Disney+ Verts feed, the vertical video destination inside the app. Those same videos stay live on TikTok at the same time. Disney built Verts in March 2026 as a mobile-first feed of short clips, made to help you find longer shows and movies without leaving the app. Now fan work fills a large part of it. Reuters reported this is the first time TikTok videos will run on any platform other than TikTok itself. Netflix and Peacock have tested vertical feeds too, so the format is spreading fast.

What TikTok creators get

Fans who opt in gain access to official assets from hundreds of Disney films and series. That library covers Pixar, Marvel, Star Wars and FX. Creators can use approved scenes and characters, so a fan edit no longer sits in a legal gray zone. A fan edit is a short, stylized video that remixes clips from a show or film. TikTok creators keep posting on their home platform while reaching Disney+ subscribers at the same time.

TikTok’s deal with Disney and its ambassador program is the infrastructure of the deal. A joint effort called the Disney Creator Ambassador Program sits at the center of the agreement. Top performers can earn rewards, gain visibility, attend exclusive events and follow career development paths. The program is tiered, so the perks grow as a creator does more. Disney frames this as a way to build ties with the next wave of creative talent.

Why the timing matters

The Disney TikTok deal arrives with the company’s Q3 2026 earnings. Disney reported that its streaming operating income more than doubled to $712 million, up from $329 million a year earlier. Shares rose about 3.6 percent on the day of the news. Fan-created content is one reason the strategy holds up. According to internal TikTok data, people shared an average of 6.5 million film and TV posts each day on the platform last year. Nearly half of surveyed viewers said they went on to watch a movie or show after finding entertainment content on TikTok. TikTok’s deal with Disney gives that behavior a formal home.

Asad Ayaz, Disney’s Chief Marketing and Brand Officer, said the best storytellers are fans first. He described the collaboration as a new bridge between Disney’s stories and the creativity they inspire. Dawn Yang, TikTok’s Global Head of Entertainment, said creators sit at the heart of the platform. She said the partnership brings the community’s authentic expression to Disney+.

What to watch next

TikTok’s deal with Disney starts small, as a US test. Expansion depends on how the pilot performs and how many creators opt in. For now, the move signals that fandom is part of the streaming interface, not a side channel. TikTok’s deal with Disney could reshape how you find the next thing you watch.

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